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

To: Sam Asava who wrote (37319)	2/1/2000 2:23:00 AM
From: Jim Lamb	Respond to of 74651

Gates: No media mergers for Microsoft By The Associated Press Special to CNET News.com January 31, 2000, 10:10 p.m. PT Bill Gates told world business leaders today that Microsoft will refrain from the trend of media mergers and stick to creating software. Steve Case, chief executive of America Online, said his company's blockbuster merger with Time Warner would enable them to use new technologies to create "compelling" consumer services they would have been unable to develop as single companies. Gates and Case spoke at a panel discussion as the six-day World Economic Forum shifted its focus to the future of the Internet, and continued with debates on ways to narrow the gap between rich and poor nations. Case said AOL and Time Warner wanted to continue building bridges to make telephones, televisions and computers work better together. "The next step is trying to think through from a consumer standpoint what is the best way to use these new devices to take advantage of new networks," Case said. Then, the company could build services that "really can improve people's lives." Gates congratulated Case on the merger announced earlier this month, but said Microsoft wasn't planning any media takeovers of its own. "The strategy that my company is pursuing has really been the same for the last 25 years," Gates said. "It would be fun to own a movie studio, but I don't have any expertise, so we're going to stay away from that. "Instead, I think there's room for a company who's main goal is to create software and allow that software to be a very empowering tool," he said. Copyright ¸ 2000 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

To: Sam Asava who wrote (37319)	2/1/2000 3:10:00 AM
From: Dell-icious	Respond to of 74651

because it would be worth very little to you. if you owned 150 shares of MSFT - you would get 1 share of EXPE at today's closing price.