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Technology Stocks : How high will Microsoft fly?
MSFT 478.46-1.7%3:59 PM EST
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To: ed who wrote (30266)9/29/1999 5:47:00 AM
From: Mick Mørmøny  Read Replies (1) of 74651
 
Ballmer Meant What He Said

... Bottom line for investors, said analysts: Get over it.

This isn't the first time Microsoft's president has complained about the overvaluation of tech stocks. And even though the market got the vapors over it, he's not retreating from his premise. By Craig Bicknell

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Ed, memorize these lines. You will surely need them again in the future.

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... the company stood by one of Ballmer's basic assertions: Tech stock prices are very high.

... "As long as I've know (sic) Steve, and that's been quite a while, he's always felt that everything's overvalued,'" said Michael Kwatinetz, an analyst with Credit Suisse First Boston. "Microsoft is always worried that things are too pricey and that something could go wrong in the market. It's part of what makes it a great company."

... Ballmer has every right to articulate his beliefs.

... "The commissioner has a strong appreciation of the First Amendment," said SEC spokesman John Heine. "Speaking your mind is not something that we regulate."

... "He's said the same thing numerous times, at numerous meetings," said Kwatinetz. "It's not surprising at all that he'd say it again. What is surprising is that the market reacted the way it did."

wired.com
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