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...economy types have argued that the value metric is no measure for stocks of dotcoms like Amazon that have no earnings but just might become the next Microsoft or Dell. Their solution: simply replace the E in the ratio with something else--revenues, cash flow, new orders or what have you. And if the company should be a fast-growing market leader, or the kingpin in a field with barriers to entry, the P/E ratio could top 100 and analysts would still be calling it a buy. Until recently, they had a case; value investors missed out on the NASDAQ...

Author: /time Magazine | Title: Back To Basics: How to Value a Stock | 4/24/2000 | See Source »

PALM WARS Microsoft's new Pocket PCs (described at left) will soon have more than Palm to compete with. Next month Research in Motion, whose two-way pager won accolades last year for its compact size and wireless stock-trading capability, plans to release its own $500 handheld. The Blackberry 957 will feature an organizer, address book and note-taking features. Wireless e-mail service will cost $40 a month. While the RIM will link to corporate e-mail, a monochrome screen and paucity of extras could make it a tough sell...

Author: /time Magazine | Title: In Brief: Apr. 24, 2000 | 4/24/2000 | See Source »

...Earlier this month, when Judge Thomas Penfield Jackson found that Microsoft had abused its monopoly power, the firm vowed to appeal - an apparent attempt, at least in part, to quell investor concerns over the future of the firm. The appeals process is expected to drag on for at least two years, an eternity in tech time. But on news of the proposed remedy, investor concerns appear to be in full force once again. Before 10 a.m. on Monday, Microsoft had dropped more than 12 dollars per share to $66.63. After steady gainst throughout the second half of last week...

Author: /time Magazine | Title: Justice to Microsoft: Be Afraid, Be Very Afraid | 4/24/2000 | See Source »

Just when you thought it was safe to back into the market, someone caused quite a panic on Wall Street Monday by leaking the Justice Department's proposed remedy in the Microsoft antitrust trial to the press this weekend. The reported remedy introduces a new wrinkle to the whole matter: that Microsoft be strictly controlled during the appeals process. This follows talk that any remedy handed down by the court after the years it will take to sort our the appeals would be made moot by advances in technology. According to reports in three major newspapers Monday morning, the Justice...

Author: /time Magazine | Title: Justice to Microsoft: Be Afraid, Be Very Afraid | 4/24/2000 | See Source »

...date, opening up Windows for the world to see has been a deal-breaker for Microsoft. But if the software package's secrets are revealed as part of a temporary injunction, they'll stay revealed regardless of the case's outcome - a fact that must have Bill Gates and his Redmond techies shaking in their sneakers. The other consequence of the leaked proposal (which Justice hasn't confirmed or denied) that could push Microsoft to the bargaining table is the potential diminution of its executives' stock portfolios. On news of Justice's intentions, Microsoft stock dropped 15 percent...

Author: /time Magazine | Title: Justice to Microsoft: Be Afraid, Be Very Afraid | 4/24/2000 | See Source »

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