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To: ThinkDifferent

I didn't make it up out of nothing.

http://aroundcny.com/technofile/texts/tec081097.html


222 posted on 01/27/2005 8:31:06 AM PST by js1138
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To: js1138
I didn't make it up out of nothing.

True, but you're still wrong :) In 1997 Microsoft bought $150 million of non-voting Apple stock, which IIRC was about 5% of outstanding shares. They sold them a few years later for a rather large profit.

258 posted on 01/27/2005 11:36:13 AM PST by ThinkDifferent (These pretzels are making me thirsty)
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To: js1138

You claimed Bill Gates owned 20% of Apple.

Microsoft invested $150 million in Apple in 1997 when Apple shares were selling for ~$6 a share. That means that MS probably bought around 25 million shares. Assuming (and it is just that, an assumption) that MS has bought no more shares since then, those 25 million shares are a little over 6% of the 404.55million shares outstanding of Apple Common stock... if MS still owns them.


321 posted on 01/27/2005 11:00:31 PM PST by Swordmaker (Tagline now open, please ring bell.)
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