Tagged: bankruptcy

Worldcom buys MCI 0

October 2, 1997: Worldcom outbid BT – Wins MCI Communications

1997– MCI was under a bid to be purchased by British Telecommunications. Worldcom came in and outbid BT to snag up the company. What made this the coup de grace is it would make Worldcom the #2 telecom provider, under AT&T. The $37 Billion dollar merger would finalize on November 10th. Then, September 1998 – MCI Worldcom would officially launch. This all crumbled in 2002 when Worldcom filed for bankruptcy.  I was an employee of Worldcom and had been since its original namesake LDDS. At the time we were awestruck. –Bill Bartholomew This Day in Tech History podcast show notes...

Osbourne 0

September 13, 1983: Osbourne Declared Bankruptcy

1983 – The Osbourne I was a computer introduced by Adam Osbourne in 1981. It featured a Z80 microprocessor and the computer would run at least $1800. However, the computer company did not fair too well. They tried to mask their true financial statements in hopes that things would turn around. However once investors found out what was going on, they would start asking questions. Osbourne could not handle the pressure and on this day they filed for bankruptcy. This Day in Tech History podcast show notes for September 13 [dithex] Reverse Engineering is a legitimate practice Hacking for Girlies 3COM...

Steve Jobs 0

September 12, 1985: Steve Jobs Leaves Apple to Start NeXT

1985 – After an interesting power struggle with John Sculley, Steve Jobs decides to throw in the towel and tenders his resignation at Apple. He announces at the Board meeting he and other low level employees will be starting a new company – NeXT. The next day, Jobs tells John Sculley that Bud Tribble, Dan’l Lewin, George Crow, Rich Page, and Susan Barnes will be leaving to join him. Jobs new company would end up becoming the foundation of Mac when it is bought by Apple in 1996 and Steve Jobs comes back to become CEO. This Day in Tech History...

Google 0

April 29, 2004: Google Filed for IPO

2004 – Google files the S-1 form with SEC for their IPO. They said they wanted to raise US$2,718,281,828; a Mathematical algorithm based on the day they filed. The form can be found at SEC.gov The stock finally started trading on August 19, 2004 at $85 a share in a unique online auction. Full Day in Tech History podcast show notes for April 29 Other Events in the Day in Technology History Apple discontinues Macintosh XL Commodore declares bankruptcy Oracle finalizes their merger of BEA Podcast: Play in new window | Download Subscribe! iTunes | Android | RSS | More Subscribe Options

Jeff Bezos 0

December 1, 2013: The Amazon Flying Drone Project

2013 – Jeff Bezos is interviewed on the show “60 Minutes” on CBS with Charlie Rose. During his interview he unveils a project Amazon has been working on – Flying drone delivery. This secret R&D project called “Octocopter” will have drones fly the packages from outposts in each city to the homes. In a project Amazon is calling “Prime Air”, they expect the delivery system to be available in the next 4-5 years. Charlie Rose’ reaction summed it up. “Oh, my God!”. 1999 – It was the most expensive internet domain name. Business.com was first bought in 1997 for $150,000 by...

Napster 0

November 25, 2002: Roxio Purchased Napster

2002 – While in Bankruptcy since the following September, Roxio – along with the Private Media Group – came in and took over the $2.43 million dollar company. They took all logos and names and rebranded it “Napster 2.0”. This time, Napster was a pay site – merging technologies with Roxio Pressplay.The sale completed in 2003Ultimately, the company was purchased by Best Buy in 2008. This Day in Tech History podcast show notes for November 25 DVD Jon releases the crack to WMV9 codec ICANN and the US Commerce Memorandum of Understanding Playboy files suit against Rusty n Edie’s BBS Podcast:...

Bomb 0

November 19, 1993: Don’t Post Bomb Instructions Online

1993 – The Ionizer – Otherwise known as Michael Elanky, recieved 28 months in prison for posting bomb-making instructions on his BBS. There have been other instances of this throughout history, but Elansky was a member of the International Information Retrieval Guild, a computer group very much concerned with freedom of speech and freedom of information. Like the group with which he was affiliated, Michael felt strongly about our First Amendment rights.Therefore, he posted on his BBS – called the Warehouse – instructions on making bombs. Michael was arrested back in July 1993 and couldn’t post the $500,000 bail. Therefore...

Pets dot com sock puppet 0

November 7, 2000: Pets.com Closes

2000 – It was a time that would be known as when the Bubble burst. The event technically happened on March 10, 2000. Since that time,  dot com-ers began losing their sites and livelihood. Although Pets.com had a pretty good run and marketing strategy, they didn’t have the momentum to keep investors on board. The company worked hard at trying to sell, but even the puppet mascot of a dog holding a microphone wasn’t enough to reel in an interested buyer. The only good sales at Pets.com were the sock puppets, which was eventually sold upon bankruptcy to a company...