Remember some time around 2000 when Steve Ballmer said tech stocks were overpriced,
and months later the tech bubble burst? Ballmer was right about those stocks,
and nearly all of them, including his own, took a beating.
While I wasn't happy that Ballmer was right back then, I'll be pleased
if he's right this time around. Last week, in three separate speeches, Mr. Ballmer
argued that the
tech sector had "buoyancy" and wouldn't collapse despite
the Wall Street debacle. In fact, he has so much faith in his company that Microsoft
is buying back $40 billion worth of MSFT shares.
Posted by Doug Barney on September 29, 2008