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

To: jmac who wrote (29960)	9/23/1999 8:35:00 PM
From: taxman	Read Replies (1) \| Respond to of 74651

"Insiders can not make public statements about his own company's stock price which are intended or have the liklihood of moving the price of that stock." sounds good. did you make it up or do you have a citation? anyway here are some more statements which "have the liklihood of moving the price of that stock." regards Redmond, Washington, Sept. 23 (Bloomberg) -- Microsoft Corp. said it will offer its market-leading Office group of business software for rent or sale over the Web as the No. 1 software maker focuses its Internet activities on services. The Office group of word processing, spreadsheet and presentation software will be offered through bCentral, a new Web site to help small and growing companies start doing business online and market themselves, Microsoft President Steven Ballmer said. Microsoft's flagship Windows operating system also will be offered, Ballmer told analysts during a briefing in Seattle. Microsoft is intensifying its focus on providing Internet services for consumers and businesses through its MSN network of Web sites, which will include bCentral. The software powerhouse is taking on No. 1 online service America Online Inc. and Yahoo! Inc., the biggest Internet directory. ``You might make fewer dollars per unit, but you hope to see more units,' Ballmer said of the plans for offering software over the Web. ``I see upside for net revenue.' Microsoft will start offering Office over the Web ``sooner than you expect,' Ballmer said, declining to be more specific. He and other executives outlined Microsoft's Internet strategy for analysts at a briefing in Seattle. Redmond, Washington-based Microsoft will enhance the search function of its MSN network of Web sites to make it faster and more selective, Vice President Brad Chase said. MSN's online shopping service will be upgraded to provide more detailed information from sellers and manufacturers, he said, declining to say exactly when the improvements would be available. Online Chief Microsoft also presented its new head of online operations, Richard Belluzzo, who came to Microsoft from computer maker Silicon Graphics Inc. ``Our focus is about delivering an integrated experience to get things done, to get critical tasks done more efficiently than any other way ' Belluzzo said. ``New partnerships, new services, that's what the consumer business is about, not about home runs.' BCentral will bring together information from Microsoft's LinkExchange online marketing network for small and midsize companies, its Expedia travel-bookings site and its MSNBC news site. BCentral will be available in the U.S. starting Sept. 30, executives said. Redmond, Washington-based Microsoft said in March that almost 400,000 small businesses had used LinkExchange over the previous three months, making it the leading provider of online marketing services for such companies. The company's MSN Messenger instant messaging service, which lets users send e-mail in real time, will be linked more closely to MSN Mobile, a version of the network tailored to portable devices such as hand-held computers. Messenger will be adapted to Microsoft's Windows CE operating system for Internet devices; to its WebTV Networks, which links TV sets to personal computers; and to Apple Computer Inc.'s Macintosh operating system. Microsoft shares today fell 4 7/8 to 91 3/16. The shares fell after Ballmer told a conference in Seattle that technology stocks, including Microsoft's, are overvalued and the high prices could be bad for the health of the U.S. economy. ¸1999 Bloomberg L.P.