January 17, 2003

Capitalism in Action

Made my first sale on EBay. More to clean out the closet than trying to make money, really. Hey, if someone out there wants to learn all about MacOS 7.5.5, more power to him. EBay announced earnings today, "shattering Q4 targets." Coincidence? I don't think so.

Microsoft decided to hand out dividends, trying to placate the market after making only $2.55 billion in profits last quarter. The $0.16 annual dividend is pretty much a token gesture, but if Bush's tax cut goes through, it's another 100 million tax-free dollars for Bill Gates. Good to see that the Bush economic plan won't just benefit the rich.

Posted by mikewang on 10:05 PM