updated 11:50 pm EDT, Wed June 19, 2002
CNN/Money contributing columnist Adam Lashinsky discusses the prospect of an investor (Sony, Dell, Disney, etc.) buying Apple for as little as $6 per share (given its $4 billion plus in cash reserves or about $11 per share): "The response by anyone who knows Apple: No way....For starters, Apple is run like a quasi-private company. To its credit. CEO Jobs, the largest single shareholder, owns only 5.85 percent of the shares, according to the company's most recent proxy statement. But he holds an effective veto on any major transaction that wouldn't be to his liking."