ERD50
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Didn't Microsoft make a big investment in Apple a decade or so ago? I wonder how that worked out...
Aug 6, 1997. $150M. By some accounts, MSFT shorted an equal amount of AAPL so it was a non-event (other than PR). From what I understand, it was really a pay-off to settle some patent disputes, Jobs spun it so that MSFT supported Office for the Mac for 5 years (a big deal for Apple) and for the PR. MS wanted some relief from anti-trust battles. A win-win at the time.
But if they let it ride, it would have been a good payoff. About a 50 bagger (yes, that is five-zero, fifty bagger) at this point.
-ERD50