Copyright © 1997 to 7am News
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Microsoft Buys Into Apple
Copyright © 1997 to 7am News | |
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7 Aug 1997
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Time for the Aardvark to blow his own horn here. Back at the very
beginning of the year I predicted that someone - most likely Microsoft
would buy part or all of Apple during 1997. Looks like I was right!
Newly returned Steve Jobs announced on Wednesday that Microsoft will buy $150 million worth of Apple stock and take other steps to help the company. In the January 6 edition of Aardvark Weekly, I predicted that: "At the very least, a significant amount of Apple stock will be bought up by one of the other large players in the industry (Microsoft?)" Enough gloating :-) As a result of the deal, Apple will begin bundling MSIE and future versions of Microsoft's browser software as Apple's primary browser for the Macintosh platform. I believe this move is strategically important for both Apple, who badly need the money and the extra support that Microsoft's involvement will give their stock-prices as well as Microsoft, who can't really afford for Apple to collapse for fear of being even more exposed to the US's strong anti-trust laws. |
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