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

To: PMS Witch who wrote (6509)	5/5/1998 10:45:00 AM
From: Brian Malloy	Respond to of 74651

PMS, When you think about it, it is great to know that Warren Buffett is a mentor to Bill Gates. Building value for the long term is what Bill Gates and MSFT are about. Glad to know you are a long term member of the MSFT family .<ggg> From Buffets current annual meeting "Buffett works hard at lowering expectations. He says size alone will keep Berkshire from duplicating its past successes. He likened his partnership wih Berkshire shareholders to a marriage. "When you think about the most important qualities in a spouse that make for a lasting marriage, Charlie [Munger] would say it's low expectations," says Buffett." Greg Maffi in the Fool Forum on 23 Apr "TomGardner: Warren Buffett reminded us in his annual letter to shareholders that if one is going to be a net buyer of stock over a prolonged period, they naturally should root for the prices to fall in the short-term. TomGardner: Now I couple this reminder with a poster in our forum who, playing the role of Oliver Stone, believes that every time Microsoft talks down future prospects, they're actually hoping to buy back their stock at a moderate discount being a net buyer going forward. Is he right, or should we medicate him? GMaffei MS: I always listen to Warren (he's a good friend of Bill's). There is some truth in your conspiracy -- NOT because we want to buy back the stock cheap, but because we believe in building LT value for the shareholders and employees. " Regards, Brian