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Technology Stocks : How high will Microsoft fly?
MSFT 508.82+0.6%Nov 11 3:59 PM EST

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To: _warlock_ who wrote (57024)4/2/2001 3:32:26 PM
From: KeepItSimple  Read Replies (2) of 74651
 
>Re: "The consequences of MSFT going lower than here are so high that
> it simply will not happen."

If MSFT had to pay out for all the puts they wrote over the last two years that are firmly in the money, they would either be forced to pay out every single penny of the 20 billion cash they have in the bank, or dilute the stock to the tune of 10%.
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