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

To: codawg who wrote (27106)	7/22/1999 12:48:00 PM
From: DiViT	Respond to of 74651

Remember that $300mm Microsoft invested in the Dutch cable company, United Pan-Europe Communications, in January? That investment is worth about $700 million now. How about the $500mm in NTL, the British cable operator, the same month? Now it's worth about $635 million. And the $600 million Microsoft invested in Nextel two months ago? Yep it up too at about $875 million. Here's the article: seattletimes.com Some snippets from the article: In the past fiscal year, Microsoft's investment portfolio has ballooned to $14.4 billion, a threefold jump. That number includes both new investments - such as the $5 billion Microsoft invested in AT&T in May - and gains in the market value of the publicly traded stocks the company owns. On top of that, investment income - money generated from dividends on their investments and from the sale of stock - jumped 156 percent to $1.8 billion. "From Microsoft's point of view, it's another layer of revenue," said Michael Kwatinetz, an analyst with Credit Suisse First Boston in New York. --- What's more impressive, though, is that Microsoft spent nearly $6 billion since April 1 in investments, but recouped nearly a third of that money by the time the quarter ended in cash generated from its core software business. --- Here's where they've been spending: seattletimes.com