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To: HerbVic who wrote (33577)6/3/2002 9:43:47 AM
From: Alomex  Respond to of 213177
 
A millionaire? In cash flow, you mean. Not net worth.

Net worth. In 1980 Microsoft had about $4 million in sales. Gates owned about half of the company and valuating it at a standard 1x sales gives $2 million net worth.

If you consider that most software companies trade at a multiple closer to 10x than 1x he was already worth $20 million when IBM first approached him.

All of this before mother Mary ever talked to IBM. Face it, the thesis of your book just doesn't hold water.


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