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Acquired

Microsoft Volume I

7589.266 - 7608.872 Steve Ballmer

Bill Gates says, I think the multiples of technology stocks should be quite a bit lower than the multiples of stocks like Coke and Gillette because we are subject to complete changes in the rules. I know very well that in the next 10 years, if Microsoft is still a leader, we will have had to weather at least three crises. So Bill Gates is essentially making an argument.

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