>> stock market players are not capable of evaluating the soft
>> information high tech companies provide in their formative stages;
>
> A couple of weeks ago, when K-Tel was just a cheesy company
> that advertised compliation albums on late-night TV, it sold
> for $6. Then they announce they're going to sell on the web,
> and suddenly ...
But ten years ago no one really understood what Microsoft was "worth" -- otherwise we wouldn't have seen a nearly 15,000% increase in the stock price since then ... it would have been high to begin with.
It's possible that Microsoft is *still* "undervalued" ...
/jordan