In a four minute meeting, the stockholders voted 42 million to 11 thousand in favor to the merge Atari and JTS in 1996. Because of the decision, Sam Tramiel picks up the severance checks, but agrees to stay in office while the company transitions. JTS held the Atari name until March 1998 when Hasbro bought the brand for 5 million dollars.
1983 – Windows 1.o was announced at the Helmsley Palace Hotel in New York City. It was one of the most elaborate product introductions to date. Gates says Windows 1.0 will officially release in 1984, yet it didn’t release until June, 1985.
1986 – Back in that day, Comdex was the big computer show. There were two versions: one that was held in Chicago in the spring and the other in Las Vegas mid-November. At this time, Atari was the big dog on the block. Jack Tramiel was putting all efforts in this years Comdex after seeing a small dip in the shares.So they set up a 65 booth display with different 3rd party developers that would show off what the Atari could do. The big innovation that year – the SX212 1200 baud modem for $99.95. They also showed off the Atari 2600jr and the Atari 7800, and because of that impressive show, Atari boasted a $25 million profit that year.
Of course, the company went well for a few more years, merged with JTS, which was then bought by Hasbro in 1998. The company still is survived in a way to this day, but not in the glory that it was back then.
2014 – Mark Zuckerberg told the press he called President Barak Obama to bring his concerns to the table. The Facebook post talked about trust on the Internet, keeping it a shared space and how we should work together to create a secure environment.
“I’ve called President Obama to express my frustration over the damage the government is creating for all of our future. Unfortunately, it seems like it will take a very long time for true full reform.”
The NSA stated they do not use their technical abilities to impersonate US company websites. The refuted all reports.
February 13, 1996: JTS merges with Atari[/caption]
1996 – Atari Corporation announces the merger with Jugi Tandon Storage (JTS). Atari extended a bridge loan of $25 Million so JTS can still build drives. The company would still be known as JTS, but Atari would own 60% of the company.While Atari was sold to Hasbro via THQ, JTS could not emerge from the debts. They ended up filing Chapter 7 bankruptcy on Feb 28, 1999.
1983 – Windows 1.o was announced at the Helmsley Palace Hotel in New York City. It was one of the most elaborate product introductions to date. Gates says Windows 1.0 will officially release in 1984, yet it didn’t release until June, 1985.
1986 – Back in that day, Comdex was the big computer show. There were two versions: one that was held in Chicago in the spring and the other in Las Vegas mid-November. At this time, Atari was the big dog on the block. Jack Tramiel was putting all efforts in this years Comdex after seeing a small dip in the shares.So they set up a 65 booth display with different 3rd party developers that would show off what the Atari could do. The big innovation that year – the SX212 1200 baud modem for $99.95. They also showed off the Atari 2600jr and the Atari 7800, and because of that impressive show, Atari boasted a $25 million profit that year.
Of course, the company went well for a few more years, merged with JTS, which was then bought by Hasbro in 1998. The company still is survived in a way to this day, but not in the glory that it was back then.
This Day in Tech History podcast show notes for November 10
In a four minute meeting, the stockholders voted 42 million to 11 thousand in favor to the merge Atari and JTS in 1996. Because of the decision, Sam Tramiel picks up the severance checks, but agrees to stay in office while the company transitions. JTS held the Atari name until March 1998 when Hasbro bought the brand for 5 million dollars.
Full Day in Tech History podcast show notes for July 30
2014 – Mark Zuckerberg told the press he called President Barak Obama to bring his concerns to the table. The Facebook post talked about trust on the Internet, keeping it a shared space and how we should work together to create a secure environment.
“I’ve called President Obama to express my frustration over the damage the government is creating for all of our future. Unfortunately, it seems like it will take a very long time for true full reform.”
The NSA stated they do not use their technical abilities to impersonate US company websites. The refuted all reports.
1986-$21.00 a share was the first price for stock in Microsoft. 2.5 million shares were sold, raising the price to 27.75 and netting the company 61 million initially. Since then, the highest it has gone was 57.91 on Dec 24th, 1999. Yet with about 10 stock splits and several dividends in the 24 years, people definitely got their money’s worth. If you would have purchased 100 shares in 1986 and let those shares ride until today, you would have 102,400 shares of stock at appx. $29 a share.