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Technology Stocks : Oracle Corporation (ORCL)
ORCL 239.27-1.9%3:59 PM EST
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To: Paul van Wijk who wrote (12113)9/24/1999 4:20:00 PM
From: MeDroogies  Read Replies (1) of 19079
 
A friend of mine (who happens to own a modest Inet business) feels this is the case, as well.
His feeling is that while all Inets are "overvalued", that overvalue is essentially "protection" from MSFT. Not that investors are deliberately doing it, but that in not wanting to "miss the next MSFT", they have applied MSFT multiples to all these companies. That, effectively, prevents MSFT from actively purchasing alot of them.
Ballmer, no fool, doesn't like that turn of events. After months of saying so privately to the analysts, he goes public to drive down the market....
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