How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 476.93

+0.6%

Nov 25 3:59 PM EST

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To: t2 who wrote (28984)	9/1/1999 4:43:00 PM
From: Exacctnt	Read Replies (1) of 74651

Tech2000, From Microsoft's Form 10-Q. "To enhance its stock repurchase program, Microsoft sells put warrants to independent third parties. These put warrants entitle the holders to sell shares of Microsoft common stock to the Company on certain dates at specified prices, and permit a net-share settlement at the Company's option. On March 31, 1999, 163 million warrants were outstanding. The outstanding put warrants have strike prices ranging from $59 to $65 per share and maturities ranging from 6 to 36 months." If Microsoft is currently selling puts in the open market, it would be a change from past practices. Regards

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