Tagged: assets

Lenovo 0

December 8, 2004: IBM sells PC Division to Lenovo

2004 – It was an interesting day in the Tech community when we heard the news. IBM was getting out of the desktop and laptop markets and focus on server and infrastructure. They started by selling all their assets to Lenovo – China’s largest computer manufacturer. Lenovo wasn’t a household name in the US, but this pretty much changed that overnight.The deal was for $650 million in cash and $600 million in stock. Lenovo would also acquire $500 million in IBM liabilities, which would put the total to $1.75 billion. In return, Lenovo would instantly become the 3rd largest PC...

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Napster 0

July 26, 2012: Google Fiber Launched,2000: Napster Injunction Issued

2012 – Google ran a contest for people to tell them why they should have fiber installed in their city. After millions of entries and a lot of interesting videos trying to convince the judges, Google decided that Kansas City KS would be the first fiber city. On this same day, Google also showed off Fiber TV service. 2000 – The Recording Industry Association of America was after Napster ever since the site came on-line. It was the promotion of illegally searching and downloading music and sometimes video. in 2000, Judge Marilyn Hall Patel issued a preliminary injunction against Napster, ordering the...

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Doom Unofficially Released 0

July 25, 2005: Violent Video Games Bill Goes into Law

The sale of Video Games began to really heat up in 2005 as Illinois Governer Rod Blagojevich signs a bill into law restricting the sale of violent video games to minors. You could be fined up to $1,000 for selling games with adult ratings. Immediately, video game groups sued, claiming the law is a restriction on free speech.The law would be deemed unconstitutional and repealed by US District Judge Matthew Kennelly. Full Day in Tech History podcast show notes for July 25 Ericsson purchases Nortel‘s CDMA and LTE assets Sinclair Radionics is founded Duck Dodgers and the 24 1/2 Century is first...

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Microsoft Logo 0

February 1, 2008: Microsoft Bids Yahoo, 2012: Facebook Files IPO

2008 – Microsoft officially made a move to put a bid in for Yahoo! They announced a plan of $31 a share, which was 62 percent of premium common stock from Yahoo! This was not the first time Microsoft had made a play for the company, but this was the most covered by press. Yahoo! would eventually decline the offer of Microsoft, claiming they undervalued the company. This would bring Carl Ichan to the forefront which would lead to months of speculation and debate.  Although Yahoo! did not take the bid, they did end up selling the search assets in 2009 under...

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Facebook 0

February 1, 2012: Facebook Announces IPO

2012 – Facebook’s Mark Zuckerberg announced the company will be filing for Public IPO. The company will be looking for 5 billion dollars for the social network. Zuckerberg wrote in a letter to potential investors: We think it’s important that everyone who invests in Facebook understands what this mission means to us, how we make decisions and why we do the things we do. I will try to outline our approach in this letter. Trading began on May 18, 2012 at $38 and whereas the company was expecting a higher price, the stock closed at $38.23. The following day the...

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