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____/ Mark Kent on Tuesday 17 June 2008 12:09 : \____
> Roy Schestowitz <newsgroups@xxxxxxxxxxxxxxx> espoused:
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>> Microsoft (NasdaqNM: MSFT) Hedged Price Watch Alert
>>
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>>| Microsoft (NasdaqNM: MSFT) closed yesterday at $27.54. So far the stock has
>>| hit a 52-week low of $26.87 and 52-week high of $37.50. Microsoft stock has
>>| been showing support around 27.02 and resistance in the 27.90 range.
>> `----
>>
>> http://www.marketintelligencecenter.com/articles/628186
>>
>> Has Microsoft not spent $36 billion over the past couple of years to fill
>> the gap/vacuum of fleeing investors?
>
> Things are looking very bleak in the MS share price at the moment,
> although it should be noted that few technology companies are doing
> spectacularly well. Microsoft have reinvested an enormous amount of
> cash into share buy-back, though, unlike most technology companies, so
> it's quite possible that things would look much worse otherwise.
Microsoft said it would throw $36B (or 32) into buybacks. Eventually it did a
lot more... around $45B. They probably ran out of steam, having already
exceeded that quota.
- --
~~ Best of wishes
Roy S. Schestowitz | Apache: commercial software's days are numbered
http://Schestowitz.com | RHAT GNU/Linux | PGP-Key: 0x74572E8E
19:00:02 up 63 days, 17:12, 6 users, load average: 0.70, 0.82, 1.24
http://iuron.com - help build a non-profit search engine
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