Friday, February 17, 2006

I want to be a garage millionaire !

Apple computer started out as a two-man partnership in a garage. It grew rapidly and by 1985 grew to hold 60 million shares of stock and a total market value in excess of $1 billion. Not bad ha?
After some sour business, the co-founding Steven Jobs resigned only to be rehired to his old job as CEO again , a few years later after the good entrepreneur formed his own company, Pixar studios (Finding Nemo)..

Jobs was named manager of the year by Business Week in 2004 following the introduction of the Apple iPod family.

6 comments:

adorra said...

I want to be any kind of millionaire!

Entrepreneur said...

apple's 12 mo chart looks nuts. The stock split in 2005.

The technicals were nice, a range bound ascent with plenty of momentum. I know a number of large institutional investors that rode the iPod wagon and made plenty of money. They were also invested in the component makers, namely the jogwheel.

Waleed bin talal of Saudi was a large investor in Apple via his Kingdom Holding Co... not sure if they exited yet. He is lucky he made back his money, just as in his Citigroup investment.

Anonymous said...

Steve Jobs is a very intelligent and creative man!

But apple is really secretive about their products. I had a friend of mine work there and he had to sign 4 secrecy agreements! its crazy.. also on of the managers wore a skirt and shoes!

Where they work is really nice! They have gym and a nice cafeteria! I went to the Cupertino campus! Sooo nice!

Anonymous said...

one of the managers wore a skirt and shoes.. his legs were very hairy as well! lol

Entrepreneur said...

it was probably a sarong...

not skirt

Unknown said...

He sold his Pixar baby now to Disney for $7.4 Billion and he has a chair on the Disney board of directors.... Just in case u didn't know