Inaccurate ending of “Pirates”

January 3, 2018

Comment from E-mail

I was not terribly happy with the very inaccurate ending of “Pirates.” If I remember correctly, Microsoft helped Apple in order to not be sued by Apple for infringing on Apple’s patents. Microsoft agreed to work on Office for the Mac and they also agreed to buy non-voting stock (which could be converted) in order to keep Apple from suing them… What is your spin!

Woz

You see what many miss, exactly. Plus, the stock is essentially from the shareholders, paid for with dilution, and is worth as much as it costs, on the average. So Microsoft lost nothing, Apple gained $125M, and it’s shareholders lost $125M. But that loss was really a necessary and proper investment which was recovered (by the shareholders) once it helped the company become more healthy.