Despite the third fiscal quarter shortfall, we believe now, more than ever, would be the wrong time to sell the shares of MSFT. The next 12 months, from a financial and product perspective, should be much, much easier than the prior 12 months. For this reason and more, we reiterate our 'strong buy' rating and remain convinced that Microsoft represents an outstanding investment opportunity at current levels. |
Guidance for fiscal 2001 is more cautious than necessary and (we) remain very optimistic on the next 12 months for Microsoft and believe we are reaching absolute bottom in the company's share price, if not there already. |
We expect Microsoft's proposal to fall far short of what the government would be willing to accept and what the government will ask the court to impose on Microsoft. Despite the third fiscal quarter shortfall, we believe now, more than ever, would be the wrong time to sell shares of MSFT. |