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

To: Dennis Conner who wrote (27438)7/27/1999 10:26:00 PM
From: alias  Read Replies (1) | Respond to of 74651
 
For as long as I can remember (last 5 years or so) MSFT has always dipped below July pricing in August. We may or may not be in the August dip already.



To: Dennis Conner who wrote (27438)7/28/1999 8:56:00 AM
From: John F. Dowd  Respond to of 74651
 
Dennis: I think that is at least one of the major factors here if not the major factor. It has long been a complaint that MSFT's option program is oft times the tail that wags the dog. On the other hand it is a way of introducing new (albeit dilutive) capital into MSFT on a continuing basis while attracting top talent. I wonder when this factor will become unmanageable if ever? JFD


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