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

To: Jon Stept who wrote (30069)	9/24/1999 4:06:00 PM
From: XiaoYao	Read Replies (1) \| Respond to of 74651

Like I said before, I don't really know why he said that. But shareholder value is enhanced by company's performance. His words along can't enhance nor destroy shareholder value. Executives in Microsoft had been talked down its stocks to lower expectation and try to smooth the growth of the stock for many years. I would rather MSFT increasing 5% each quarter than up 50% in one quarter then down 30% in another. The steady growth also helps Microsoft to use stock option to attract new talent, so it could say it helps shareholder's long term value. Of course, if you want to sell some for cash in the very near future, like I am planing, it didn't help.

To: Jon Stept who wrote (30069)	9/24/1999 4:25:00 PM
From: codawg	Respond to of 74651

This type statement from Ballmer and other Microsoft execs is not new. Like it or not, this has been done regularly and seems to have been effective at enhancing shareholder value. I remember 2 years ago in July of 1997 when Brown or Gates said that Softie shares were overvalued and that the co. hadn't been purchasing any. The stock took a hit big despite stellar earnings, but it seems to have rebounded nicely. Up about 200% since then. My guess is that their goal is to continue a steady increase in the stock, and avoid the type of volatility that overvaluation can cause. I wish they'd let the stock run it's course, but it's hard to argue with the positive results. And let's put to bed once and for all the idea that Ballmer caused the massive sell-off in the tech sector. Typical CNBC BS and for some reason everyone believes it. He brought the Naz down 20 points (2 points for MSFT). The rest was caused by the market's need to go down and other factors.