SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : America On-Line (AOL) -- Ignore unavailable to you. Want to Upgrade?


To: puborectalis who wrote (31588)9/26/1999 3:41:00 PM
From: puborectalis  Read Replies (5) | Respond to of 41369
 
Geez...two imbeciles!!.........Abelson agrees with Ballmer's comments-Barron's

NEW YORK, Sept 26 (Reuters) - Microsoft Corp.(NasdaqNM:MSFT - news) President
Steve Ballmer's recent reprimand of the media for its feeding of the technology ''gold rush''
frenzy is ''right on the money,'' according to Alan Abelson's ''Up and Down Wall Street''
column in Barron's September 27 issue.

On September 23, Ballmer told a gathering of business editors and writers that valuations on technology stocks have reached
''absurd'' levels.

His comments played a hand in rattling U.S. stocks, with the Dow falling 205 points and the Nasdaq posting its fourth-largest
point loss of 108.33 last Thursday following the comments.

In his column Abelson noted the recent press attention given to celebrating those who have become rich thanks to the
technology gold rush.