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Technology Stocks : WavePhore (WAVO)- VBI fed WaveTop for WebTV -- Ignore unavailable to you. Want to Upgrade?


To: ayn rand who wrote (1696)7/14/1998 7:57:00 PM
From: Instock  Respond to of 2843
 
Ron: MSFT takes small positions in hundreds of stocks! Does not mean much anymore. MSFT, like most everyone else, does not know what is going to work and what is not. They have so much cash at MSFT that they can take small positions in MANY stocks, just to have a hand in the stock and a bit of control.
Also, MSFT will sometimes trade buying shares in a stock in order to get some small piece of a companies technology for themselfs.

All of that aside, WAVO fundimentals stick. The technology does not sound so hot, at least not right now. The stock was run up 35% on Business Weeks mention of the stock at a time when Internet stocks were/are very hot. The herd of sheep jumped on and drove the price up without even looking good and hard at the stock of the company they were buying! IMO

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