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

To: rudedog who wrote (44158)	5/3/2000 12:46:00 AM
From: PJ Strifas	Respond to of 74651

You know, I can understand the "everyone does it" arguement - why disadvantage yourself if the loophole is there and others are taking FULL advantage of it. The only problem with Parrish's remarks is when you go back and read Mr. Greenspan's remarks - you begin to see there might be something there worth looking at. Bill Parrish may just be an extremist in his views but with everyone's perspective there's always a glimmer of truth. What if all the high-tech companies are merely a great big "smoke-n-mirrors" play? What about the "false indications of inflation" that Mr. Greenspan speaks of in his speeches? I believe Mr. Greenspan has a good idea of what he's talking about when he worries over the inflated salaries and "paper millionaires" who are driving demand and growth in this economy. Fundamentally, there are some deep long term problems with the scenario and we need to take a longer look it. It won't be long before the Fed figures out that interest rates will NOT effect this "problem" and they turn to other measures. Tackling the very root of the problem (employee stock option plans) will be tops on thier list. After that, "pooling of interests" accounting rules will be next. At that point, this e-conomy boom will level off and it will be back to fundamentals. I don't mean to single out MSFT but they are the most visible of high-tech flyers and the most targeted (over 110 private lawsuits currenlty pending!). As for the price of software - it should be cheaper. In terms of the % of the price of a new PC, it has consistently increased over the last decade. You can not have me believe that the software has outpaced the exponential increases in "raw power" of PC components :) Then again, MSFT is only missing the kitchen sink :) Regards, Peter J Strifas