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Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?

To: RTev who wrote (25592)	7/7/1999 1:15:00 AM
From: Uncle Frank	Respond to of 74651

>> They're a marketing company that's built its admirable business on bad technology sold to people who don't care. Largely true, RTev, but don't you think they picked up some talent with nscp? I have to admit to harboring a preference for Navigator over IE. Frank

To: RTev who wrote (25592)	7/7/1999 4:03:00 PM
From: RTev	Read Replies (1) \| Respond to of 74651

In an article in this afternoon's paper, The Seattle Times calculates the value of all stock sales made by Gates and Allen since Microsoft went public. Contrary to what seems to be widely-held belief, Gates has actually sold slightly more of his holdings than Allen. (But a smaller percentage since Gates took a larger stake in the company than his partner.) Over years, Gates, Allen cashed in $14.7 billion in M'soft stock seattletimes.com Each has cashed in on Microsoft's success on a consistent basis throughout the years. Gates has sold stock valued at more than $7.6 billion, while Allen has sold stock valued at more than $7 billion. Gates has made more than 1,475 separate transactions; Allen more than 900. Gates, the Microsoft chairman, made one of his largest stock sales ever in late April. He sold 9.9 million shares at an average price of $86 a share, taking a staggering $851.4 million in one sale. ... Besides his investments, Gates has transferred millions of shares of stock to schools and his two foundations, and made other gifts. While he is required to report the stock transfers and gifts, no value usually is reported. ... A new factor in the Microsoft wealth calculations is that Gates and his wife, Melinda, are beginning to follow through on a pledge to give much of their fortune away. The Gateses have made one of the largest charitable gifts ever, donating $5 billion in Microsoft stock to the William H. Gates Foundation. In February, the couple gave $3.3 billion to the foundation and its sister charity, the Gates Learning Foundation. Like the February gift, the most recent donation is thought to be the largest ever by a living donor. The most recent gift gives the William H. Gates Foundation more than $10 billion in assets.