Re: [RUMOR] Apple for sale?

Tim Byars (tbyars@earthlink.net)
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.

Tim

--

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

<>tbyars@earthlink.net <>