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

To: ed who wrote (30161)	9/26/1999 8:43:00 PM
From: werefrog	Read Replies (1) \| Respond to of 74651

The problem with today's market is rising interest rates. Quit posting misleading information you silly thing. MSFT is not being manipulated because it is not able to break through 96, you whimpering "NUT". Stocks go down in a rising interest rate enviroment. If the Fed raises rates again in October, you'll just have to get a bigger crying bucket as you're precious MSFT could test the $75-$76 area again at which time you will be relegated to "HOLD" & "HOPE" it recovers someday.

To: ed who wrote (30161)	9/26/1999 9:42:00 PM
From: edamo	Read Replies (1) \| Respond to of 74651

ed...re: balmer, ceo's, overvalued, etal... balmer was correct in stating that tech stocks including msft are overvalued. you can come up with any "metrics"(great new buzz word of the nineties) that you want, but the bottom line when a business is valued for purchase the price is determined by the cash outlay, and the return on this investment. if one were to buy all the outstanding shares of msft at the current market value, the business would not return enough to make the purchase viable. the price of the stock is based on the future perception of growth. the stock is not a reflection of the reality of the company. msft ceo was speaking in a contemperaneous fashion with validity. the new world of finance can make up any new parameters to "value" a business, but these "metrics" are only a way to "rationalize" the "value" of a company' share price, the new "metrics" are intangibles and violate the rules of "real" business. you can't buy something at a price so high that it prohibits you from turning a profit. all must learn to separate the company from the stock. ceo's run the company, the stock is run by what the open market on a daily basis think the future of the company is....no more, no less... ed a.