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

To: Gerald Walls who wrote (10197)	8/19/1998 4:12:00 PM
From: Bearded One	Read Replies (1) \| Respond to of 74651

What makes you think that I'm talking about current value? Everything I said assumes discounting over the life of the company. My belief is that over the future life of the company, Microsoft will never have 300 billion dollars in distributable assets, summed up. That is, if you pay $100 for a share of stock today, the total amount of money you will get back from Microsoft in any form will not be $100 in present value. So you can trade it to other people, and maybe even sell it for more that $100, but taking everybody other than Microsoft together as a unit, it's just people passing their own money around.