> From: Donald Keenan <[EMAIL PROTECTED]> > >> microsoft being an "owner" of Apple is like those commercials you see >> on TV that state so-and-so is a 0.00017% owner of Motorola. In a deal >> in the mid-90's, MS invested some cash in Apple in exchange for some >> technology licenses (something to do with QuickTime, IIRC) and some >> non-voting stock. IIRC, MS no longer owns this stock. >> >> >> > Did Microsoft just sell the Apple stock because it could get a profit > on > it? Did Jobs buy it back?
Apple did not buy the stock back. Microsoft sold it because a) they made a TREMENDOUS profit on it (bought it at $13 IIRC, sold it at various points ranging from $100 to $42) and b) because they never intended it to be a long-term investment. > I'm curious as to why they didn't keep it. They should be awfully glad they didn't, as the price is now (adjusted for the split) about $30/share -- well below what they sold it for! > Do you think MS suspected > Apple would go under? Nobody who actually knew the company's financials thought the company was going to go under once a) Microsoft reiterated to the world it's commitment to the Mac, b) Steve Jobs was in charge and c) the iMac came out. These things did not, of course, happen simultaneously. _Chas_ Come to ... The CHASbah! http://thechasbah.blogspot.com **Go see BOWLING FOR COLUMBINE. It may change your life.** -- The iMac List is sponsored by <http://lowendmac.com/> and... Small Dog Electronics http://www.smalldog.com | Refurbished Drives | - Epson Stylus Color 580 Printers - new at $69 | & CDRWs on Sale! | Support Low End Mac <http://lowendmac.com/lists/support.html> iMac List info: <http://lowendmac.com/imac/list.shtml> --> AOL users, remove "mailto:"; Send list messages to: <mailto:[EMAIL PROTECTED]> To unsubscribe, email: <mailto:[EMAIL PROTECTED]> For digest mode, email: <mailto:[EMAIL PROTECTED]> Subscription questions: <mailto:[EMAIL PROTECTED]> Archive: <http://www.mail-archive.com/imac-list%40mail.maclaunch.com/> --------------------------------------------------------------- >The Think Different Store http://www.ThinkDifferentStore.com ---------------------------------------------------------------
