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To: KevRupert who wrote ()	4/30/2000 4:54:00 PM
From: KevRupert	of 186

Microsoft Buyback Date Article: Email; cbsmw NEW YORK -- Microsoft is expected to be a big buyer of its own shares starting June 8, once a deal-related lock-up period expires on June 7, a New York Times column suggested on Sunday. Microsoft (MSFT: news, msgs) has long been buying back shares to offset the dilution to its earnings that stem from employee options grants. Yet this time around the software giant's hands are tied even as its stock suffers under the weight of the government's proposed breakup of the company, the Times said. Accounting rules ban Microsoft from buying back shares so close to its $1.5 billion purchase of software maker Visio, a deal based on Microsoft stock which was announced last fall. "Microsoft's absence from the market this year helps explain why the shares have behaved so dismally," the Times' financial columnist Gretchen Morgenson said. "The company is likely to come roaring back into the market on June 8." Microsoft has bought back 764 million shares since 1990. On Friday, antitrust authorities urged a federal judge to split Microsoft in two, a move that would mark the first such corporate bust-up since the breakup of AT&T in 1984.

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