Harvey, "$100MM won't buy lunch?"--wow dude, you must have the expense account to end all expense accounts!
As to what $100MM of LU's dough will buy, it seems to me they are taking a page out of INTC's book. Just read in current issue of Forbes ASAP, that INTC has venture capital investments in 50 companies(and in some cases INTC owns a big hunk, like 30-50%). Their objective, besides making a buck, is to keep their eyes on new tech stuff that may be of interest to the great white, i.e., to fill gaps in their tech arsenal, word for word what LU wants to do.
Ramsey, I owned some T for years and one day this LU stuff showed up in my statement and I said what the hell is this? By sheer accident, I never looked into it for several months and then it was like earth to god, thank you. Slick investor or what? Mike Doyle |
