Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 226.05

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Nov 14 3:59 PM EST

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To: Proud_Infidel who wrote (32588)	9/23/1999 5:06:00 PM
From: Jacob Snyder	Read Replies (2) of 70976

ROFL: Microsoft Pres. calls tech stock values "absurd" SEATTLE, Sept 23 (Reuters) - Microsoft Corp. (Nasdaq:MSFT - news) President Steve Ballmer on Thursday said valuations on technology stocks have reached ``absurd' levels, and even his own company's shares may be overvalued. ``There is such an overvaluation of technology stocks, it is absurd,' Ballmer said to a group of journalists here at a technology conference being given by the Society of American Business Editors and Writers. ``I could put our own company and others in that category.' Ballmer's comment came in response to a question about which stories are undercovered by the business media. Asked then what Microsoft's stock price should be, he said, ``less.' ``I used to believe in the theory of perfect markets, but I no longer believe that,' he added.

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