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To: Bill Harmond who wrote (24849)	11/7/1998 12:08:00 AM
From: Techie	Read Replies (1) \| Respond to of 164685

He seemed to think it was overpriced for similar reasons as I posted earlier. The article you enclosed points out the importance of infrastructure. The publisher of Forbes was the next guy interviewed and he was bearish on MSFT. His main argument was MSFT isn't going to double or triple in market cap (a major historical advantage) anytime soon. Therefore they will have to pay more competitive salaries going forward. Apparently they now pay up to 30% below market rates. Therefore the impact to bottom line etc... He also pointed out the usual arguments you hear about their future growth prospects etc...