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

To: ed who wrote (13936)	1/7/1999 3:00:00 PM
From: Paul K	Respond to of 74651

Pepsi's Weatherup, Microsoft's Maffei Slated to Join Starbucks Board of Directors Business Wire - January 07, 1999 11:19 SEATTLE--(BUSINESS WIRE)--Jan. 7, 1999--Starbucks Coffee Company (Nasdaq:SBUX) announced today that two outstanding business leaders have been nominated to join its Board of Directors. Pending approval from shareholders, Craig E. Weatherup, Chairman and CEO of Pepsi Bottling Group, and Gregory B. Maffei, CFO of Microsoft Corporation, will join the Board on February 23, 1999. "I am very excited that these talented executives have agreed to join our Board, and I believe both of them, with their diverse backgrounds, unique skills and experience, will add immediate and significant long-term value to our company," said Howard Schultz, Starbucks chairman and CEO. "We look forward to their contributions as we continue to build an enduring, global brand," continued Schultz. Jeffrey Brotman, Chairman, Costco Companies Inc., will step down from Starbucks Board effective February 23. He has served on the Board since 1989. "Jeff was a mentor to me even before he joined the Board," Schultz said. "During Starbucks formative years, his was the voice of experience, and he has continued to offer strategic counsel for the past 10 years. I sincerely appreciate Jeff's tremendous contributions that have helped shape Starbucks into the company it is today." Starbucks current board members include Schultz; Orin Smith, Starbucks president and COO; Howard Behar, president, Starbucks Coffee International; Barbara Bass, President, Gerson Bakar Foundation; Craig Foley, President, Wickham Capital Corp.; Brotman; Arlen Prentice, Co-Chairman and CEO of Kibble & Prentice, Inc.; and James G. Shennan, Jr., a general partner of Trinity Ventures, Inc. Starbucks Coffee Company is the leading retailer, roaster and brand of specialty coffee in North America. In addition to retail locations in North America, the United Kingdom and the Pacific Rim, Starbucks sells whole bean coffees through its specialty sales group, direct response business, supermarkets and on the worldwide web at www.starbucks.com. Additionally, through its joint venture partnerships, Starbucks produces and sells bottled Frappuccino(R) coffee drink and a line of premium ice creams. CONTACT: Starbucks Coffee Company Chris Gimbl, 206/749-8474 cgimbl@starbucks.com or businesswire.com NOD+ number is: 800/239-0317

To: ed who wrote (13936)	1/7/1999 3:24:00 PM
From: t2	Respond to of 74651

Ed, I am still holding on to some January options (I unloaded a lot though). Lots of February Calls. I think your bullish forecasts are achievable. I am a little more conservative in my numbers but I am not looking past the summer. I just want to make money in options and buy and hold the stock later.160 to 165 by earnings looks realistic to me. BTW, I noticed how some of the "bears" on CNBC (ex Ron Insana, Allan Chernoff, Bill Griffeth ) are trying to overplay the Abbey Cohen story (she reduced stock to 70 from 72 percent in her model portfolion ---big deal). She is still bullish. The only reason she had raised it to 72 (which is too high) was the prices in stocks were too good to pass up but 70% is very bullish (among the most bullish) on stocks.