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To: GST who wrote (143459)	6/27/2002 4:36:01 PM
From: H James Morris	Respond to of 164684

Gst, a profit is a profit. As long as you pay your short term capital gains tax when its due it doesn't bother me at all. Btw Have you ever thought about buying PG : PROCTER & GAMBLE (NYSE) calls and using the leverage?

To: GST who wrote (143459)	6/28/2002 3:56:09 PM
From: H James Morris	Respond to of 164684

Don't think that MSFT is out for the count. Sure it had 75% revenue growth in 1997, but 15% revenue growth is ok considering we're in a new economy. Friday, June 28, 2002 BLOOMBERG NEWS BEIJING -- Microsoft Corp. said yesterday it will invest $750 million in China in the next three years on education, research and hardware manufacturing as the world's most populous nation seeks to develop its Internet services. It's the biggest software investment in China by a foreign company, according to Microsoft and the State Development Planning Commission, a government body that oversees policy decisions ranging from the purchase of Boeing planes to hydroelectric dams and computer technology. While China seeks to develop its software industry, authorities remain guarded about access to the Internet. The government hinted that it may be looking for ways to strengthen monitoring of Internet use by groups it deems subversive, such as the Falun Gong spiritual movement. "This agreement will give a much-needed boost to China's information security," the Planning Commission said in a Chinese-language press release. Microsoft said it will invest another $24 million in the "Great Wall Plan," a project with five universities to improve software education and research. "Microsoft is delighted to extend our relationship with China and to further the development of a strong, sustainable software industry for the benefit of everyone in the country," Chief Executive Steve Ballmer said at a press conference in Beijing. Microsoft's sales in China have been hurt by software piracy. About 93 percent of all U.S. software used in China is counterfeit, costing companies $659 million in 2000, according to a report by the International Intellectual Property Alliance, an industry trade group. Microsoft plans to work with Chinese software companies to develop software, and China's Planning Commission will recommend which companies can work with Micro- soft. Microsoft has agreements with Chinese computer manufacturers such as Legend Holdings Ltd. and Tsinghua Tongfang Co. to pre-install its Windows 98 software on its computers. TCL Corp. also will use Microsoft software as the operating system for its mobile phones.