Re: [RUMOR] Apple for sale?

Tim Byars (
Sun, 13 Jun 1999 17:12:43 -0700

At 2:08 PM -0400 6/13/99, Steve Dossick did the job with this:

> Regardless of the By-line, the argument holds water. For someone to swoop
> in and buy (let's say) 50% of the outstanding shares of the company at a
> moderate markup of $60/shr would cost $4.2 billion. Unlike a number of
> other tech stocks, almost 70% of the outstanding shares in apple are held
> by institutional investors, for whom a sale at $60 would be a tidy profit
> from the current trading range.
> Even more likely would be a Sony, Disney, or AOL "strategic partnership"
> where they come in and pick up 10-20% of the stock and install their own
> management team.
> -s

Even still, I stand by my argument. Jobs gets off on hardware, and at
this point in his life doesn't plan on having a boss. Why do you think
he is still "temp CEO"? Because he doesn't have to answer to the board.



"If at first you don't succeed, come back and we'll beat you again." - Degeneration X

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