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Strategies & Market Trends : John Pitera's Market Laboratory

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To: Hawkmoon who wrote (4232)7/11/2001 2:56:15 PM
From: John Pitera  Read Replies (2) of 33421
 
Hi Hawk, the Long term MSFT chart does look like it could
have another leg down. I think that you've mentioned a
very important theme...... what some of these tech companies
are doing with their options programs.

Dell is one example, 99% of free cash flow went to servicing
option cost in Q1 of this year, I believe. I have a couple
of article on this I'll post, and maybe we can explore
this issue a bit more.

we are seeing market cap and PE's deflate every day,
it's been the theme since March of 2000.

MERQ,EMC,BRCD, DOX, VRTS and many others have been good
examples this past week.

John
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