To: randmiser who wrote (9286 ) 6/19/1998 2:31:00 PM From: PartyTime Respond to of 18444
You know what? I think people are still not paying enough attention to Laptop's Panasonic deal. Mobile laptops are the way of the future. If you want more info on all of this, check out a stock called Metricom (MCOM). I owned it once, and would own some more of it today. But thanks to Wired and Stock Detective, my holdings got trapped in the Zulu red zone. I've had no room to wiggle. And you wonder why I want to sue 'em! Heck, I could be happily invested in MCOM, which has developed a system to hook laptop computers to the internet without a telephone. Is MCOM groovy? Well, just ask Paul Allen. He paid attention to laptop computers. Should we? No, we've argued with Jon Tara on other things. Don't let him create the topics anymore. And incidentally, we are not the same: Stick with me! Interesting story here, below: Microsoft Co-Founder Paul Allen Sells $681 Million of Stock Washington, June 12 (Bloomberg) -- Paul G. Allen, Microsoft Corp.'s co-founder and second-biggest shareholder, sold $681.5 million worth of the software maker's stock last month, regulatory filings show. Allen, 45, sold 7.8 million shares for between $83.50 and $90.50 each from May 1 to May 26, according to Form 4 reports of insider sales that Allen filed with the U.S. Securities and Exchange Commission. He divests Microsoft shares routinely on a quarterly basis,'' said Susan Pierson, director of communications for Vulcan Ventures Inc., Allen's investment company. Pierson said the sales are for ''diversification of his overall portfolio.'' The filing said Allen still holds 157.3 million Microsoft shares, or 6.4 percent of the almost 2.5 billion shares Microsoft reported outstanding as of April 30. The company's shares rose 7/16 to close at 85 3/4, making his stake worth $13.5 billion. While no longer involved in running Microsoft, Allen remains a board member. He also holds major stakes in USA Networks Inc., a cable television broadcaster; Dreamworks SKG, a film and media company; Cnet Inc., an Internet publisher and online service provider; Metricom Inc., a maker of wireless computer communications systems; and other companies. Allen owns the Seattle Seahawks football team and Portland Trail Blazers basketball team. Through Vulcan Ventures he invests in startup computer and technology companies as well. Forbes magazine last September ranked Allen as the third richest American after fellow Microsoft founder and Chairman Bill Gates and investor Warren Buffett. The magazine estimated Gates' wealth at $40 billion and Allen's at $17 billion -- although those figures are outdated since Microsoft stock has risen about 30 percent since the end of September. In a separate Form 4 also released by the SEC yesterday, Gates disclosed selling 130,000 Microsoft shares on May 1 and May 14, reaping $11.7 million before expenses. This is part of Bill's normal program of stock selling that is done for prudent diversification of his portfolio,'' said Microsoft spokesman Tom Pilla. Gates now holds 524.6 million shares, worth $45 billion at the current price and comprising 21 percent of the company's outstanding common shares. 18:37:12 06/12/1998