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Weather or not stocks are overvalued is a matter of opinion, or what
Ballmer's true intentions is conjecture too. Ballmer spoke and people
listened. A lot of people probably believe that tech that traditional
measured of vlauation are obsolete. There are a lot of people who probably
believe that we're in a new era of economic prosperitu driven by
unprecedented levels of productivity made possible by computers. You may
not believe, but I'd bet there a lot of investors that do. This was a
wake up call to those people. The bottom line ballmer spoke and people
listened.
Microsoft just boght Visio. How come they didn't do this "talking down'
before buying them so they could buy them "cheap". Given the long term
market env., I doubt any company that MS wanted to buy out would let
themselves go "cheaply" even if their stock was temporarily depressed.
-----Original Message-----
From: Gwenael Gautier [SMTP:ggautier@xxxxxxxxxxx]
Sent: Friday, September 24, 1999 2:04 AM
To: 'omega-list@xxxxxxxxxx'
Subject: AW: Stock Market going to recover?
Of course everything is overvalued. Their biggest problems is competitors
growing stronger. what a better way to fend this off buy buying them
cheaply...? So they talk them down.
Gwenn
| -----Ursprungliche Nachricht-----
| Von: Brian Massey [SMTP:bnm03@xxxxxxx]
| Gesendet am: Friday, September 24, 1999 8:54 AM
| An: 'omega-list@xxxxxxxxxx'
| Betreff: RE: Stock Market going to recover?
|
| When the president of the #1 software company and the largest company in
| the world comes out and says that most companies in his industry are
| rediculously overvalued, including his own, I think that's impetus enough
| to cause a significant sell off. That's as good as saying, people
| shouldn't buy our stock anymore because it's not worth the price. He
| (Ballmer) used to beleive in perfect markets but not anymore? That's
| enough to make me sell. Plus it seems like a lot of MS employees are
| cashing in. My friend at the bank who deposits their checks is seeing a
| lot of MS tracffic convert to cash. And the checks are large. I don't
| care though, up or down, as long it moves.
|
| -----Original Message-----
| From: Robert W Cummings [SMTP:robert.cummings@xxxxxxxxxxxxxxxx]
| Sent: Thursday, September 23, 1999 10:12 PM
| To: Omega-list@xxxxxxxxxx
| Subject: Stock Market going to recover?
|
|
|
| Lots of negative press out about the stock market after today's reversal.
| Any options on whether this was just a big break today and will be
followed
| by buying tomorrow or we in for another sizable correction? Nite S&P down
| over 9 points bonds up strong.
| Who was that Microsoft guy or mask man today geezer.
|
| Robert
|