SLD
Premium
join:2002-04-17 | 1 Billion - where's the math here?
Wouldn't he get $456,000,000? That is 5.7% of 8 billion. |
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Samwoo
join:2002-02-15
Rancho Palos Verdes, CA | i whish i could get 456,000,000... |
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needforspeed59
Cruise Ship Just Passing Through
join:2001-05-02
Glendale, AZ | reply to SLD
It probably means he owns 5.7% of the stock. Multiply that times the buyout offer. Of course, you would have to know the number of shares of Cox are issued.
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Of all the people I know... you're one of them. |
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dk1983
join:2003-10-18
Boise, ID
clubs:
 ·Qwest.net
|  Someone has to take 3 seconds to click on the link and read it. If they had they would clearly see
Gates, chairman of Microsoft Corp. (Nasdaq: MSFT), owns 33.8 million shares of Cox Communication's class A stock (NYSE: COX), or 5.7 percent of the company, according to the most recent Securities and Exchange Commission filings. At Cox's initial offer of $32 a share, Gates' stake would be worth $1.08 billion. |
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Noodlin
join:2003-07-11
Monterey Park, CA | reply to SLD
Perhaps he owns Preferred Stocks as apposed to the common stocks own by the rest of common stockholders.
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hottboiinnc
ME
join:2003-10-15
Cleveland, OH | New Name?
If the buyout goes threw wonder if he'll change the name???
Also Cox was started in Dayton Ohio. |
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kaila
join:2000-10-11
Lincolnshire, IL
clubs: | Hooray!
Bill is slightly richer! |
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53059959
Temp banned from BBR more then anyone
join:2002-10-02
PwnZone | LOL....
you can never have too much money |
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aaaaaabaaa
@qwest.net | reply to SLD
Re: 1 Billion - where's the math here?
keep in mind, this is the general public, they don't know how to calculate, they barely know how to point & click. |
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cableguy619
join:2003-06-24
Chula Vista, CA
| reply to hottboiinnc
Re: New Name?
said by hottboiinnc  :
If the buyout goes threw wonder if he'll change the name???
Also Cox was started in Dayton Ohio.
Gates isnt buying Cox, I am not sure where u get the name change...I may be lost in the discussion as well, lol..but Cox Is going to buy shares back and Gates has alot of shares.. |
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hottboiinnc
ME
join:2003-10-15
Cleveland, OH | the way i read it looked like Gates was buying Cox.
Thats what i understood though. |
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TrainBuff
The New Haven Railroad
Premium
join:2003-05-01
Buffalo, NY
clubs: | reply to cableguy619
Maybe Bill Gates will use that money to buy Adelphia.  |
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FLECOM
Bay Networks Freak
Premium
join:2003-03-03
Miami, FL
1 edit | reply to kaila
Re: Hooray!
err? how is that? he already owns the stocks, if he were to sell them @ $32 a share he would get his $1.08bil anyway... its not that he is getting more money, its just thats where he has a chunk of his money...
anywho billgates is actually pretty cash poor compared to others, just has assloads of assets in stocks bonds etc etc, but he would probably loose money were he to liquidate his assets in a hurry etc
im all up for bill bashing but this article is pretty pointless imo, its just saying that billy owns a large portion of COX, so? who cares? he owns a large portion in a nuclear shipyard? and loads of other organizations like every other rich person out there... no rich person is stupid enough to leave most of their assets as cash, dosent make you any money |
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toddbs98
join:2000-07-08
North Little Rock, AR
clubs:
 ·Sprint Mobile Broa..
| Just because he is getting a check for1.08 billion dollars doesn't mean he is made any money. No where does it say what he paid for the stock. Could be he lost money. Really don't see the point of this article, except to feed the Bill bashers. What they need to remember though is that Bill Gates is one of the largest philanthropist in this country, giving away billions of dollars.
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If the doors of perception were cleansed everything would appear to man as it is, infinite. For man has closed himself up, till he sees all things thru' chinks of his cavern.- Blake |
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CPM
join:2001-08-24
Miami, FL
| Hooray go ahead a drink red stripe beer |
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LordMalak
join:2003-07-02
Brazil
| reply to hottboiinnc
Re: New Name?
said by hottboiinnc :
If the buyout goes threw wonder if he'll change the name???
How about Dix??:D |
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hottboiinnc
ME
join:2003-10-15
Cleveland, OH | reply to TrainBuff
then turn it into MSN Cable LOL |
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KnightAR
join:2004-04-22
San Marcos, CA
 ·Cox HSI
| ...
Well, Basicly all this is tell you is that Bill ownes 5.7% of the stocks and Cox wants to go privite (Get out of the stock market). So, This is why they are trying to buy the stocks back. Bill is NOT buying Cox, Cox is just paying him for his stocks he ownes. Thats all. No name change, No buy outs.
- KnightAR |
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