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How much was Power Computing worth? At today’s prices, $7.2 billion

A quick note on the excellent article in Macworld on the clone era:

“The third strike came on September 2, when Apple announced the purchase of Power Computing for $100 million in Apple stock. “

At the time, Apple stock was worth around $5 per share, giving Power’s owners roughly two million shares of the company. Factoring in the 2005 stock split, that would now be worth roughly $7.2 billion if they’d held on to it.

Someone, probably Olivetti (which bankrolled Power) got a good deal there. I wonder if they knew it at the time?

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