Re: [svmug] Legendary 1997 video of The Steve & Bill Gates
- The 150,000 shares were convertible by Microsoft after August 5, 2000 into shares of the company's common stock at a conversion price of $8.25 per share. During 2000, 74,250 shares of preferred stock were converted to 9 million shares and in 2001 the remaining 75,750 preferred shares were converted into 9.2 million of Apple's common stock. All 18.2 million shares were sold by Microsoft in 2003.
Around 2005 Microsoft bought around 4500 shares of Apple stock (about 0.0046% of Apple) through a Private Capital Management fund as a token of supporting competition. I believe they still own this.
On Apr 30, 2011, at 10:49 PM, Jose F. Medeiros wrote:
> Time flies.. I remember that article, I had a new Umax C500 Supermac with 7.6 then.. I also remember the fact that Bill Gates bought 150 Million in Apple Stock.
> I am sure that it was a worth while investment for Mr. Gates, unless I am mistaken wasn't the stock price at about 5.00 then? 30,000,000 Million Shares x 320.00=9,600,000,000
> Jose :-)
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