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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Tradelite who wrote (62835)	9/23/1999 3:40:00 PM
From: Autumn Henry	Read Replies (3) \| Respond to of 120523

It might be more valuable to ask: Don't you think he knew what he was doing? I bet he had a reason. Wouldn't it be better to spend time thinking about how to recognize and capitalize on this opportunity? I don't know where the apology comes in....for what? having an opinion that moves the market? A.

To: Tradelite who wrote (62835)	9/23/1999 3:59:00 PM
From: Investor Clouseau	Respond to of 120523

(REUTERS) Microsoft Pres. calls tech stock values "absurd" Microsoft Pres. calls tech stock values "absurd" SEATTLE, Sept 23 (Reuters) - Microsoft Corp. <MSFT.O> President Steve Ballmer on Thursday said valuations on technology stocks have reached "absurd" levels, and even his own company's shares may be overvalued. "There is such an overvaluation of technology stocks, it is absurd," Ballmer said to a group of journalists here at a technology conference being given by the Society of American Business Editors and Writers. "I could put our own company and others in that category." Ballmer's comment came in response to a question about which stories are undercovered by the business media. Asked then what Microsoft's stock price should be, he said, "less." "I used to believe in the theory of perfect markets, but I no longer believe that," he added. Microsoft shares were off $4 at $92.06 in late-afternoon trading on the Nasdaq market. Ballmer's presentation to business writers included a general overview of Microsoft and the growing importance of the Internet in its future business strategy. He said he saw the office software business evolving to a service model in which users would take only certain features over the Internet. ((Los Angeles newsdesk, 213-380-2014, fax 213-622-0056)) REUTERS * end of story *