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

To: Daniel W. Koehler who wrote (43989)	4/30/2000 8:32:00 PM
From: t2	Read Replies (2) \| Respond to of 74651

Microsoft cannot buy back stock until June - NYT Well this story explains the buyback. Time to load up may be now. I am certainly looking to add in mid to late May as well. This is bullish news on the stock. Here is the complete story. biz.yahoo.com Sunday April 30, 5:05 pm Eastern Time Microsoft cannot buy back stock until June - NYT NEW YORK, April 30 (Reuters) - Any near-term rebound in the Microsoft Corp.'s (NasdaqNM:MSFT - news) stock price will have to take place without repurchases by Microsoft itself, which is not free to buy back its own shares until June, the New York Times said on Sunday. The Redmond, Wash.-based company's $1.5 billion purchase of diagraming software maker Visio Corp. last January took Microsoft out of the market to buy back its own stock for six months because the deal used a pooling-of-interests method of accounting, the Times reported. That restriction expires June 7. ``Microsoft's absence from the market helps explain why the shares have behaved so dismally,'' down 11.6 percent to close Friday at $69.75, the paper reported. ``The company is likely to come roaring back into the market on June 8.'' However, offsetting the positive impact of potential share buybacks are bets the company has made that its stock price would continue to soar. The Times report noted that ``put warrants,'' set to expire in June and priced between $69 and $78, could force the company to pay out in either cash or stock. A put warrant grants the holder the right to sell shares at a specified price by a specified date, and in general favours the warrant seller if the price is moving upward. Microsoft's stock has fallen as the government pursued its antitrust case against the company. Although Friday, after the government confirmed it was seeking to split the company, Microsoft shares rose 2 in after-hours trading after closing nearly unchanged at 69-3/4 on Friday. Microsoft officials could not be reached for comment on the story.

To: Daniel W. Koehler who wrote (43989)	4/30/2000 8:34:00 PM
From: JC Jaros	Read Replies (1) \| Respond to of 74651

I'm sorry that I impugned the literacy of the MSFT thread. Obviously that was wrong. You've read every one of my posts. --- I didn't mean to hurt anyone's feelings and I don't mean to reflect badly on Gerald. It's just that nobody answered that fellow's question asking if anyone here actually 'read' any of the Federal Government's public documentation. --- I replied too hastily. I'll make every attempt to be less arbitrary. --- You all needn't feel compelled to deny your militia, though. I'm not some ATF agent or anything. I just came for your money. <g> -JCJ