SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Apple Inc.
AAPL 271.84-0.4%Dec 31 3:59 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Jeff Hayden who wrote (57790)10/11/2006 5:50:38 PM
From: inaflash   of 213177
 
Jobs' mission is still going.

Yes it is.

I meant it more as a rhetorical question to the NeXT buyout and integration. Retrospectively, I think Jobs and the NeXT team delivered far more than than expected. Any promises made (by NeXT) that were not kept? What more was achieved than originally thought?

Recall, NeXT ran on Intel for a while among others...more history...

Excerpts from en.wikipedia.org :

- Starting NeXT Inc. with an out-of-pocket investment of US$7 million, Jobs hired several employees...

- about Jobs' demands for the factory and the cube are now legend
- [Perot] invest US$20 million in 1987 for 16% of NeXT's stock [values company at $125M]

- In 1989, Canon invested US$100 million into NeXT, a 16.67% stake. [values company at $600M]

- [In 1992]...Canon to invest a further $30 million to keep the company afloat

- Also in 1993, CEO of Sun Microsystems Scott McNealy announced plans to invest US$10 million in NeXT, and use its software in future Sun systems.[23]

- On December 20, 1996, Apple Computer announced its intention to purchase NeXT for $377.5 million in cash (returned to the initial investors) and 1.5 million Apple shares, which went to Steve Jobs.

[Looks like Canon may have lost some money, but everyone else may have made a small profit]
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext