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To: Stephen O who wrote (23650)11/21/1999 1:19:00 PM
From: Reginald Middleton  Respond to of 24154
 
This guys argument is weak. For one, the is attempting to blame MSFT for what he industry does (very much like the DOJ). Secondly, he has yet to make a strong case that the options actual valuation, if applied to economic cash flows, would yield a different share price valuation than the market does currently.

See a more practical explanation written two years ago:
rcmfinancial.com

I am going to post a break-up valuation of MSFT on the site and a detailed analysis of the finding of fact by next week. I want the Web world to see a more realistic view of events.