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

To: mozek who wrote (29931)	9/23/1999 6:44:00 PM
From: taxman	Read Replies (2) \| Respond to of 74651

"Steve has the company's health and long term shareholder value at the forefront of his motivation." a more accurate statement would be: Steve has his own health and his own net worth at the forefront of his motivation. better look out for yourself--noone else, including steve ballmer, will. regards

To: mozek who wrote (29931)	9/23/1999 6:47:00 PM
From: Jon Stept	Read Replies (2) \| Respond to of 74651

mozek- Trusting Steve.. Hi mozek, With all due respect, how? I mean the tech overvaluation has been a boon for Microsoft... no? They have been able to buy other companies due to their "overvalued" stock price... no? Microsoft, proudly strutting as the vanguard of the tech-revolution is going to shoot itself in the foot by reducing capital markets that increased stock prices bring? A big part of the tech revolution is the availability of startup capital to get companies the capital they need to thrive. Favorable capital markets are required... isn't this move by Microsoft contradictory to that? Or, has their tune changed? Just my opinion. Jon :)

To: mozek who wrote (29931)	9/24/1999 8:30:00 AM
From: nihil	Respond to of 74651

Anyone who can count will be able to determine how overvalued MSFT is. P/E/GR is perhaps 4 times too high. Unless Microsoft can grow earnings at accustomed rates for 20 years or so without growing revenue at accustomed rates it is finished as a growth stock sometime in the next few years. I believe this is impossible. When the P/E declines -- as it must, those who exited before the crash will be very happy and if they can explain why we will think them smart. This has been true for a number of years. Is any prepared to say that this is the crash? If it is, Balmer has just given us a wonderful opportunity to bail out with most of our profits. Let's say sell half today.