Buy On Bad News

Despite the antitrust suit, don't sell your Microsoft. If the stock dips more, it's a bargain

The pity about Microsoft's new antitrust problem is that it hasn't driven the stock much lower--only a lousy few points, about as noticeable as three words cut from Moby Dick. If you're like a lot of folks, Bill Gates' best seller caught your fancy years ago, but at 30 to 40 times earnings, the price always seemed high. So you waited, and still wait. The stock has had its dips. But they've been brief, and often came with nagging questions: Was its famous growth curve flattening? Was it too slow to the Internet? Would the feds destroy its edge?

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