How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 478.53

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Dec 12 9:30 AM EST

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To: Flair who wrote (4767)	1/23/1998 1:35:00 AM
From: Flair	Read Replies (2) of 74651

All, "Microsoft declines comment on BT rumors" Reuters Story - January 23, 1998 00:07 SEATTLE, Jan 22 (Reuters) - Microsoft Corp declined comment on Thursday on market rumors that the company was considering a bid for British Telecommunications Plc . "We don't comment on rumors," a spokeswoman for the Redmond, Wash.-based software giant said. One industry analyst said the rumor sounded extremely unlikely, noting that past Microsoft acquisitions have been confined to the computer software industry. He said it was possible Microsoft was in discussions with the British giant over ways to speed Internet access through emerging technologies such as digital subscriber lines. The biggest acquisition Microsoft ever attempted was a $2 billion deal to purchase rival software maker Intuit Inc , which was dropped after the U.S. Justice Department objected on antitrust grounds. British Telecom has a market capitalization of about 36 billion pounds or $60 billion. British Telecom shares surged Thursday on takeover speculation that also mentioned AT&T Corp . and other U.S. telecommunications companies as potential buyers.

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