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To: Defrocked who wrote (63823)	9/23/1999 1:47:00 PM
From: B.REVERE	Read Replies (1) \| Respond to of 86076

A break in the media circus bs... Microsoft's Ballmer Says Its Shares and Other Tech Stocks Are Overvalued By David Ward Microsoft President Ballmer Says Tech Stocks Are Overvalued Seattle, Sept. 23 (Bloomberg) -- Microsoft Corp. President Steve Ballmer said he thinks technology stocks are overvalued, including the shares of his company, the world's largest software maker. ''There's such an overvaluation of tech stocks it's absurd,'' Ballmer said at a conference of the Society of American Business Editors and Writers. ''And I'd put our company's stock in that category.'' Ballmer said that a ''gold rush'' mentality had pushed up technology stock prices beyond their value. ''In a way it's a bad thing for the long-term health of the economy,'' he said. ''Anything that's false is bad.'' Ballmer said that the high stock valuations, which push up the compensation of technology company executives who are often paid in stock and options, made it harder for companies to hire good people. The media contributes to the problem by portraying the technology industry in terms of a ''gold rush,'' he said. ''The story that gets written is, isn't it great to live in California in 1849, I mean 1999,'' Ballmer said.