The company was struggling financially under then-CEO Gil Amelio when on August 6, 1997 Microsoft bought a $150 million non-voting share of the company as a result of a court settlement with Apple (Microsoft has since sold all Apple stock holdings).
powermac666 said:I think he means it is a good strategy for M$, not necessarily for Apple.
NO...doctor pangloss said:
Microsoft has already been determined to be an illegal monopoly. It is currently settling a withering array of third-party lawsuits based on that ruling. Microsoft's owning of Apple would not affect that situation one way or the other. But, to the point of Microsoft's or anyone else's purchasing of Apple, it hasn't happened and it ain't gonna happen. Apple is not for sale. People who spout such notions have no clue about Apple's ownership.Sun Baked said:NO...
If they owned controlling stock in Apple, they would instantly lose any federal or state anti-trust lawsuit filed anywhere in the US and/or the world.
Enough stock to obtain a seat on the board (probably around 5%) would likely also trigger severe anti-trust violations.
For MS it would be a very very bad thing, since they couldn't fight the claims that they are a OS monopoly very well, at that point it would be better if they buy Cuba and moved both companies down there where the political climate would be a little more liberal to that sort of idea.
I really do not see it an monopoly( in my eyes the law may say different) people have other choice just many do not know about it cuz they never look around.MisterMe said:Microsoft has already been determined to be an illegal monopoly.
Glad you figured it out . Thanks to powermac for clarifing my post.mad jew said::::slaps head:::
Yeah, thanks. That makes sense. It's really way too early in the morning at the moment.
They were trying to get MS broken up for some of their practices, but owning Apple would immediately trigger the anti-trust remedies that people are "trying" to trigger right now (without much luck) to break MS up into smaller parts.zap2 said:
That post quoted an article written in Feb 2005The two struck a deal under which Microsoft bought $150 million of Apple stock and promised to keep supplying Microsoft Office and Internet Explorer for the Mac, programs that made Apple's computers at least somewhat compatible with the PC world. (Microsoft's stake in Apple is now worth well over $1 billion.)
You should credit Brent Schendler of Fortune magazine, not the Macrumors repost. However, it is an opinion piece in a popular magazine, not a peer-reviewed history monograph. The Wikipedia page linked above is substantially more accurate. Wikipedia is correct that Microsoft sold its Apple stock. Schendler is probably correct that Microsoft's stake in Apple is now worth more than $1 billion. He just omitted the fact that Microsoft doesn't own it any more.mac-er said:
That's a dangerous claim in these wiki times. There's a big arguement against Wikipedia (in particular) as to whether or not it can actually be used as a viable reference source. It's frowned upon by libraries everywhere, and many colleges won't accept Wiki articles as source material. They claim there really is no "official" fact-checking which can make it equally susceptable to accuracy or the product of collective ignorance. Saying that it's more accurate than Fortune is a bold claim. (Just thought I'd point that out)MisterMe said:...The Wikipedia page linked above is substantially more accurate. ...
Apple lost the look and feel suit against Microsoft long before this suit. The suit that resulted in the $150 million stock purchase had to do with QuickTime. Apple had caught Microsoft dead to rights. It is my understanding that Steve Jobs offered Microsoft a deal in which they would do business rather than fight. FWIW, people who can't do math have grossly overblown the financial importance Microsoft's stock purchase. At the time, Apple had $4 billion in cash. The M$ money was a drop in the bucket.mojohanna said:Look everyone, at the time it made perfect sense for MS to "invest" in Apple. They were still in the midst of Apple suing them over the similarities of the OS. Fortunately for MS, Apple was going thru some tough times. Therefore a deal was struck. MS said to Apple, you drop/settle this lawsuit and we will provide you with some capital to continue your operations. MS did this knowing full well that they in fact need to have Apple in the market. If not they, IMO, would almost certainly face some sort of break up similar to AT&T.
Funny to hear Billy Boy telling Stevo what to do:eXan said:Lol if it was true, Apple would no longer be real 'Apple'
I'm glad its not true