How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 492.67

-2.9%

2:08 PM EST

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To: t2 who wrote (23079)	5/21/1999 5:31:00 PM
From: Sir Francis Drake	Read Replies (5) of 74651

Well, I guess now we know the exact bottom for MSFT price in the intermediate term. From the article t2K posted: <<To enhance its stock repurchase program, Microsoft sells put warrants to independent third parties. These put warrants entitle the holders to sell shares of Microsoft common stock to the Company on certain dates at specified prices, and permit a net-share settlement at the Company's option. On March 31, 1999, 163 million warrants were outstanding. The outstanding put warrants have strike prices ranging from $59 to $65 per share and maturities ranging from 6 to 36 months." >> MSFT has never had any options exercised against it. So what is the likelyhood it'll happen again. So, low of 65. Morgan

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