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

To: Frederick Smart who wrote (29547)	9/15/1999 5:33:00 PM
From: Gerald Walls	Read Replies (1) \| Respond to of 74651

Comments anyone? No, but a question. Why did you feel that you had to come here from the Novell thread and start throwing rocks?

To: Frederick Smart who wrote (29547)	9/15/1999 5:49:00 PM
From: Michael Bakunin	Respond to of 74651

No friend either of Microsquash's technology or its business practices, I nevertheless think your view misstates a case that is bad enough without exaggeration. At June end, there were 160 million put warrants out (cf microsoft.com on a stock with 25 million shares traded daily and 5 billion outstanding. While the likely 160 million share hedge probably bolsters the stock price a bit, I don't think that alone maintains the dike. Include other factors, from merely sinister monopoly rents to the truly distressing tax deduction for options exercise, and you have a scary situation that doesn't necessitate conspiracy theories. -mb