How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 488.50

+1.1%

10:26 AM EST

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To: Sir Francis Drake who wrote (43924)	5/1/2000 10:46:00 AM
From: rudedog	Read Replies (1) of 74651

re: NY Times article... This author seems pretty confused. First, she has the date at which MSFT can buy shares wrong. Second, she says that MSFT can close the put warrants with cash or stock. Exactly how would that work? I have a put warrant from MSFT which allows me to put stock to the company at a specified price. I'm certainly not going to take MSFT stock for that warrant since the transaction is defined to go the other way. MSFT would seem to have the choice of buying back the warrants at a premium or taking the stock at the strike price... cash in both cases. If MSFT takes the stock, this is the opposite of dilutive - shares are taken out of the market.

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