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


To: John F. Dowd who wrote (30275)9/29/1999 3:19:00 PM
From: Claude Cormier  Read Replies (1) | Respond to of 74651
 
BILL GATES buys in Pan Am Silver:

The New York Times reports in a lead business story in its Wednesday edition that Bill Gates, the world's richest man and the chairman of Microsoft, has bought 10.3 per cent of Pan American Silver, a tiny silver mining company based in Vancouver. Reporter Gretchen Morgenson says the $15-million (U.S.) investment, made by Cascade Investment LLC, one of Mr. Gates's personal investing companies, was made public in a filing with the Securities and Exchange Commission on Tuesday. Although Mr. Gates's investment in Pan American Silver is only a fraction of his net worth, it is nevertheless a significant vote of confidence in the metals markets. News of Mr. Gates's purchase comes at a time when precious metals prices are jumping. On Tuesday, the price of gold rose 9 per cent, the biggest gain in almost two decades. Mr. Gates's investment in silver places him in the company of Warren Buffett, often referred to as the sage of Omaha for his investing success over the years.

Could Bill gates next move be a direct invetsment in silver like Buffet did ? Time will tell.

Find out about our favorite silver investment.

Claude Cormier
The Ormetal Report
ormetal.com



To: John F. Dowd who wrote (30275)9/29/1999 11:03:00 PM
From: t2  Read Replies (2) | Respond to of 74651
 
JFD, As far as i am concerned, this case will be over before too long. Even if we get a negative verdict, it would not result in harsh penalties, IMHO. Then there is the appeals courts.
Jackson is the same guy who last December said that the AOL/Netscape deal changes everything (i don't remember his exact words).

For now MSFT stock seems to be stuck in a bit of a rut. Maybe many investors think that the current time could be used to play other stocks and that there is plenty of time to get back in MSFT.
It is only a matter of a short time before this one moves up.