AAPL-MSFT '97 Deal

[Do Or Die 10]

http://finance.yahoo.com/banking-budgeting/article/113566/day-steve-jobs-saved-apple-marketwatch?mod=bb-budgeting

 

Turn Enemies Into Allies

 

On Aug. 10, 2011, exactly 14 years and four days after Jobs announced the deal with Microsoft, Apple's market capitalization hit $365 billion — making it the world's most valuable company. Today, it's worth $375 billion. For those of you who are counting, that's more than a 100-fold rise in shareholder value.

 

Meanwhile, Microsoft's market cap sits at about $210 billion, less than half of where it topped out in early 2000, yet not far from its value at the time of the Apple deal.

[Tams 20]

day-steve-jobs-saved-apple-marketwatch: Personal Finance News from Yahoo! Finance

 

Turn Enemies Into Allies

 

On Aug. 10, 2011, exactly 14 years and four days after Jobs announced the deal with Microsoft, Apple's market capitalization hit $365 billion — making it the world's most valuable company. Today, it's worth $375 billion. For those of you who are counting, that's more than a 100-fold rise in shareholder value.

 

Meanwhile, Microsoft's market cap sits at about $210 billion, less than half of where it topped out in early 2000, yet not far from its value at the time of the Apple deal.

 

good story.

 

especially the lesson:

 

Jobs, for his part, gave the crowd a lesson that could have come straight from the Tao Te Ching or other Eastern texts that he reportedly reads: "We have to let go of the notion that for Apple to win, Microsoft has to lose," he commented.

[MadMarketScientist 11]

Agree with Tams, "We have to let go of the notion that for Apple to win, Microsoft has to lose," is the quote of the whole story. Amazing what SJ has done. I hope MS took equity! Not that they need it ...

 

thx

MMS

[Tams 20]

As part of the deal, Bill Gates took a 150 mil equity in AAPL,

AAPL grew over 100 times,

that translates to 15 Billion profit for Bill Gates.

(that is assuming he kept the investment all these times)

 

Stop sweating the small stuff !!!