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Technology Stocks : MSFT Internet Explorer vs. NSCP Navigator

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To: Gerald R. Lampton who wrote (14061)11/12/1997 8:50:00 PM
From: Barron Von Hymen  Read Replies (1) of 24154
 
I agree that the fine of 1 mill per day would not impact MSFT's financial position that much, but what about their legal fees? I'm sure going against the DOJ with the finest lawyers isn't cheap.

Also how do you feel about current valuations of MSFT? A $20 decline is not that much when considering that MSFT trades at multiples to its future earnings expectations. Directors of the board at MSFT including Bill Gates have been dumping 100's of millions of shares since June, at the same time expressing concerns that the share price has gotten ahead of itself. So I agree that it is not overvalued based on risk of 1 mill fine imposed per day, but overvalued based on current and future litigation expenses.
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