On 2006-12-07, Roy Schestowitz <newsgroups@xxxxxxxxxxxxxxx> posted something concerning:
> Commentary: Microsoft needs more than just buybacks to lift its shares
>
> ,----[ Quote ]
>| Microsoft shares, which have been dormant for the last few years,
>| have been looking up over the last couple months. The Dow industrials
>| component has gained about 20% since hitting a 4-year low of $21.46 o
>| June 13.
>|
>| To help move things along, Microsoft not only launched a $40 billion
>| stock repurchase program that lasts through 2011, the company also said
>| its previously announced 4-year, $30 billion stock buyback program was
>| completed in just 2 years.
> `----
>
> http://www.marketwatch.com/News/Story/Story.aspx?guid=%7B685EFB89%2D5791%2D4E8B%2DAD6A%2D9688F5B6012A%7D&source=blq%2Fyhoo&dist=yhoo&siteid=yhoo
This is clearly untrue. MIDL swears (and he should know, being an
expert and all) that MS doesn't need to buy back stock to do anything
like support the price. Not even to prevent panic and a major selloff
(if such a silly notion was even possible - this is MS stock, fer
crissakes!) The whole world is clamoring to own a piece of that
performance pie.
If anything, MS should sell off as much stock as possible to keep from
pricing the world out of the market.
--
The idea that Bill Gates has appeared like a knight in shining armor to
lead all customers out of a mire of technological chaos neatly ignores
the fact that it was he who, by peddling second-rate technology,
led them into it in the first place.
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