Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: taxman who wrote (22606)	5/12/1999 8:48:00 PM
From: Maverick	Respond to of 74651

MSFT bids for Swedish wireless Sendit Microsoft bids for Sweden's Sendit STOCKHOLM, May 12 (Reuters) - Swedish mobile telephone and internet technology company Sendit AB said on Wednesday U.S. software giant Microsoft Corp was bidding 325 crowns per share for it, valuing the Swedish company at 1.07 billion crowns ($130 million). ($1=8.328 Swedish Crown) "Sendit's board recommends all the shareholders in Sendit accept Microsoft's offer," Sendit said in a statement. The bid reflected a premium of about 41 percent compared with Sendit's most recent closing price of 230 crowns. It is listed on the SBI list of smaller Swedish companies. Microsoft had already received acceptance from shareholders controlling 42.9 percent of Sendit votes and capital. Sendit was founded in 1994 and its main product is Internet Cellular Smart Access (ICSA) which gives users access to the Internet and email through mobile telephones. Sendit works close to leading mobile phone makers around the world. The 100 or so Sendit employees will continue to work in Sweden, Sendit said. "Behind the bid is the joint vision Microsoft and Sendit have when it comes to developments within the mobile market," Sendit said in a statement. Microsoft would continue to invest in market leading technology for mobile information which Sendit has developed, Sendit said. ((Abigail Schmelz, Stockholm newsroom, +46-8-700 1003, fax +46-8-211601, stockholm.newsroom@reuters.com))

To: taxman who wrote (22606)	5/13/1999 7:29:00 AM
From: t2	Respond to of 74651

To: taxman who wrote (22606)	5/13/1999 7:42:00 AM
From: t2	Read Replies (2) \| Respond to of 74651

OT taxman, I was just lucky on my very risky options trades. I still can't believe that I was not taking profits on options last year when the stock would be moving up in a big way. I would wait and wait for more. I used to buy 10 to 20 out of the money call with about 1 month to expiration(mostly MSFT and with Intel and Dell occasionally). I no longer do this anymore. Realized that my luck could have run out at any time and decided to quit while I am ahead. From January 98 to now----I have made about 275 times my initial portfolio from that date. Basically, I was very lucky and it was like winning a lottery-----pure luck. I do very little options buying anymore. I am just very thankfull i survived last year's roller coaster coming out way ahead. ToySoldier is right, I have fallen in love with this stock. Thank You Microsoft. BTW--Even when I don't hold MSFT shares (as I don't now), I am still happy when the share price goes up---that is a sign of being in love with the company. I don't feel that way about any other company.