“Microsoft President Steve Ballmer warned anyone who would
listen last month that technology stocks, including his own,
couldn’t support their valuations. … Less than a month later,
Ballmer’s pessimism was blown away by Microsoft’s 37% increase in
earnings…”
“One analyst said an important indicator of Microsoft’s
long-term strength will be the reception of the release, expected
later this year, of the long-awaited Windows 2000.
‘They always beat expectations, but I’m interested in seeing
what happens when they come out with Windows 2000,’ said
Bonnie Brooks, primary analyst for business products at Creative
Strategies Inc. in San Jose. ‘That is really going to be the
telltale of where they are going to go.’ “