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Gold/Mining/Energy : Infowave Wireless Messaging IW:TSE

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To: Robert Dydo who wrote (877)	9/24/1999 9:38:00 AM
From: Neil Irwin	Read Replies (1) of 1690

IWM dropped from $3.95 to $3.56 yesterday, along with many other hi-techs, due to the Prez of Microsoft saying: "There's such an overvaluation of tech stocks it's absurd. And I'd put our company's stock in that category," Steve Ballmer said yesterday to the Society of American Business Editors and Writers in Seattle. Likening the meteoric rise in tech stocks to a "gold rush" frenzy, he added that "it's a bad thing for the long-term health of the economy." Although comments like that are healthy for the long-term performance of the market, they sure can be a kick in the ol' pocketbook when they hit close to home... Neil.

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