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To: Glenn D. Rudolph who wrote (78668)	9/26/1999 2:33:00 PM
From: Eric Wells	Read Replies (2) \| Respond to of 164684

Glenn - but as it states in the article, Ballmer has been making such comments for quite some time - and the market has never gone down on his comments in the past. I don't believe Ballmer made the comment in an effort to knock the market down - nor do I beleive that he thought his words would have such impact. But you seem to be suggesting that you think he intentionally made the comments to knock the market down. Whether Ballmer knows more about the true valuation of technology stocks than do a bunch of Wall Street analysts is a matter for debate. I, personally, would put more faith in Ballmer's statements of overvaluation than analysts statements of undervaluation. But we could argue this forever. The truth is that technology stocks took a big dive on Thursday. We don't know if this dive was due to Ballmer's remarks or not - however, we do know that after the fact, the press linked the dive to Ballmer's remarks. And we don't know if Ballmer had intended to try to knock the market down with his remarks - I don't believe he had this intent. Do you? Thanks, -Eric

To: Glenn D. Rudolph who wrote (78668)	9/26/1999 3:16:00 PM
From: H James Morris	Read Replies (1) \| Respond to of 164684

Glenn, sometimes I question your reading skills. >>However, he made reference to the entire market as though he is a specialist on the market as a whole. << Ballmer DID NOT make reference to the entire market as a whole. >>The excitement came in the question-and-answer period, in which Mr. Ballmer -- responding to a question about what story isn't being covered these days -- opined that "there's such an overvaluation of tech stocks it's absurd" and added that "I'd put our company's stock in that category."<< DO YOU THINK BALLMER WAS REFERING TO P&G?? He was probably talking about TECH STOCKS that never have had any earnings. Have you looked at Phcm lately?