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Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?

To: t2 who wrote (23470)	6/1/1999 11:37:00 AM
From: mauser96	Read Replies (2) \| Respond to of 74651

I just ran across some interesting statistics about MSFT in a Credit Suiss First Boston report. The P/E of MSFT has shown considerable shrinkage over the last 3 years. Relative P/E ..... 6/97 +437% *** 6/98 + 321% *** 6/99 + 214% The institutional ownership of MSFT is relatively low ( around 35%) Since the price has gone up, and the P/E has gone down, I guess this means that institutional expectations for Microsoft's future are declining.This leaves a lot of room on the upside if expectations rise to match actual company performance. Even though I suspect that customers will move away from the standard PC that has been the MSFT gold mine,MSFT has an amazing ability to reinvent itself. As the Internet Explorer shows, MSFT can enter a market and keep improving an initially poor product until they have a window. Persistence and deep pockets usually win in the long run.

To: t2 who wrote (23470)	6/2/1999 11:08:00 AM
From: limtex	Read Replies (1) \| Respond to of 74651

t2000 Well now what? Quote.com news says this morning that the market continues down for the rest of the week, that one more tiny piece of 'bad' news like on Friday if too many Americans have got jobs ( that iis now extraordinarly bad news in fact it is a disaster for 'investors' if too many Americans are in work) then 'investors' will start running out of stocks and into the safety of bonds. Well that looks to me like the end of the market as we've know it. Is thre any reason to hold one share any longer? MSFT bottom? ....will it hold $50 or even $40? What should we hope for:- A. Jobs and employment - ( really bad for the economy and will make old G seriously pissed off enough to knock 3,000 points off the Dow or B Growing unemployment (great news no worries for 'investors' here. Loads of Americans slung out of work and old G is happy as can be and doesn't want to put up interest rates) Best regards, L