Microsoft Lowdown

David D. Kirkpatrick and Jamie Heller

Microsoft Lowdown

David D. Kirkpatrick and Jamie Heller

Microsoft Lowdown
An email conversation about the news of the day.
May 25 2000 5:18 PM

David D. Kirkpatrick and Jamie Heller

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David,

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In response to your long-term analysis of Microsoft, I'll reveal my intraday Internet orientation: The stock helped dragged down both the Dow and Nasdaq today.

Re the stock's future outlook, permit me to quote from TheStreet.com's resident columnist on Microsoft, Jim Seymour, who posted a column midday today:

I think there's not a whole lot of downside left in Microsoft at current price levels, in the mid-60s. We know the worst-case outcome--dismemberment--and have known it for some time. Jackson's actions over the past few weeks have effectively drawn a downside risk line under the stock.

Of course, the stock fell another 4 points and change today, closing at 61½. Still, as Seymour says, "Microsoft is a fairly safe place to hide this summer, if you want to stay in tech stocks." I'll leave you with that as we head into this Memorial Day weekend.

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Jamie

David D. Kirkpatrick is a contributing editor atNew Yorkmagazine who writes frequently about business and finance. Jamie Heller is editor for strategic ventures atTheStreet.com, where she's worked since its 1996 founding.