Archived posting to the Leica Users Group, 1999/01/19

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Subject: RE: [Leica] Re: Microsoft bashing (off topic)
From: "Kotsinadelis, Peter (Peter)" <>
Date: Tue, 19 Jan 1999 08:00:52 -0800


You're dreaming.  There is more to the Network than desktop and MS rules
If you go back 2 years ago MSFT was 45 now 150 more than triple.
Apple on the other hand was 18, so for the first year MSFT doubled and with
Apple you list but made it up the following year.  SO WHAT!  Besides P/E
mean nothing these days, look at the Internet stocks.  

Peter K

- -----Original Message-----
From: Alexey Merz []
Sent: Monday, January 18, 1999 2:27 PM
Subject: RE: [Leica] Re: Microsoft bashing (off topic)

"Kotsinadelis, Peter (Peter)" <> wrote:
>Except if you bough MS Stock 2 years ago you would have more than 
>doubled your money.

One year ago, actually.
12 months ago, MSFT was at ~$60/share. Now it's at ~150.
12 months ago, Apple was at $15.  now it's over 40. 

The difference:
MSFT P/E: 74
Apple P/E: 20

Go ahead and invest in MSFT, but prey to Greenspan that interest rates
stay low, because that stock price makes assumptions about both future
MSFT revenue growth and interest rates. If either of those assumptions
proves false, with a P/E that high a lot of investors will take it in 
the shorts. Apple has few directions to go other than up.
Alexey Merz | URL: | email:
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