How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 478.53

-1.0%

Dec 12 9:30 AM EST

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To: johnd who wrote (48004)	7/18/2000 6:49:55 PM
From: t2	Read Replies (1) of 74651

Johnd, All the CFO said in relation to buyback of shares was that MSFT had no plans to do so AT THIS TIME. He said he cannot say more than that---they are clear to buyback if they wish. I have a feeling it has to do with what happened in the last quarter when the stock dipped to about 65 and they could not do any buybacks. They could want to wait for that opportunity to buy the shares on weakness if that happens. OR they could be waiting for a major buyback announcement that does not coincide with the earnings release. I think this is the case---why not make a major statement in a little while after the market digests the earnings report. Looks like a good strategy IMHO. A buyback could have the same effect as a stock split would have---why not give a little while before making the buyback decision---grab a few headlines later. Just remember what Connors is thought to have told some New York Times or WSJ reporter about how he wanted to buyback shares earlier this year but could not due to regulatory reasons.

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