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

To: t2 who wrote (19631)	4/3/1999 9:05:00 AM
From: blankmind	Read Replies (1) \| Respond to of 74651

From the last 10Q on Edgar, you'll see that MSFT just states the put options sold, but not the strategy behind it... "To enhance its stock repurchase program, Microsoft sells put warrants to independent third parties. These put warrants entitle the holders to sell shares of Microsoft common stock to the Company on certain dates at specified prices, and permit a net-share settlement at the Company's option. On December 31, 1998, 75 million warrants were outstanding. The outstanding put warrants expire between June 1999 and December 2001 and have strike prices ranging from $87 to $99 per share."