[Swordmaker]

Apple offered stock options to Xerox in return for getting access to the PARC research.

Not stock options. Apple gave Xerox one million shares of pre-IPO Apple common stock worth $7 per share. They gave them an interest in the company! Xerox became an owner of Apple! They sold those shares after the IPO for about $16 million.

[af_vet_rr]

Not stock options. Apple gave Xerox one million shares of pre-IPO Apple common stock worth $7 per share. They gave them an interest in the company! Xerox became an owner of Apple! They sold those shares after the IPO for about $16 million.

I remember hearing from somebody who worked at Xerox in those days about how Xerox should have held on to that stock for a while. Anybody know what that stock would be worth now?

I know of at least two Apple stock splits, so just with those, Xerox's shares could be worth over a billion and a half dollars.