Quote:
Originally Posted by BoredOutOfMyMind
They almost were bankrupt a few years ago and MS had to bail them out. I think M$ owns 35% of Apple.
I understand the profit margin is huge on the products and they had a real strong lead with iPhone and now Touch iPod and the new Nano in time to ramp up for Christmas should carry them well into next year with profits.
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How much of Apple does MS own:
Technically, nothing. In 2003, Microsoft bought 150,000 non-voting shares of Apple stock as a token gesture of encourgaging competition. If they were voting shares, that would be about 0.04%.
From Apple's 2003 SEC filing:
"In August 1997, the Company and Microsoft Corporation (Microsoft) entered into patent cross license and technology agreements. In addition, Microsoft purchased 150,000 shares of Apple Series A nonvoting convertible preferred stock ("preferred stock") for $150 million. These shares were convertible by Microsoft after August 5, 2000, into shares of the Company's common stock at a conversion price of $8.25 per share. During 2000, 74,250 shares of preferred stock were converted to 9 million shares of the Company's common stock. During 2001, the remaining 75,750 preferred shares were converted into 9.2 million shares of the Company's common stock."
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