OT, re MSFT:
I'm not sure I understand your question.
The news says that the government has decided not to try to break up MSFT, so now they are just negotiating what restrictions will be placed on the company's business practices. There will be major restrictions placed on them, but it's going to take at least another 12 months before a clear picture emerges of exactly what the restrictions will be. So, we still have an extended period of uncertainty in front of us. Uncertainty equals buying opportunities.
Also, the techs are still way overvalued, in historical terms, using traditional valuation yardsticks, (which we are all going to start using again). So I'm not buying MSFT yet.
But at some point this year, I probably will. After the settlement, the company will still have the largest pool of software-writing and software-selling talent on the planet. And it will still have a management team without peer. That is worth owning. But I'm in no hurry. |
