SI
SI
discoversearch

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 : STEVE BALLMER MUST BE FIRED OR RESIGN
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Nanchate who wrote (1)9/24/1999 3:26:00 AM
From: Jeff Dryer   of 33
 
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.

I tend to disagree with this. Maybe hiring is difficult for Microsoft. For many technology companies, it's not hard at all to hire good employees. For example, Go2Net has hired more than 100 incredible employees this year.

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.'

I agree.

Here are some comments I posted in response to Tim McCormick July 30, 1999:

The Markets have been corrupted by many different forces. It is currently a complete joke and dangerous to the future of the U.S. economy.

Everyone's expectations are so high now... many people expect 100% returns per year from their stock investing adventures.

Many new MBA grads are turning down $100,000 per year jobs to work for a low salary and options at an Internet company and expect to become rich and retire within a couple years. Many people with successful careers and family can't stand missing out on the Internet craze any longer and are quitting their careers to join Internet companies too.

Hundreds of Internet companies are going IPO that shouldn't be and at valuations that are insane. eToys valued at $8 billion on IPO day with less than $10 million in total revenue generated since inception? At some point, reality will set in. We will not only have a recession but an *expectations* depression.

#reply-10721150
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News