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To: MulhollandDrive who wrote (30279)9/23/1999 3:28:00 PM
From: DMaA  Read Replies (5) | Respond to of 93625
 
OT: Can anyone confirm this moron's statement?

Briefing.com

15:00 ET Dow -14, Nasdaq -30, S&P -4.96: Call it the "Ballmer Effect"... Nasdaq had battled back from a 27-point deficit, and then an interview hit the wires, quoting Microsoft President,Steve Ballmer, as saying "There's such an overvaluation of tech stocks, it's absurd. And I'd put our company's stock in that category..."Ever since, market seems to have been walking on eggshells, unable to follow through with earlier recovery efforts as an integral leadership group-- the big-cap tech stocks-- has gone on the defensive..