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____/ chrisv on Monday 22 September 2008 17:35 : \____
> Robin T Cox wrote:
>
>>But investors and the market may very well conclude instead that, since MS
>>have spent their cash on buying back shares rather than using it for
>>profitable future investment, their prospects going forward are not too
>>great.
>
> I really don't think you can conclude that. It's purely wishful
> thinking on your part. One couild just as easily conclude the
> opposite - that they wouldn't buy shares that they thought were going
> to decrease in value.
Their value is declining, say pretty much all the studies out there. The same
goes for their grip on the market, which is dissipating (smartphones and
sub-notebooks take a chunk from desktops for example).
Either way, the chances of Microsoft buying Yahoo! are very slim now.
- --
"There is such an overvaluation of technology stocks that it is absurd. I would
include our stock in that category. It is bad for the long-term worth of the
economy."
--Steve Ballmer, Microsoft's CEO
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