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

To: Doug Fowler who wrote (4410)	12/20/1997 2:59:00 AM
From: DarrenS	Read Replies (1) \| Respond to of 74651

Did anyone buy april 110 puts, they have tripled since I suggested them!?

To: Doug Fowler who wrote (4410)	12/20/1997 12:57:00 PM
From: Ex-INTCfan	Respond to of 74651

Doug, I said in my post that I thought Microsoft was a tad overpriced. My reasons for view are the slowing earnings growth you reference, in combination with the fact that some of the businesses they are getting into do not seem to justify a high multiple. As I said, I'm not worried about their problems with the gov't. You overestimate hatred of Microsoft. When people such as yourself say negative things about them, I believe it often is a combination of respect and jealousy that comes out sounding like hatred. Many of the computer geeks you reference are shareholders of Microsoft, and have been for some time. These people should call Dr. Laura if they need to vent. She'll straighten them out. Success in business doesn't come from being timid. They walk the line, and they do it well. If they weren't p---ing off gov't agencies, I would start to worry that they weren't being aggressive enough. You don't factor into your thinking the compensation plan at Microsoft. The stock price HAS to increase to continue to attract and keep employees. Everyone who works there is absolutely DRIVEN by the stock price. They can quote it to you within a half point at any time of the day. They pester each other mercilessly to make sure that everyone is giving their all. Aside from that you have the industry itself, which you admit is continuing to grow. The general investing public suffers from myopia when it comes to the PC industry. All they can think about is what is going to happen next year. If you think ahead 20 years, your perspective on their value will change. I'm talking about major technological changes worldwide -- not just PC upgrades in the US. I don't give a rat's butt what will happen to a company's earnings in one year, as long as they are on the right 20 year track. As for why I left -- leaving Microsoft was one of the stupidest things I ever did in my life. There were personal reasons behind it, which I don't really care to get into in a public forum. If I had to do it all over again, I would have stayed, and retired five years from now at the age of 44.