In what is concidered the first movie projector, Eadweard J. Muybridge demonstrated the Zoopraxiscope.
Ten years after the company’s founding, the Microsoft Corporation makes its initial public offering (IPO) on the New York Stock Exchange, selling stock to the public at US$25.75 per share. By the end of the day, the value of the shares rose to US$27.75 and 2.5 million shares are sold. The initial public offering raises US$61 million.
The FCC rules that companies can own up to thirty AM and thirty FM radio stations, an increase from the twelve that any one company could previously own.
In New York, Apple Computer and Bandai demonstrate the Pippin Atmark multimedia system, to recruit software developers.
The Net Book Agreement, under which publishers could dictate the price at which UK booksellers could sell books, is ruled anti-competitive by the Restrictive Practices Court and is banned.
A Next Generation Online expose reports that Sega has formally decided to discontinue the sale of Saturn hardware and software in the United States.
Although representatives of Hasbro and JTS Corp. issued flat denials just days prior, at 5:00PM, JTS issues a press release admitting that they had sold Atari assets to HIACXI, a wholly-owned subsidiary of Hasbro Interactive, for five million dollars.
ScanSoft, based in Peabody, Massachusetts, acquires Caere, maker of Omnipage, a competing small systems software product for optical character recognition (OCR). ScanSoft’s OCR products, including OmniPage, TextBridge, and PaperPort, are marketed through partnerships with Apple, Brother, Canon, Epson, Fuji, Fujitsu, Hewlett-Packard, IBM/Lotus, Microsoft, Mustek, Primax, Sharp, Symantec Corporation, Visioneer, and Xerox. The only significant competitor left in the small systems OCR market, after the acquistion is Russian Abbyy’s FineReader.
AMD releases the Athlon XP 2100+ processor. Price: US$420
Twitter launched in Beta by Biz Stone, Jack Dorsey and Evan Williams
Ubuntu founder Mark Shuttleworth joins the Linux Foundation board
Yahoo opens their search to third-party developers and plans to support semantic Web standards.
A 15-year old is suing Apple because apparently an iPod Touch exploded in his pocket at school.
Jerry Jalava becomes the first person with a Prosthetic.. Thumbdrive.
A girl is banned from selling Girl Scout cookies on YouTube. YouTube took down the video because it violated their sponsorship
With a $2 million dollar goal, The Veronica Mars movie project hit Kickstarter. It was funded within 12 hours and – when all said and done – raised $5.7 million.
Oracle acquires Nimbula Cloud OS software in their plans to compete with Amazon Cloud services. With the purchase comes the original creators of AWS.
Twitter launched it’s first official app for Windows 8 RT and Windows 8 machines
Mark Zuckerberg called President Barack Obama to express his frustration over NSA spying.