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Re: Wall Street Flat, Microsoft Continues Falling (Despite Buybacks)

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____/ chrisv on Friday 10 October 2008 16:52 : \____

> Roy Schestowitz wrote:
> 
>>____/ chrisv on Friday 10 October 2008 15:46 : \____
>>
>>> Roy Schestowitz wrote:
>>> 
>>>>MSFT    21.82   -0.48   -2.15%
>>>>
>>>>Lowest in about 10 years, despite massive buybacks.
>>> 
>>> Well, what stock isn't tanking right now?  Not many...
>>
>>I now see that:
>>
>>"Dow Down 3.78% Nasdaq Down 3.75%"
>>
>>The Nasdaq was up when I wrote this and the Dow was quite level. Microsoft,
>>on the other hand, was down sharply.
>>
>>Microsoft is still falling faster than the indexes. In fact, it fell below
>>$21 earlier today, so the teens aren't far.
> 
> So you're drawing conclusions on the health of the company from
> short-term (like hourly) fluctuations in the stock price?  Sorry, man,
> but that's just dumb - even more so than usual during this crazy week.

Microsoft's ability to fund or support acquisitions (e.g. Yahoo, which is
tempting at $13) is imperiled by this turbulence, whereas Free software
communities still have the same # of hours per day to carry on working on
projects. I can tell you for a fact that over the past year Microsoft has not
announced as many products or good news like it used to. It's a total drain.
Just watching the news feeds, you can immediately see the difference and some
months ago I speculated that they just type down patent applications instead
of actual /applications/.

I don't claim that /ONLY/ Microsoft suffers; I do, on the other hand, tell you
that it does suffer. That's not a lie.

- -- 
                ~~ Best of wishes

Roy S. Schestowitz      | Viruses to Linux are like cancer to a shark
http://Schestowitz.com  |    RHAT Linux     |     PGP-Key: 0x74572E8E
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      http://iuron.com - Open Source knowledge engine project
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