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● 09.22.08

●● Steve Ballmer Admitted Microsoft is Absurdly Overvalued

Posted in Finance, Microsoft, Steve Ballmer at 8:12 am by Dr. Roy Schestowitz

“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

The quote above was extracted from the following new post, which analyses the character of Microsoft’s CEO, at least at a most shallow level.

=> ↺ following new post

Yet there would seem to be plenty of reasons to doubt one thing about Steve Ballmer, and that is his sanity.

This is not personal attack (or an egg attack); it’s an innocent observation, which other sites like Gizmodo are making as well. The financial situation of Microsoft was discussed in [1, 2, 3] and also in the IRC channel on Sunday afternoon. Erratic behaviour may be an indication of something in the hiding. Some days ago we wrote some more about it (see the section at the very bottom). Shown below are Microsoft’s buybacks as of August 2008 (courtesy Todd Bishop, who formally quit last week). The stock is being artificially pumped, so there’s only an illusion of sustainability (short term). █

=> an egg attack | ↺ other sites like Gizmodo are making as well | 1 | 2 | 3 | on Sunday afternoon | wrote some more about it | ↺ Todd Bishop | quit last week

=> ↺

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