How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 483.69

+1.1%

Dec 11 3:59 PM EST

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To: johnd who wrote (14471)	1/18/1999 1:50:00 PM
From: t2	of 74651

Company bought back about 20 million shares at $105 price. Note that price : $105. That is about where the company thought it was fair price to buy. The company did not know how to value its stock. They did not buy back at all in a quarter in last year(Sept 97 or Jan 98--I am not sure which). Why did they start now, when the stock has more than doubled? I think they have started a policy to buy back shares every quarter---a sort of dollar cost averaging.

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