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Technology Stocks : Apple Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Loring who wrote (25362)	7/8/1999 7:32:00 PM
From: Eric Yang	Read Replies (2) \| Respond to of 213173

"YAHOO board is talking about MSFT's investment in AAPL as though it is more than a straight $50 mil investment. Are there hooks that I don't know about?" Microsoft invested $150 million in AAPL in 1997. At the equivalent of $16.50 per share that comes out to be about 9.1 million shares. Apple didn't really need that cash and it was a drop in the bucket for MSFT, so it was a sign of good faith more than anything else. The investment is locked away (can not be sold) in the form of preferred stock with no voting power. They will become convertible into regular shares in the year 2000. The dilutive effect of these shares are already accounted for in the current diluted share count. Eric appleinvestors.com

To: Loring who wrote (25362)	7/8/1999 10:32:00 PM
From: Jonathan Bird	Respond to of 213173

YAHOO board is talking about MSFT's investment in AAPL as though it is more than a straight $50 mil investment. Are there hooks that I don't know about? Duh? If memory serves me, there was the settlement of then pending litigation against MS, an agreement that Apple would make IE the default browser, an agreement that MS would continue to develop MS Office on Mac for a period of time, and that Apple and MS would cross license some patented technologies(they got some Quicktime, don't know what we got yet). Jon Bird