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Strategies & Market Trends : Roger's 1997 Short Picks
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To: qdog who wrote (4272)7/24/1997 11:21:00 PM
From: John Dally   of 9285
 
qdog, here are some excerpts from today's WSJ:

"Steve Ballmer, Microsoft's executive vice president for sales and support and second only to Chairman Bill Gates in influence, said in an interview that sales and marketing expenses would grow faster than revenue for the first time in Microsoft's history. Mr. Ballmer said the company will also announce other spending increases at a meeting with financial analysts in Seattle Thursday."

"People will be disappointed," Mr. Ballmer said. "People were disappointed with our earnings. People will be disappointed with our earnings next year."

"Mr. Ballmer said the inflated stock price was "not healthy" for Microsoft shareholders in the long term. "Is our company really worth $180 billion? It's beyond my imagination spectrum," he said. "I don't think it's true. This is a fine company and a fine business and we're doing a fine job. But we're maybe not worth $180 billion yet."
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