Bill Gates on Steve Jobs in 1998: “He knows he can’t win”

i, Cringely, with an audio tape of Bill Gates talking about Steve Jobs back in 1998. The money quote:

What I can’t figure out is why he (Steve Jobs) is even trying (to be the CEO of Apple)? He knows he can’t win.

12 years ago, Microsoft’s stock was at $29 and the company’s market cap was about $250-billion. Apple’s stock was $7.24 with a market cap of about $6-billion. Today, Microsoft’s stock is about $30 with the same market cap. Apple’s stock is $240 with a market cap approaching $220-billion.