How high will Microsoft fly? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : How high will Microsoft fly?

MSFT 507.67

-0.5%

11:33 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: t2 who wrote (24109)	6/14/1999 10:57:00 AM
From: t2	Read Replies (1) of 74651

I bet MSFT is buying back their shares on the open market. Why? The answer is very simple. They were held back from buying up some pieces of their internet puzzle due to net stocks skyrocketing. If I was the CFO, i would seize this opportunity to support MSFT shares while the nets are getting killed. MSFT shares will be considered hard currency for any net start ups and some existing companies. When we see the June earnings release, I would bet that their share buybacks have increased in a big way this quarter. Maffei must be enjoying the internet stock selloffs and making some big plans---which includes using up some cash reserves to support the stock price.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next