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

To: Jim Lamb who wrote (46295)	6/9/2000 8:48:00 AM
From: t2	Respond to of 74651

MSFT can buy back shares as of yesterday as per this Fool article. Jim, I think that article is wrong. Secondly -- and more importantly, in my opinion -- Microsoft's share buyback program was allowed to resume yesterday after a six-month hiatus. Microsoft has been forbidden to repurchase its shares since January shortly before the stock started its 50% drop, for reasons detailed in this excellent New York Times article (free registration required): For Now, Microsoft Can't Save Itself Note that they are refering to being forbidden to buyback shares since January. 6 months after a day in January would mean they can buy back in JULY at the earliers. I remember that we had a discussion on what i believe was a New York Times article back them. I still believe they got their math wrong---January 8 to June 8 is not 6 months, IMHO. <ggg>

To: Jim Lamb who wrote (46295)	6/9/2000 11:01:00 AM
From: t2	Read Replies (2) \| Respond to of 74651

Jim, A portfolio manager just stated JULY is when the buybacks can restart (on CNBC). I believe it was a manager from Stein Roe Younger Investors Fund. I am starting to feel that this inability to buyback shares have hurt this stock in a big way. We might have been in the 80s if buybacks were allowed to continue in these months. Investors would have maintain more confidence. The flip side of that is a rise in share price might be explosive, IMHO. My feeling is that this will happen before the share buybacks restart----investors (or traders) will buy ahead of this date! Therefore, we could see solid support in this stock in the coming weeks at these levels with a lot of upside.