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The Balmer statement reminded me that in 1929 an electric utility made a new
stock offering and in the prospectus actually said they expected no one would
buy the shares as they were so overpriced.
Brian Massey wrote:
> 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
|