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3776NEWS - Microsoft buys Apple

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  • John Rethorst
    Apr 1, 2007
      NEW YORK (April 1) - In a move that stunned many industry observers
      but which insiders say was expected, Microsoft Corporation has
      acquired Apple Inc. (formerly Apple Computer) for over $120 billion in
      stock, other equities and cash, representatives of both companies
      announced today.

      "This is a very positive step for the entire industry," Microsoft
      chairman Bill Gates said. "While competition within a standard, such
      as between Dell and Gateway, is healthy for all concerned, continuing
      competition between two fundamentally incompatible standards
      presents needless expense and inefficiency to manufacturers,
      consumers, and the entire industry."

      "The merged product line will present a real advantage for both
      corporate and personal users," Apple chairman Steve Jobs said. "When
      it started to look like this merger would succeed, it finalized our
      decision to move to the Intel chip. It will make this entire transition
      much easier."

      In related developments, Microsoft announced that Mac OSX would
      be discontinued in favor of Vista, which received its first security
      patch last Tuesday, and that Apple's iPod would be discontinued in
      favor of Microsoft's Zune MP3 player.
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