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Gary Locke

Paul Allen gaining respect with sports, real estate moves

Paul Allen, the lesser known co-founder of Microsoft Corp, has struggled for decades to make his mark as a business mogul beyond the software company he started with Bill Gates.Since he quit Microsoft in 1983, the quiet Seattle native has lost billions of dollars on ill-conceived or mistimed technology investments, and he has been mocked as a juvenile playboy manquÛÛ for spending lavishly on giant yachts and off-beat projects like a Frank Gehry-designed rock museum.But in recent years, Allen's ventures in decidedly low-tech sectors ÛÛÛ sports teams, commercial real estate and energy pipelines ÛÛÛ have come to look prescient.Together with a new round of tech investments and an ambitious philanthropy program, they may yet establish Allen as much more than Gates' lucky junior partner.Allen's NBA Portland Trail Blazers and NFL Seattle Seahawks, both purchased years ago for what appeared to be non-business reasons, are now worth many times what he paid for them. Even his part-ownership of t...

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