Path: utzoo!utgpu!news-server.csri.toronto.edu!cs.utexas.edu!sdd.hp.com!news.cs.indiana.edu!widener!dsinc!bagate!cbmvax!raible
From: raible@cbmvax.commodore.com (Bob Raible - LSI Design)
Newsgroups: comp.sys.amiga.misc
Subject: Re: commodore stock
Message-ID: <20475@cbmvax.commodore.com>
Date: 9 Apr 91 05:33:29 GMT
References: <50025@nigel.ee.udel.edu>
Reply-To: raible@cbmvax.commodore.com (Bob Raible - LSI Design)
Organization: Commodore, West Chester, PA
Lines: 28

In article <50025@nigel.ee.udel.edu> PFREY%drew.bitnet@pucc.princeton.edu writes:
>IN%"jpotter@ucs.adelaide.edu.au"  "Jonathan Potter" writes:
>
>
>>>      As of 1:03 today (4/3/91) Commodore stock is at 19 7/8,
>>>on its way to breaking the high of appr 20 it achieved 1 1/2
>>>years ago. If I can find any more detail as to why it is jumping,
>
>>Commodore stock reached about $90 in the early 80's.
>
>Really?  In one of the previous message on this discussion regarding
>Commodore stock, it has been stated that Commodore stock was released in
>1985 and its issued price was $4 per share.
>
>I doubt very much the stock dropped from $90 to $4.  I tend to see
>the other story as valid; that it was issued at $4, climbed to $19
>over a period of 6 years, and is now shooting up with this Amiga
>convention (to which I will be leaving in 5 minutes).
>
>                                                PFREY@DREW.BITNET

As an employee of CBM since JULY '82, and an occasional trader of its
stock I can shed some light on this. Soon after I got here CBM stock hit
a high of 90 or so and split 2:1. After this it zoomed to 60 or so, its
peak before it began its decline during the mid 80's. On several
occasions the stock price dipped into single digit range and even
managed to remain there for a while. In case you are curious I bought at
$7 about 2 years back(we won't talk about previous purchases, ok?).