|hqew||Date: Saturday, 2014-01-25, 4:02 PM | Message # 1|
|Feature The countdown continues as we step through the 10 most important events that have shaped the evolution of the Apple Macintosh over the past 30 years. |
Click here for Part 1... or read on.
In this episode: the return of the prodigal son, the attack of the clones, the invasion of Chipzilla, and how an old enemy came to the rescue of an ailing rival...
About 9:30am, Wednesday morning, 6 August 1997 – Microsoft tosses Apple a much-needed $150m bone
Reg Hardware retro numbers
Gather ’round, you millennials, and listen to your ol’ Reg hack as he recounts a tale from an age when the world was topsy-turvy, a time when Apple was on the ropes with its share price mired at five bucks and change, and Microsoft’s stock was rocketing upward to its eventual high point of nearly $60 per share in December 1999.
This week, by comparison, Apple’s shares are selling at around $550, down from their peak of just over $700 in September 2012, and Microsoft is going for around thirty-five bucks. Things change.
It was mid-1997. Apple CEO Gil Amelio had just been given his walking papers in what The New York Times termed an All topics about PCB technology http://pcb.hqew.net/special/“abrupt ouster” and “the latest unsettling development for a company whose recent history has often resembled a corporate soap opera”. Steve Jobs was back in charge and, as reported in BusinessWeek, he was not a happy camper.
“The products SUCK!” he shouted at a group of Apple execs. “There’s no sex in them anymore!”