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

To: PMS Witch who wrote (46383)	6/10/2000 6:43:00 PM
From: t2	Respond to of 74651

If their inability to purchase has caused the price of stock to drop beyond where it would otherwise, wouldn't this enable Microsoft to buy more shares or pay less for the same number? Sure, but speculators and more importantly investors who want to get back in, may buy up the stock ahead of time anyways. Remember they have already repriced the employee stock options when the stock was about 65. I think they will do whatever it takes to push this stock. I think they issue annual employee options end of July but am not sure. If Microsoft is engaged in purchasing stock, wouldn't they expect to pay a lower price if they didn't alert the public first? Wouldn't announcing their intentions invite adversarial speculators? I think they mentioned that it would be a decision of the board to restart the share buybacks. I don't know if they are obligated to issue a press release. I don't believe they did in the past--it was just ongoing. They would skip some quarters and buy a lot more in others. Last year, they seemed pretty active in the buybacks. Helps EPS comparisons. IMHO, the stock will head higher as the stock buybacks start (or in anticipations of it). It will help in a big way---to support the stock.