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Technology Stocks : How high will Microsoft fly?
MSFT 485.49+1.8%3:59 PM EST

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To: Dwight E. Karlsen who wrote (26959)7/20/1999 11:21:00 PM
From: t2  Read Replies (2) of 74651
 
Maffei really wants a steady price appreciation year over year. I think he realizes that earnings is the best way. If that doesn't work, it could be tracking stock idea. If that fails--accelerate repurchases of shares on the open market. If that fails, talk to Bill Gates about spinning off certain divisions---resulting in increased shareholder value.

This company has a lot of weapons to ensure that employees and shareholders are happy. I do think his objective is not to support the stock in a decline of the market in general. However, he will act to ensure that it does well--like most other big cap techs. It has lagged a bit but that could change easily.

That is why i would not consider ever going short on this stock. I love the company is the other reason.

The Y2K warning that he gave is not really the catalyst. There just appears no reason be in stocks ---record levels in markets heading into more uncertainty than usual. Of course a selloff would be expected.

Why not just wait out a correction to get back in? Does anyone really feel there is significant upside potential in MSFT for the next month? IMHO, even a tracking stock will only provide a temporary bounce. A settlement with the DOJ -- i don't know about that one.
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