What is the matter with this bozo???
Ratan:
Man this idiot just cost a lot us a bundle,hope he rots in hell soon, what does he care he already made the dough,eh?<eom>
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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.
Microsoft shares were off $4 at $92.06 in late-afternoon trading on the Nasdaq market.
Ballmer's presentation to business writers included a general overview of Microsoft and the growing importance of the Internet in its future business strategy. He said he saw the office software business evolving to a service model in which users would take only certain features over the Internet. |
