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

To: John F. Dowd who wrote (31444)	11/1/1999 12:01:00 PM
From: Michael Bakunin	Read Replies (1) \| Respond to of 74651

I'll focus on the ruling and market reaction. Speculation about legality, antitrust, competition, or ethics won't help me trade. It seems clear how judge Jackson feels. Questions: one, does he ignore appeals, or craft a moderate, appeal-proof ruling? Two, how does the market react? I estimate he is highly sensitive to being overruled (again) on appeal, and wants to issue as bulletproof a ruling as possible. His findings are hard to overturn, but legal interpretations will be fair game. Therefore, I expect his FOF to be extremely anti-Microsoft, but for the ruling, barring settlement, to be quite moderate. I expect the market to be surprised by both. These predictions are eminently testable, and I've put money behind them. Cheers, -mb