Ibexx & All, Microsoft to invest $150 mln in Apple [& all but get married < g >]
biz.yahoo.com
Best regards,
Arno
[P.S., May we conclude that Bill is a student of Sun Tsu? May we conclude that Steve knows where the money is? May we conclude that Larry is all hat and no cattle? ]
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Wednesday August 6 10:38 AM EDT
FULL TEXT - Microsoft to invest $150 mln in Apple
BOSTON, Aug 6 (Reuter) - Apple Computer Inc (AAPL) and Microsoft Corp (MSFT) Wednesday announced a broad technology agreement under which Microsoft will invest $150 million in non-voting Apple stock. The following is a copy of the companies' statement.
-------------------- NEWS RELEASE ------------------
BOSTON, Aug. 6 /PRNewswire/ -- In a keynote address delivered today at MacWorld Boston, Apple Computer Inc. director and co-founder Steve Jobs and Microsoft Corp., chairman and CEO Bill Gates announced a broad product and technology development agreement between Apple and Microsoft including the following:
Microsoft will develop and ship future versions of its popular Microsoft Office productivity suite, Internet Explorer and other Microsoft tools for the Mac platform. Apple will bundle the Microsoft Internet Explorer browser with the Mac OS, making it the default browser in future operating system software releases. The companies agreed to a broad patent cross-licensing agreement. It paves the way for the two companies to work more closely on leading-edge technologies for the Mac platform. Apple and Microsoft plan to collaborate on technology to ensure compatibility between their respective Virtual Machines for Java and other programming languages. To further support its relationship with Apple, Microsoft will invest $150 million in non-voting Apple stock.
``In 1984, Steve Jobs and I stood together when Microsoft announced Microsoft Excel, an application that is widely credited with helping to define the potential of the Mac as a great applications platform,'' said Gates. ``Today's announcements underscore our continued belief in the Mac as a platform for applications and leading-edge Internet technologies. Microsoft has millions of customers who rely on Macintosh technology and they can be assured that Microsoft products for the Mac will continue to be available.''
``We are thrilled at the prospect of working more closely with Microsoft on applications and Internet software,'' said Jobs. ``We are confident that this is the beginning of a much closer relationship between the two companies, which will greatly benefit our common customers.'' |
