How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 478.53

-1.0%

Dec 12 9:30 AM EST

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To: RTev who wrote (19262)	3/30/1999 6:36:00 AM
From: J Krnjeu	of 74651

Mr. RTev, And they virtually destroyed their company in the process. Consider this: the market cap of IBM today is a bit less than $160 billion. The market cap of the former Bell System companies (the folks who "punked out" as you say) is a bit less than $500 billion. IBM's most recent dividend was 88 cents. The combined dividend of the Bell System companies was $6.80. Now, once again... Who took the wiser strategy? IBM is not virtually destroyed, $160 billion is not a company destroyed. IBM screwed up not because of the DOJ but because of market arrogance. They considered the PC as a toy and not a competitor. Then they divide the market by dollar size and did, DID not go after businesses they considered too small. They pissed off many, many business. I worked for a major oil company and we chose DEC over IBM for those reasons. IBM came back on their knees for the business but we gave DEC the business. DEC's attitude was much better. We brought over $100 million dollars in one year from DEC and continued buying year after year. Thank You JK

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