We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : MicroStrategy Inc. (MSTR)
MSTR 342.64-1.8%Aug 16 4:00 PM EDT

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Glenn Petersen who wrote (689)7/14/2002 11:00:38 PM
From: Toby Zidle  Read Replies (1) of 713
A fascinating series of articles on Michael Saylor, Glenn. Thanks for posting them. I'm somewhat surprised they have drawn so little comment from SI posters. I suppose that can be interpreted that the posters on this thread when it was more active are all long gone and no one on SI cares about the company any more. Given the stock's performance, why would anyone still be interested? Are new longs buying MSTR because they perceive value in its current price, or because they can get a 100% gain in so little price movement compared to where the stock was just months ago?

Part IV cites Saylor's financial situation: "Saylor is still extremely rich. His holdings in MicroStrategy are worth close to $200 million." That was on January 9th. In the bit over six months since then, MSTR stock has fallen another 87.7%. Saylor's holdings are worth only $25 million now (assuming he hasn't partially liquidated again before now).

It would be interesting to see a follow-up story. It's hard to feel sorry for a former billionaire. However, there is really a personal tragedy in this. Saylor's stock has fallen from $300+ to 48 cents per share. This is every bit a loss comparable to what Enron employees suffered. OK, they don't have $25 million to live on, but they were never powerful billionaires either.

Anyway, the articles are a great story. Maybe someone will do a follow-up. I bet there's a TV series there somewhere, like "Barbarians at the Gate". I'd watch it.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext