Google chief shares kind words on Apple
In an interview with Time Magazine, Google chief executive Eric Schmidt shared some of his views on Apple Computer and noted that his newfound commitment to the company is a personal one.
"Apple is engaged in probably the most remarkable second act ever seen in technology," he added. "Its resurgence is simply phenomenal and extremely impressive."
Asked whether he'd like to see more partnering between Google and Apple, Schmidt said, "Well of course, but we're already partnered with them."
Upon joining Apple's board this past August, Schmidt declined 30,000 stock options offered to him as a new director, saying he would instead buy shares on the open market.
According to filings with the Securities and Exchange Commission, Schmidt purchased 10,000 shares of Apple common stock on September 7, at prices between $69.67 and $70.05 a share.
He now owns a total of 11,561 shares in the Cupertino, Calif.-based company.
32 Comments
So If he already had 1,561 shares prior to this purchase, he already had almost $110,000 worth of AAPL stock.
Now he has over $800,000 worth of AAPL stock.
He must have a pretty strong outlook on Apple.
http://www.stocktargets.com/cgi-bin/...l?command=AAPL
And why shouldn't he? Oh, yes, because Apple is completely failing in the MP3 player space...
And why shouldn't he? Oh, yes, because Apple is completely failing in the MP3 player space...
Just wait until the Zune comes out... Buh... Buhuh... BWAHAHAHAHAAHAHAHAHAHAHAAHAHAHHAHAHAAH!
I couldn't even say it with a straight face.
Now he has over $800,000 worth of AAPL stock.
He must have a pretty strong outlook on Apple.
Also of note, he is a billionaire.
Also of note, he is a billionaire.
Yes, 800,000 / 4800000000 = 0.000166666667
So it is less than 2 ten thousandths of his net worth, hardly enough to make any kind of noticeable difference no matter what happens to apple. 50 million would be about 1% of net worth for him.