(and Steve Jobs returned to Apple)
On December 20, 1996 — 18 years ago today — Apple announced that it had purchased NeXT, the company that Steve Jobs built after he left Apple about a decade earlier. Apple paid $429 million and 1.5 million shares of Apple stock for the acquisition; moreover, as part of the deal, Steve Jobs (who was chairman and CEO of NeXT) agreed to return to Apple. NeXT had developed an innovative object-oriented operating system (OS) and robust development environment — the kind of OS that Apple was realizing it needed to keep up with advances in hardware and was trying to build internally but taking too long. The NeXT hardware, the first to ship with a chip to support sophisticated music and sound processing, was used by Tim Berners-Lee at CERN to develop the software for the world-wide web; and it was a proven entity that had been purchased by many corporations from critical work.
Apple’s management realized that it needed to transition away from its use of the Motorola PowerPC processor to Intel’s chips, because the Intel chips were used by so many more computer vendors and thus less expensive and more likely to lead in advancements as Intel had a bigger R&D budget. Apple was trying to port the MacOS to Intel, but the struggle was so difficult that it decided to find a company that had already achieved the task. There were only two companies, BeOS and NeXT, but there was only one company that had more experience and was led by the co-founder of Apple: NeXT.
It still took Steve Jobs and Apple almost another decade to make the transition from the PowerPC architecture to Intel, even though Jobs had wanted to make the transition much sooner. In June 2005, Jobs announced that Apple would make the transition to Intel. In the meantime, Jobs had launched new iMacs, iPods, iTunes, Apple retail stores, with more changes to come as Apple moved from a company near bankruptcy in 1996 to the greatest capitalized company in the world. What an historic business purchase — arguably the best acquisition in the history of business.
•Frames from: https://www.youtube.com/watch?v=QhhFQ-3w5tE
Since from beginning around 8th standard i am fascinated by web.it took me a lot of time in understanding of web technologies. until in august 6 2014 i joined the kapnovate technologies.the stuff i do here Front end work (html,css,js) Email Design &…
- PES UniversityM.Tech in Cloud Computing, 2015 - present
- Nalanda Vidya Niketan2007 - 2008
- Sri Chaitanya PU College2008 - 2010
- Nagarjuna College of Engineering & TechnologyComputer Science, 2010 - 2014
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