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

To: johnd who wrote (43934)	4/30/2000 1:03:00 PM
From: Valley Girl	Respond to of 74651

I'm very confused by this series of posts. John, you say "6 months 24 months" in the same sentence! I checked the acquisition and your date of Jan 7, 2000 is correct. So the clock runs from that date. Question now is when does it run down, in July or in 2002? Does anyone know for sure? MSFT activity buying back the stock would be a strong plus right now.

To: johnd who wrote (43934)	4/30/2000 4:38:00 PM
From: Thunder	Read Replies (1) \| Respond to of 74651

NEW YORK (CBS.MW) -- Microsoft is expected to be a big buyer of its own shares starting June 8, once a deal-related lock-up period expires on June 7, a New York Times column suggested on Sunday. cbs.marketwatch.com Best regards, Gary

To: johnd who wrote (43934)	4/30/2000 5:37:00 PM
From: Sir Francis Drake	Read Replies (1) \| Respond to of 74651

johnd - the "dilution" mentioned has two sources. First, any addition of shares to the pool is dilutive (unless used for accretive acquisitions). MSFT's employee options when exercised add to the pool - the dilutive effect. In the past, MSFT was able to counter a lot of that by buying back shares. Now that they are unable to do so (for a time), the dilution will hit full force. Second, is the issue of the warrants. The way MSFT has structured this is that if the option runs against them, they have the choice of either paying off in cash, or, paying off in equivalent shares. Should they choose the latter, that again adds to the pool - hence the dilutive effect. Re: 6 months, here are the rules w/ all the exceptions etc. -- 204.192.28.3 Morgan