A stock response: Last week Microsoft stock hit its lowest price since October 2002, and that was after Steve Ballmer sent an e-mail (http://blog.seattlepi.nwsource.com/microsoft/archives/103091.asp) to reassure Microsofties that although the company's stock price is falling, the sky is not. Fortunately for the world's richest man, Bill Gates sold off US$500 million worth of stock (http://biz.yahoo.com/t/62/412.html) in February when the price was still relatively high. Microsoft spokesfolk call it "prudent portfolio diversification," something Sir Bill does periodically. I do that too, only I call it "putting loose change in my piggy bank."
Jailbird or songbird?: A few celebrities showed up at the San Francisco Zoo to fete Silicon Valley venture capitalist Roger McNamee (http://www.thenewnormal.com/) at a recent surprise birthday shindig. Bono was there, as well as former tech investment banker Frank Quattrone, who may face yet another trial on charges of trying to thwart a federal probe into some dicey IPOs. The Q man broke into a mean rendition of "Rocky Raccoon," but probably turned down requests to sing "Everybody's Got Something to Hide Except Me and My Monkey." Quattrone's next singing gig? Either American Idol or Prison Break, depending on how his legal troubles play out.
Comparing Apples and Apples: Apple (the computer company) has won its latest legal wrangle (http://www.infoworld.com/article/reuters/2006-05-08_L08592117.html) with Apple (the record company), Jobs be praised. A London court has ruled that iTunes may keep its Apple-with-a-bite-missing logo. No word whether the Beatles' record company plans to sue Quattrone for murdering their music.
Send your hot tips or Beatles covers to cringe@infoworld.com and you may snag a hard day's bag.