Apple Now Debt Free, Says Internal Memo

Posted by timothy on Wednesday February 18, 2004 @07:08AM from the sprightly-even dept.

An anonymous reader writes "99mac.se publishes an internal memo from Steve Jobs to Apple employees today. According to the Memo, Jobs states that "Today is a historic day of sorts for our company." Apple used $300 million in cash to pay off the rest of their debt, and is now a debt-free company. A big turnaround from over $1 billion in debt in mid-1997. Also noted in the memo is that Apple has $4.8 billion in the bank at this time." (Since this is not coming straight from Apple, confirmation -- or debunking -- would be helpful.)

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Re:want confirmation? by glitch! · 2004-02-18 08:15 · Score: 2, Offtopic

I doubt it's true. That bastard Jobs still owes me $5 from high school.
Dude, Lemonade Stand was just a game. A game :-) (Even if you did discover that you could raise the price to $1 million on a hot day and still sell one...)

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