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

To: t2 who wrote (18533)	3/22/1999 5:00:00 PM
From: Teflon	Read Replies (2) \| Respond to of 74651

Hey there t2k, busy day, hugh?? I think the market is hungry for some positive news...I get the feeling its at the end of its rope trying to keep positive momentum without good earnings stories to match. Any thoughts? Teflon

To: t2 who wrote (18533)	3/22/1999 5:42:00 PM
From: RTev	Respond to of 74651

Since it's one of those "special" stock deals, it's hard to know what percentage it has, but they invested $1 billion. story: news.com 9/14/98: Looking to expand bandwidth for the computer industry and drive sales of its software as a result, Microsoft last year invested $1 billion in Comcast. Earlier this year, the software giant made a smaller $212.5 million investment for a 10 percent stake in Road Runner, which provides high-speed Net access via cable. And the deal itself: news.com 6/9/97: The investment is expected to close this month. It calls for Microsoft to buy 26.6 million shares of class A special common stock for $500 million at $20.29 per share and $500 million of a new issue of Comcast series B convertible preferred stock at an initial conversion price of $23.54 per share. The issue will have a final maturity of 20 years, but may be redeemed at Microsoft's option or called by Comcast after seven years.