STEVE BALLMER MUST BE FIRED OR RESIGN Message Board

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Technology Stocks : STEVE BALLMER MUST BE FIRED OR RESIGN

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To: EyeDrMike who wrote ()	9/23/1999 4:04:00 PM
From: Nanchate	Read Replies (5) of 33

Where does someone like Steve Ballmer get off making such sweeping comments on the overall tech sector. Hey Steve if you want to make comments on valuation keep it to your own stock. Sitting on stock options which cost you next to nothing. Get in touch with reality Steve and keep your nose out of the market. My hope is that Steve gets a good talking to and that he realizes that $$$ doesn't give anyone the right to overstep their boundaries. I doubt that market comments are in Steve's Job description. I'm sure Bill as well as MSFT shareholders appreciate the $25BILLION haircut you gave them. Perhaps that $25B could be garnished from your wages. Microsoft President Ballmer Says Tech Stocks Are Overvalued Seattle, Sept. 23 (Bloomberg) -- Microsoft Corp. President Steve Ballmer said he thinks technology stocks are overvalued, including the shares of his company, the world's largest software maker. ''There's such an overvaluation of tech stocks it's absurd,'' Ballmer said at a conference of the Society of American Business Editors and Writers. ''And I'd put our company's stock in that category.'' Ballmer said that a ''gold rush'' mentality had pushed up technology stock prices beyond their value. ''In a way it's a bad thing for the long-term health of the economy,'' he said. ''Anything that's false is bad.'' Ballmer said that the high stock valuations, which push up the compensation of technology company executives who are often paid in stock and options, made it harder for companies to hire good people. The media contributes to the problem by portraying the technology industry in terms of a ''gold rush,'' he said. ''The story that gets written is, isn't it great to live in California in 1849, I mean 1999,'' Ballmer said. Sep/23/1999 13:29

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