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

To: Hal Rubel who wrote (8628)	6/24/1998 3:01:00 PM
From: Alan Buckley	Respond to of 74651

[Incidently, this past week, there was an article in the Los Angeles Times about how banks found themselves working more closely with Microsoft in internet banking and how they were becoming increasingly alarmed and worried about Microsoft's intentions. Will internet banking eventually be "folded" into the OS?] Several years ago, Gates made an off-hand remark about how the computer systems used in banks are "dinosaurs". This was interpreted by some to mean that the banks themselves are dinosaurs, which Gates has since said was not what he meant. Certain bankers have been scared to death of MSFT ever since. IMO, yes, Internet banking software will be built into Windows in the future. MSFT will not buy or become a bank. They just want to sell the banks on Windows to replace all that IBM equipment many of them have now. Banks are among the truest of the blue. This is not bad for all banks, only for reactionary banks. In fact, I bought a stake in Wells Fargo (WFC) about a year ago because they are more committed to electronic banking than others. It's up nicely, though there have been other factors, too, of course.

To: Hal Rubel who wrote (8628)	6/24/1998 10:05:00 PM
From: Daniel W. Koehler	Read Replies (1) \| Respond to of 74651

Hal You obviously believe that the Government knows what's better for the market than the individuals making up the market. Silly statist shills like yourself always pontificate loudly that people who know better should make the rules and save every fallen sparrow from his own worst instincts. But so far I haven't seen any evidence that we proles - the guys who no one goes broke from underestimating our stupidity per your Mencken quote - asking for any help from government. We have sub $1000 computers and a thousand guys selling us everything from soup to nuts for them. And we still a have internet privacy rights. So far... But I do see a lot of whining and puling from competitors trying to get Uncle Sam to bushwack their competitors for them. Netscape Sun Oracle. Last time I checked, these guys were corporations and looking for a handout too. Haven't noticed any CITIZENS lining up outside Best Buy to sign a petition to sanction MSFT. Ah well, what do they know, poor lemmings. So, please spare me your misinformed and misguided sense of outrage at the free market. Unleashing the djinn of government will only unleash the law of unintended consequence - make the free market into a black market where the ineffective products are protected species and effective products are contraband. Daniel