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Technology Stocks : InfoSpace (INSP): Where GNET went! -- Ignore unavailable to you. Want to Upgrade?

To: tahoe_bound who wrote (19294)	5/23/2000 9:21:00 PM
From: tahoe_bound	Respond to of 28311

Paul Allen article Microsoft's Paul Allen files to sell $75.8 mln in stock WASHINGTON, May 23 (Reuters) - Microsoft Corp. <MSFT.O> co-founder Paul Allen sold $3.4 billion of the software giant's stock since mid-February and plans to sell $75.8 million more for diversification, his spokeswoman said on Tuesday. Allen unloaded 35.5 million common shares valued at $3.4 billion between Feb. 16 and March 7, according to a filing he recently made with the Securities and Exchange Commission. Microsoft shares closed on Monday at 63-3/16, down 1, on Nasdaq. The stock was at 97-5/8 on Feb. 16 when Allen was selling. His biggest one-day sale in that period occurred on March 6 when he unloaded 6.46 million shares for more than $594 million. In addition to the stock he has already sold, Allen plans to sell 1.085 million more shares worth $75.8 million, the SEC document showed. Allen "routinely divests of some portion of his Microsoft shares for the diversification of his overall portfolio," said his spokeswoman, Susan Pierson Brown. Allen currently owns a 4.1 percent stake in Microsoft and is the company's third largest shareholder, she said.

To: tahoe_bound who wrote (19294)	5/23/2000 9:59:00 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 28311

Well, I have to admit that the plunge protection team wasn't on duty today. From the comments of a few TA gurus I have a lot of respect for, we should see a market bottom by the end of May. The question is what level the indices will need to be at before we get a capitulation sell-off and some of that $2 Trillion in money market funds starts getting redeployed back into equities. Further comments that may assist GNET is that folks who spoke at the Technical Analysis seminar in Atlanta over the weekend apparently believe that we're in for a new paradigm relative to valuing stocks. Instead of pure TA, we'll be seeing more of a hybrid of TA and Fundamental Analysis, where the focus will be on companies that have not only earnings, but strong earnings growth. If GNET can continue to maintain its pace of profitability over the coming quarters, we may finally see Russell and crew receiving the respect they deserve. My TA now indicates that we are likely to retrace to October, 1999 levels, and maybe through them on a capitulation sell-off. And then a rally in the summer as people get set for the next quarterly pension funding in July. I hope that I'm wrong on the former and right on the latter. Regards, Ron