Apple decides cloning isn't its route back to profitability
Article Abstract:
Apple announced that it would purchase Power Computing's Macintosh core business assets for $100 million, in a move that for all intents and purposes ends Apple's cloning strategy. The move represents a reversal for Apple, which introduced Macintosh licensing in 1995. Apple co-founder and returning leader Steven P. Jobs said the company could no longer replicate the strategy that IBM and Microsoft introduced in the early 1980s. Jobs said Power Computing, the largest and most assertive Macintosh licensee with nearly $400 million in annual sales, drew less than 1% of its sales from new Macintosh users. Power Computing will shift its emphasis to Wintel computers that operate Intel chips and Microsoft Windows. Apple has not reached other agreements with major licensees that include IBM, Motorola and Umax, Jobs said. Some Macintosh users, who seek a wider selection of hardware vendors, have responded angrily to Apple's licensing move.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1997
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Deal is concluded on Netscape sale to America Online; Sun Microsystems a key; 3-way, $4.2 billion pact seeks to broaden Internet access with new technology
Article Abstract:
America Online announced the acquisition of Netscape for $4.2 billion, saying the move represents a bid to compete with Internet heavyweights such as Microsoft and IBM in the promising electronic commerce market. Executives at both America Online, the leading US online service, and software giant Netscape envision their alliance at the forefront of a ubiquitous and more user-friendly World Wide Web that facilitates a range of customer needs. A key component to the deal is a separate marketing and technology development agreement between America Online and Sun Microsystems, which figures to strengthen Netscape's powerful Internet site software. Sun features its Java programming language and Solaris OS, as well as credible and powerful PCs. Financial conditions of the stock swap call for America Online to exchange 0.45 of each share for a full Netscape share.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1998
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