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Technology Stocks : How high will Microsoft fly?
MSFT 505.94-0.6%10:16 AM EST

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To: cheryl williamson who wrote (46370)6/10/2000 12:15:00 AM
From: Kashish King  Read Replies (3) of 74651
 
A lot of people considered Bill Gates to be a low-caliber software developer who was at the right place at the right time. On top of that, he wasn't concerned about money, but about getting as much as he could per unit sold as a metric of worth. His lack of concern for money and need to control his products (all good things) made him filthy rich. So in truth Bill Gates has lost nothing here. This legal battle has cost Microsoft's shareholders about 200 billion and change in lost market cap, but that's not what is driving Gates. I am sure he would rather lose it all, and have the shareholders lose it all with him, than bend. What's a medium-sized country's worth of cash between enemies, anyway? Heck, that's only a couple of dozen Gulf Wars.

I think we can all admire Bill Gates tenacity but I think it is also clear that the public would be better served by a right-place-at-the-right-time monopolist who was more interested in fueling innovation and competition than in control. Ironically, what brought Microsoft to 400 billion is what has brought them back down again: stubborn tenacity.
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