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

To: Curtis Frazier who wrote (13127)12/11/1998 1:22:00 PM
From: Technologyguy  Respond to of 74651
 
The preferred shares were designed to attract investors who are more risk averse. They have an appreciation cap, are guaranteed not to be worth less than purchase price and pay dividends, I believe. More for the retired investor wanting more certainty than the long-term growth investor.



To: Curtis Frazier who wrote (13127)12/12/1998 8:49:00 AM
From: Reginald Middleton  Respond to of 74651
 
The preferred have a price appreciation cap, so are less valuable in an appreciative environment.


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