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

To: Dell-icious who wrote (42213)	4/16/2000 1:15:00 PM
From: Harvey Allen	Read Replies (1) \| Respond to of 74651

Dell-icious- If Microsoft buys a Put share monday for $100 and the current market price is $75. then the $25. difference is subtracted from earnings. Multiply that by 100,000,000 put shares outstanding (my guess) and you've got a 2 1/2 billion charge against earnings. I doubt they bought any puts back. They've been surprised by this downturn like everyone else. Even if they did the difference in price from what the puts sold for to what they bought back at still gets charged against earnings. They just don't have to shell out as much cash as they would to buy the stock outright. Harvey P.S. I'm writing this with Netscape 6 Preview. Very nice.