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To: barry fowler who wrote (12121)9/25/1999 9:11:00 AM
From: MeDroogies  Read Replies (1) | Respond to of 19079
 
Not really. MSFT stock would likely get hammered if they bought into companies that have 250 PE ratios or NO PE ratio to speak of. Why would Bill risk his company's value to leverage his way onto the net when he can do it on the cheap?
You'd say that "their stock got hammered anyway on the basis of this statement". I think purchasing an AMZN (just as an example) wouldn't bring any interest from the DOJ, but WOULD damage their consolidated statemtent tremendously. OTOH, if AMZN were trading at, say 50 (a more consumable price) and MSFT were trading at 60 (more realistic) - who got hurt more, who has more cash and who's income statement would be less bloody?