Gateway computer makes a bold move and purchases rival eMachines for 50 million shares of Gateway common stock and $30 million in cash.
eMachines was a company founded by Lap Shun Hui along with South Korean companies Korea Data Systems, and TriGem. Their strategy was to put a PC in every house starting at $399.
These computers housed lower-end processors, and Windows OS – enough for the average person to get on and get online.
eMachines had previously purchased Free-PC; the company that offered free computers in exchange for pop-up ads while browsing.
Gateway finalized the acquisition in March. Wayne Inouye was placed as CEO, and eMachines stayed a separate company.
Ultimately, Gateway computers was purchased by Acer computers. The eMachines brand was ultimately discontinued on Jan 17, 2013.
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Atari starts using the slogan “Innovative Leisure”
1983 – at an introductory price of $9995, Apple introduces the Lisa computer – the first computer with a GUI (Graphical User Interface). The computer featured a 5 MHz 68000 microprocessor, 1 MB RAM, 12″ monochrome monitor, dual 5.25″ 860 KB floppy drives, a 5 MB hard drive and more.
Lisa cost Apple Computer US$50 million to develop. The software for it cost Apple Computer US$100 million to develop.“Lisa” is an acronym for Local Integrated Software Architecture.
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1983 – During the CP/M Show, Franklin Electronic Publichers revealed the Franklin Ace 1200 computer. The main feature of this computer (like the other Franklin computers before) was the fact they copied Apple’s ROM and operating system code.
The Ace 1200 came with a Zilog Z80 processor a 1 MHz, 48K RAM, 16K ROM,2 – 5.25 Floppy disks and four expansion slots. The computer was announced here but didn’t come out until 1984. It cost the consumer $2,200
At that same show, Radio Shack introduced the TRS-80 Model 12 for $3,200
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2012 – Yahoo! had some turbulent times from 2007 when founder Jerry Yang was CEO. Of course the big debacle being the Microsoft bid, which took over 9 months to settle with Carl Icahn being a major instigator.
Add to that the 2007 incident of the arrest of Shi Tao and Yahoo’s stance. Tao was arrested for divulging trade secrets and Yang put out a statement saying “We have to comply with Chinese Law”.
During this whole time, Yahoo shares were declining. Yang was replaced in 2009 by Carol Bartz, but remained on the board until 2012 when Yang fully resigned from all positions in the company.
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Other Historical Events in Technology
The infamous “Apple Ad” shows up in movie theatres
2004 – Once Commodore dropped from the market in the 80’s, it pretty much started bouncing around the world from company to company. Ultimately it landed in the lap of KMOS – a Deleware company. However, on this day, Dutch Manufacturer Tulip sells the company to Yeahronimo Media Ventures for about US$32.7 million.
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1994 – Microsoft releases the second version of the Windows NT OS – Windows NT 3.5 in two flavors; NT Workstation and NT Server. This replaced NT 3.1 and was the first Windows NT version to have a Server and Workstation version. NT 3.5 integrated Winsock and TCP/IP support for dial-up and networking. NT 3.5 also initiated FTP and LPR printer support. The VFAT option also allowed for naming conventions up to 255 characters.
This version was a problematic one, especially since it couldn’t install on a machine with a Pentium processor inside. Therefore, NT 3.5.1 was released in 1995 to supplement.
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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.
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2007 – Terry Semel was under pressure by the board because of dissatisfaction of his compensation. Terry was brought in to create a partnership with Hollywood, which really didn’t happen. He handed the reigns over to Jerry Yang, who started promising revitalized talks with Microsoft. There are a few that even speculate that was when the buyout of Yahoo began. Jerry Yang stepped down in 200
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1999 – Palm announces the m100
2009 – Jammie Thomas-Rasset was found guilty of copyright infringement and ordered to pay 1.92 million to the RIAA.