On Tue, 05 Aug 2008 17:56:01 -0700, Tim Smith wrote:
> Anyway, back to the Microsoft $90B drop in market value.
Yes, to be pedantic, it's a drop in market value.
> That reflects
> a drop in the stock price from around 36 to around 26 dollars/share.
Which was the point.
> What Roy and Homer overlook, of course, is that the stock was around 28
> this time last year. It ran up to 36 in November, dipped to 33, ran
> back up to 36 by January, then dropped to around 29 through June, then
> to 26.
Sure, and if you go back far enough in time Microsoft was worth zero
dollars.
> So, preceding that "loss" of $90B, there was a gain of $72B. That drop
> from 29 in June to 26 now seems to reflect general market movement, as
> other tech stocks fell similar amount then.
Stocks go up and down, yes.
> Net result: late last year, Microsoft market value ran up about $70B.
Good for them.
> After the Yahoo stuff, it came down around that amount. Then it came
> down some more as the market in general came down.
Stocks go up and down.
The article was posted regarding the fact that Microsoft lost $90B in
market value.
-Thufir
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