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Microsoft loses it's Midas touch
Tuesday, October 09, 2007 www.businessmusings.com
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Back in the nineties, Microsoft was a company which could do no wrong, however things changed towards the end of that golden era. In August 1999, Microsoft purchased $150 million worth of Apple stock at a price of $5.43 a share. And later sold the stock in 2001 at a marginal gain of 7% or $10 million. Today, the price of an Apple share is quoting at $122.06, had Microsoft held on to it's stake,
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Apple
Microsoft
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