How high will Microsoft fly? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : How high will Microsoft fly?

MSFT 496.92

0.0%

Nov 7 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jon Stept who wrote (29885)	9/23/1999 4:22:00 PM
From: RTev	Read Replies (2) of 74651

Greenspan and Buffet are not and so are not bound by the responsiblities or mission of the corporation. What? Warren Buffet is the CEO of a publicly traded company. When he comments on general market valuations, it's even more significant since Berkshire Hathaway is largely an investment company. As far as Ballmer: His job is to increase the long-term value of Microsoft. Occasionally, a company executive must do something or say something that is detrimental in the short term to the company's stock price, but which increases the company's long-term prospects or financial health. I suspect Ballmer's comments are made out of a genuine concern for the health (or lack thereof) of this market. If his comments can contribute in some small way to bringing greater balance to the market, then Microsoft benefits in the long run because it is among the premier tech stocks by virtually any rational measure. And hey, if you want to spin paranoid explanations for the remark, at least get creative. How about this absurd take on it: Ballmer made the remarks because Microsoft is losing too many employees. If the stock value tumbles, folks are less likely to cash out their options and leave the warm embrace of Redmond. [And no. I don't believe that for a moment.]

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next