09.22.08

Gemini version available ♊︎

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.

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).

Microsoft buybacks

Share in other sites/networks: These icons link to social bookmarking sites where readers can share and discover new web pages.
  • Reddit
  • email

Decor ᶃ Gemini Space

Below is a Web proxy. We recommend getting a Gemini client/browser.

Black/white/grey bullet button This post is also available in Gemini over at this address (requires a Gemini client/browser to open).

Decor ✐ Cross-references

Black/white/grey bullet button Pages that cross-reference this one, if any exist, are listed below or will be listed below over time.

Decor ▢ Respond and Discuss

Black/white/grey bullet button If you liked this post, consider subscribing to the RSS feed or join us now at the IRC channels.

10 Comments

  1. Needs Sunlight said,

    September 22, 2008 at 10:39 am

    Gravatar

    How much of M$ revenue is due simply to buying and selling its own stock and various stock portfolios?

  2. AlexH said,

    September 22, 2008 at 11:13 am

    Gravatar

    @Needs: probably a large amount but a small proportion, if that makes sense.

    Contrary to what this site says, buying stock isn’t a sign of weakness – see Wikipedia’s article for a basic treatment.

    They certainly will play the market with other stocks, and if well managed that ought to turn a profit. Effectively, they’re just taking control of what the banks would be doing in any event, but it’s not income per se until it’s realised. Based on recent financial statements, they have $13b in short-term investment.

  3. Roy Schestowitz said,

    September 22, 2008 at 11:18 am

    Gravatar

    Don’t ever rely on what Microsoft tells you. The SEC is still asleep at the wheel. it’s only beginning to wake up now.

  4. Roy Schestowitz said,

    September 22, 2008 at 11:19 am

    Gravatar

    I should add:

    Microsoft is said to have engaged in fraud before:

    http://boycottnovell.com/2008/08/31/charles-pancerzewski-vs-fraud/

    Two months ago an ex-Microsoft accountant was sent to prison for fraud.

  5. AlexH said,

    September 22, 2008 at 11:24 am

    Gravatar

    I wouldn’t throw accusations of fraud around quite so easily if I were you.

  6. Roy Schestowitz said,

    September 22, 2008 at 12:01 pm

    Gravatar

    I throw no accusations. I present some facts in the above (about the conviction and the older saga). It’s only natural to be suspicious at the moment, but I make no accusations. All the information is contained in the press that publishes only validated facts. Take the time to read it.

  7. AlexH said,

    September 22, 2008 at 1:00 pm

    Gravatar

    Sorry?!

    The stock is being artificially pumped, so there’s only an illusion of sustainability (short term)

    Pumping stock is illegal. If you’re saying they’re doing it, that’s an accusation of fraud.

    Where are the validated facts?

  8. Roy Schestowitz said,

    September 22, 2008 at 1:05 pm

    Gravatar

    Pump & Dump is illegal. For Microsoft to boost its stock (pump) is perfectly fine.

    http://www.faqs.org/abstracts/News-opinion-and-commentary/Link-to-IBM-helps-pump-up-tech-stock-Microsoft-to-fall-short-of-forecasts.html

    Microsoft is buying back its stock to elevate it,

    http://seattletimes.nwsource.com/html/businesstechnology/2003437957_vista19.html

  9. AlexH said,

    September 22, 2008 at 1:13 pm

    Gravatar

    Actually, any manipulation of the stock price is illegal. Pump and dump obviously doesn’t apply to MS stock.

    Stock buy-backs do elevate the price, and rightly so. You should read the link I posted earlier.

  10. Roy Schestowitz said,

    September 23, 2008 at 11:27 am

    Gravatar

    The emphasis is not just the buybacks though (don’t be easily distracted). It’s the fact that they fund it using a loan (i.e. debt). That’s the whole point of the followup post.

DecorWhat Else is New


  1. Links 28/11/2021: Laravel 8.73 Released, GitHub Offline for Hours

    Links for the day



  2. IRC Proceedings: Saturday, November 27, 2021

    IRC logs for Saturday, November 27, 2021



  3. Links 27/11/2021: Nvidia’s DLSS Hype and Why GNU/Linux Matters

    Links for the day



  4. [Meme] Linus Gabriel Sebastian Takes GNU/Linux for a (Tail)'Spin'

    If you’re trying to prove that GNU/Linux is NOT Windows, then “haha! Well done…”



  5. GNU/Linux is for Freedom and It'll Gain Many Users When (or Where) People Understand What Software (or Computing) Freedom Means

    Software that respects people's freedom (and by extension privacy as well) is an alluring proposition; those who choose to try GNU/Linux for the wrong reasons are likely the wrong target audience for advocates



  6. Amid Reports of Microsoft's Competition Crimes in Europe...

    European companies are complaining, but they seem to overlook the principal aspect of an imperialistic system with bottomless pockets (almost 30 trillion dollars in debt already; US national debt soared again last month); Microsoft is shielded by a political system with military (“defence”) as bailout budget to help cushion international expansion for data grab and technical leverage, as we've seen in the case of EPO (this is all political, not technical, and should thus be treated as a political/corruption issue)



  7. Is Linus Trolling the GNU/Linux Community?

    This new video responds to what many sites have been provoked into amplifying



  8. Links 27/11/2021: Tux Paint 0.9.27 and SeaMonkey 1.1.19 in EasyOS

    Links for the day



  9. [Meme] Keeping Our Distance From Microsoft

    The OSI is the dagger, the Linux Foundation is the knife, and many others are the sword by which Microsoft tries to get into the very heart of GNU/Linux and extinguish the Free software movement



  10. Microsoft Edge Encourages Indebted Americans to Guilt-spend Just in Time for Christmas

    Guest post by Ryan, reprinted with permission



  11. IRC Proceedings: Friday, November 26, 2021

    IRC logs for Friday, November 26, 2021



  12. 38+ Years of GNU and 19+ Years of FSF Associate Membership

    “On November 25, 2002,” Wikipedia notes, “the FSF launched the FSF Associate Membership program for individuals.” As the above video points out, it all started almost 40 years ago.



  13. Gemini as a Platform for Gamers

    Contrary to what people often assume (or are led to assume), even without client-side scripting Gemini can accomplish a great deal; early adopters, many of whom are technical, test the limits of the very minimalistic (by design and intention) specification



  14. Improved Workflows: Achievement Unlocked

    Today we've completed a bunch of small projects that can make us more efficient (e.g. more Daily Links per day, more articles); the above video was recorded many hours ago to accompany the outline below



  15. Links 26/11/2021: New Complaint About Microsoft Competition Crimes in Europe, EuroLinux 8.5, GhostBSD 21.11.24, and Kiwi TCMS 10.5 Released

    Links for the day



  16. Links 26/11/2021: F35 Elections, Whonix 16.0.3.7, OSMC's November Refresh With Kodi 19.3

    Links for the day



  17. IRC Proceedings: Thursday, November 25, 2021

    IRC logs for Thursday, November 25, 2021



  18. IRC Proceedings: Wednesday, November 24, 2021

    IRC logs for Wednesday, November 24, 2021



  19. Links 25/11/2021: PHP 8.1.0 Released and Linux 5.15.5

    Links for the day



  20. IBM as Master of Hypocrisy

    Free software projects and Free software developers have long been humiliated by corporations of Western misogynists, falsely claiming that the Free software community isn’t inclusive enough (these are shameless projection tactics; as a matter of public record, the exact opposite is true) and even the eradication of supposedly offensive language isn’t something IBM takes seriously



  21. Links 25/11/2021: LibreOffice 7.2.3 and Mesa 21.2.6 Released

    Links for the day



  22. [Meme] So Desperate That Edge Cannot Even Exceed 4% That They Block Rival Web Browsers

    Linux/Android/Free Software/GNU (they go by very many names/brands) may continue to grow to the point where Windows is as irrelevant as Blackberry; this means that Microsoft’s grip on the Web too has slipped — to the point where Microsoft frantically uses 'bailout' money to hijack LinkedIn, GitHub, etc. (it also rebrands almost everything as "Azure" or clown to fake a perception of growth)



  23. Windows Vista Service Pack 11 (Vista 11) Has Failed to Curb the Growth of GNU/Linux

    Windows market share continues to decrease in spite of billions of dollars spent bribing the media for fake hype, especially in light of a new Windows Service Pack (SP), Vista SP 11



  24. Links 25/11/2021: Proton 6.3-8 and Linux Mint Compared to Ubuntu

    Links for the day



  25. 3.5 Years Later the 'Master' of Fedora is Still Microsoft and IBM Cannot Be Bothered to Alter Git Branch Names (Refuting or Ignoring Its Very Own Directive About Supposedly Racially-Insensitive Terms)

    Today we demonstrate the hypocrisy of IBM; years after telling us that we should shun the term "master" and repeatedly insisting it had a racist connotation at least 65 Fedora repositories, still controlled by Microsoft, still use "master"



  26. Changing the Arrangement While News is a Bit Slow(er)

    I've made it easier for myself to keep abreast of things like IRC channels and networks (incidentally, a day ago Freenode reopened to anonymous logins) and I've improved monitoring of the Web sites, Gemini capsule etc. (this video is unplanned and improvised)



  27. Links 24/11/2021: Alpine Linux 3.15 and Endless OS 4.0 Released

    Links for the day



  28. [Meme] Jimmy Zemlin Loves Microsoft

    It’s funny, isn’t it? Lying for a living and sucking up to the liars pays off; you get to plunder actual Linux users while leaving Linux morally and financially bankrupt



  29. Links 24/11/2021: PHP Foundation and Flatpak Criticisms

    Links for the day



  30. IRC Proceedings: Tuesday, November 23, 2021

    IRC logs for Tuesday, November 23, 2021


RSS 64x64RSS Feed: subscribe to the RSS feed for regular updates

Home iconSite Wiki: You can improve this site by helping the extension of the site's content

Home iconSite Home: Background about the site and some key features in the front page

Chat iconIRC Channel: Come and chat with us in real time

Recent Posts