NEVER. If it does, I will bet my entire portfolio on it and tuck it away for 10 years. By the way. I just made 500 buck in after ours. I bought 2k shares at 24.15 and just sold at 24.35
>>>Growth projections have also been dependent on new product cycles, the biggest being the operating system which we are coming into next year.<<<
if they release vista at the end of '06, most corps won't even start thinking about it until '08. and *that's* probably optimistic.
Actually they had 24% earnings growth year over year for this quarter and are predicting approxinately 15-20% earning growth over the whole year. But to answer your specific question, this stopped being a "growth" stock in terms of double digit sequential year over year revenue and earnings growth several years ago. Growth projections have also been dependent on new product cycles, the biggest being the operating system which we are coming into next year.
Lets see, this company has no debt, 35 BILLION dollars in cash (3.50 per share), generates free cash flow of 11 Billion a year, has a monopoly in the operating system market, is coming out with a new operating system next year, new Microsoft Office, is getting into the phone-email business, and has a gaggle full of other new products coming out in the near future. I think its going lower than $18.00. I think its only a matter of time before MSFT puts out another shelf offering to raise more capital. Hell, its a miracle the godamn place is still operating. SHORT SHORT SHORT