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

To: ed who wrote (14560)	1/19/1999 1:06:00 AM
From: t2	Read Replies (2) \| Respond to of 74651

RE: MSFT share repurchases. They had the worst advisers for their share repurchase plans---that is on the open market. (equity puts are were great) They did not repurchase shares in the DEC 97 quarter(i believe) and another quarter sometime last year. Bad moves. This could have been one of the reasons why the stock did not move up after earnings last year at this time. My guess is that they are doing "dollar cost averaging" for their open market purchases nowadays. I think they have learned from their mistakes in the past. I am betting on a significant repurchase, which will be also be a bullish signal to investors. I saw the INTEL earnings release---they bought back a lot of shares. MSFT may have actually done a lot more buying due to the October lows. What are they going to do with all that cash anyways? Might as well reduce the outstanding shares!!! JMHO. I can see 160 already or higher tomorrow. (will settle for 155)