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July 16, 2007 Make Mine An Apple
The story is quite simple. Five years ago today Microsoft's stock was trading at $22.675 per share and has climbed all the way to $29.97. Apple closed at $7.17 on June 22, 2002 and finished Friday at $132.30. iPhones, iPods and MacBook Pros vs. Vista - not really even a fair fight. Steve Jobs has demonstrated an amazing ability to build value in his organization over the past five years and unless you are a five year shareholder of Microsoft stock or an equity analyst you probably don't realize how marginal the returns have been. However, as we all know value is based on future expectancy, which stock would you buy today?
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