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March 28, 2004
"Bubble" Gates
Bill Gates claimed yesterday in
a investors have created a "mini-bubble" by driving internetstocks sharply higher
He talked specifically about sites like Yahoo! and eBay and of course the claim is that Microsoft is not part of the bubble.
"We are sort of back in a mini-bubble era in terms of people expecting a lot in terms of these valuations, but I don't think we'll see the same exit rate of companies that we saw back in the real bubble. There are some strong companies who are doing things right."
Shares of Yahoo, eBay and Amazon have shot up sharply since their lows of late March and April last year.
Yahoo shares have more than doubled; eBay is up 58 per cent and Amazon has gained 73 per cent.
By contrast, shares in Microsoft, are up just 6 percent since bottoming out in June.
I dont suppose that this kind of talk is very ethical, but then again since when did Microsoft care about business ethics?
Posted by Basileios at March 28, 2004 11:29 PM
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