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


To: blankmind who wrote (17955)3/13/1999 3:27:00 PM
From: t2  Respond to of 74651
 
Microsoft is making millions of $$'s on selling put options - on its own stock. Is this legal? Comes out to around $700 million a year in pure profit by selling these puts.

Is it any wonder that they try to talk down their stock all the time? They want a steady increase---I think a chart will prove that is what they accomplished. According CFO Greg Maffei (earlier this year), not even one put ever got excercised!!(check out investors relations on their home page).
It must be legal if they are doing it.



To: blankmind who wrote (17955)3/13/1999 3:37:00 PM
From: t2  Read Replies (1) | Respond to of 74651
 
Monday Bill Gates will be speaking along with reps from INTEL/NORTEL/Hewlett-packard on their new venture.

Later in the week, we should have the official word on the reorganization of the company.

Thursday we have the launch of IE 5.0.

Got 2 weeks to split.

There is way too much good news on the horizon for this stock not to climb up in a big way. It is a no-brainer.
I just can't imagine a price less than 170 by Friday. It could happen but I just can't imagine it-- investors must be smarter than that.
Next week we should reach the 180 point just before the split.



To: blankmind who wrote (17955)3/13/1999 4:18:00 PM
From: Jill  Read Replies (1) | Respond to of 74651
 
Selling put options on your own company: it is done all the time. Dell makes a lot of money that way too.
Jill