How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 496.92

0.0%

Nov 7 9:30 AM EST

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To: Jon Stept who wrote (29885)	9/23/1999 4:08:00 PM
From: ALTERN8	Read Replies (2) of 74651

Microsoft President Steve Ballmer remarked that he thought the technology sector was overvalued, along with the price of his company's stock. "There's such an overvaluation of tech stocks it's absurd," he told a conference of the Society of American Business Editors and Writers. Referring to the speculative sentiment that's pushed tech stocks higher, he said: "In a way, it's a bad thing for the long-term health of the economy." Microsoft (MSFT: news, msgs) shares decayed 4 15/16 to 91 1/8. I say sell and short MSFT for biting the hand that feeds them and by the rest of the tech sector. What BS.

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