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To: Charles Hughes who wrote (14559)11/30/1997 6:13:00 PM
From: Bill Jackson  Respond to of 24154
 
Yeah, $35 B in green, he could do a Scrooge McDuck and fill a swimming pool with $$$$ and have fun??, you say he does that now?, I suspected as much from all the paper cuts.

I do not recall how they did the babay Bell divestitures as Bell was already widely held and no one held more than 1-2%. Gates has ~30% +,- , and if you created the OS and MSFT(A) and Browser as MSFT(B) abd the Apps as MSFT(C) with him holding the same ~30% of them and each MSFT SH being issued (B) and (C) shares in the same number. At trade start the price of MSFT(OLD) would in thoery = MSFT(A) +(B)+(C)and he has to sell all his (B) and (C),and that would indeed make a splash unless a mechanism where he could trade his MSFT, (B) and (C) shares for a mixed bag at zero taxes due. So he could say I will accept equal exchange values for my shares and list a number of acceptable stocks that are not competitors with (A B C). He might pick 200 stocks he would take, and then people would bid for his (B C) shares with any one of the 200. He might get oversubscribed and thus would select from offers as he chose. Obviously some company would manage it and take it to the final stage. At that point he would be divested of (B C) and would have 2/3rds of his original stake in marketable stox, and still have his 30%+ of the new MSFT(A) and only make OS's.

Bill