EDS went public in 1968 and the stock price rose from $16 a share - TopicsExpress

EDS went public in 1968 and the stock price rose from $16 a share to $160 within days. Fortune called Perot the "fastest, richest Texan" in a 1968 cover story.[citation needed] In 1984 General Motors bought controlling interest in EDS for $2.4 billion. In 1974 Perot gained some press attention for being "the biggest individual loser ever on the New York Stock Exchange" when his EDS shares dropped $450 million in value in a single day in April 1970.[12]

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