On Mar 4, 2006, at 3:37 AM, Jens Bladt wrote:
A few years ago Apple nearly went belly up. Microsoft bought into it and saved it AFAIR.
I don't know if they "saved" Apple, but they made a wise investment in Apple stock. It was not, as I recall, an overly large chunk of the company -- 10%? -- and for some reason I think it was around when the iMac was just hitting it big. In other words, when Apple were on the rebound.
I tried to convince my family to buy Apple stock when it dropped to $18 because the company had enough cash in the bank to repurchase all of its own outstanding shares and was therefore woefully underpriced. They all scoffed, but now that it's sitting at what, $70, they realize they should've listened to me.
-Aaron
