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Strategies & Market Trends : Value Investing

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To: Jurgis Bekepuris who wrote (16799)4/11/2003 11:27:55 AM
From: sjemmeri  Read Replies (2) of 78639
 
What AAPL might do with the cash:

Apple said in talks for Vivendi Universal`s music unit
April 11, 2003 06:23:00 (ET)
LONDON (CBS.MW) -- Apple Computer is in talks to buy Vivendi Universal's Universal Music Group for as much as $6 billion, the Los Angeles Times said on Friday, citing sources.
A Vivendi spokesman in France said the company would have no comment on the report, posted on the LA Times web site. Vivendi's Paris-listed shares (012777) were last up 2.1 percent at 12.87 euro.
Vivendi's Universal Music Group is the second largest record company in the world.
Apple (AAPL, Trade) has not made a formal bid but may offer $5 billion to $6 billion ahead Vivendi's April 29 board meeting, the report said.
Apple's Chief Executive Steve Jobs is anticipating that music can be profitable on the Internet. The PC maker had been testing a service, the LA Times report said.
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I'm holding a modest position. I might double up if it drops
further although it certainly becomes a very different animal if they make a deal such as this one.
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