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Technology Stocks : How high will Microsoft fly?
MSFT 472.22-1.3%Nov 21 3:59 PM EST

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To: Thai Chung who wrote (33642)11/10/1999 12:29:00 PM
From: johnd  Read Replies (1) of 74651
 
Benefit to MSFT shareholders from EXPE IPO:
==========================================
EXPE at 62. The benefit to us MSFT holders is MSFT's
MSFT's book value (shareholder equity) just shot up by
2 billion. This should reflect in market value of
additional 30 billion to the stock or about $6 a share
considering MSFT trades at 15 times book. Till that
is factored, the stock is available at a discount.
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