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Technology Stocks : STEVE BALLMER MUST BE FIRED OR RESIGN -- Ignore unavailable to you. Want to Upgrade?

To: Nanchate who wrote (1)	9/23/1999 7:54:00 PM
From: Thomas M.	Respond to of 33

The truth hurts, eh? Tom

To: Nanchate who wrote (1)	9/24/1999 1:45:00 AM
From: Skeeter Bug	Respond to of 33

''In a way it's a bad thing for the long-term health of the economy,'' that is his concern and it is legit. why doesn't anybody itch when some ceo touts the ell out of the market. if saying overvalued isn't steve's job than neither is saying undervalued. but this isn't about being consistent. it is all about mindless greed. i just feel bad b/c the greedy folks will put a lot of innocents out of a job b4 this is over.

To: Nanchate who wrote (1)	9/24/1999 3:26:00 AM
From: Jeff Dryer	Respond to of 33

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. I tend to disagree with this. Maybe hiring is difficult for Microsoft. For many technology companies, it's not hard at all to hire good employees. For example, Go2Net has hired more than 100 incredible employees this year. 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.' I agree. Here are some comments I posted in response to Tim McCormick July 30, 1999: The Markets have been corrupted by many different forces. It is currently a complete joke and dangerous to the future of the U.S. economy. Everyone's expectations are so high now... many people expect 100% returns per year from their stock investing adventures. Many new MBA grads are turning down $100,000 per year jobs to work for a low salary and options at an Internet company and expect to become rich and retire within a couple years. Many people with successful careers and family can't stand missing out on the Internet craze any longer and are quitting their careers to join Internet companies too. Hundreds of Internet companies are going IPO that shouldn't be and at valuations that are insane. eToys valued at $8 billion on IPO day with less than $10 million in total revenue generated since inception? At some point, reality will set in. We will not only have a recession but an expectations depression. #reply-10721150