Tagged: bankruptcy

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October 9, 1998: Hayes Microcomputer Filed Chapter 11

1998 – We all remember the modem, right? Dial into the internet through an ISP? Some of you may still have that technology, but if you have dealt with modems for a while, you remember Hayes. The Hayes corporation was pretty big back in the day – giving your Apple II connectivity to the world. Well, that is until 1998 when it’s course ran out. Stocks went from $12 a share, down to almost nothing. Hayes had no choice but to file for bankruptcy. Zoom Technologies (now called (Zoom Telephonics) bought the company out in 1999. This Day in Tech...

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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...

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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 Reverse Engineering is a legitimate practice Hacking for Girlies 3COM spins...

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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...

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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 | DownloadSubscribe! Apple Podcasts | Android | RSS | More

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