How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 493.80

-2.7%

3:59 PM EST

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To: PMS Witch who wrote (24926)	6/25/1999 9:32:00 AM
From: William Hunt	Read Replies (1) of 74651

PMS Witch ---The solidarity issue with OPEC is not strong as one thinks this time . Back in FEB our ( tonque-in-cheek ) president sent the secretary of energy Elliott Richardson to the Saudi to tell them we would not opposed an increase in oil prices back to the old levels . There was an article in the WSJ in late FEB to support this . So much for a free market . The following logic from the article was used to justify the agreement : 1) The oil members of OPEC were suffering economically and were possibly being set for political chaos ( such as INDONESIA ) + they could not buy our products 2) The president was getting a lot of pressure from the five oil producing states in the US to raise prices due to the oil industry downturn in their states . IT is ironic that one of the big inflation issues that is effecting the market is being fuel by the rise in oil prices BEST WISHES BILL PS Just a thought --oil prices were at this level a year a go and the market was performing decently .

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