Rival to make $150 million investment
Article Abstract:
Microsoft has invested $150 million in Apple, creating a business and financial partnership aa well as establishing a numerous sales and technology agreements. Microsoft decided to invest in Apple because of its large market in such Macintosh software as spreadsheets and word-processing programs. Microsoft finds itself in a position where it cannot afford to allow its archrival to go out of business. Apple's stock rose $6.5625 when news of Microsoft's investment was released to reach $26.3125, the highest point since May 1996. One of the agreements reached between the companies was a decision to end a cross-licensing patent dispute. Microsoft will also release Macintosh Office software packages on same time table as it releases Windows programs.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1997
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An industry and its founders grow up
Article Abstract:
At the 1997 MacWorld Expo, Apple co-founder, Steve Jobs, announced that Microsoft would invested $150 million in the faltering computer company. Apple and Microsoft also established a number of agreements to work together in the future on several technology and sales fronts. The deal struck between Microsoft's Bill Gates and Jobs symbolizes how large stake Microsoft has in Apple. Microsoft makes office and word processing programs for Macintosh computers, a market that brings in several hundred million dollars annually in revenue. The computer industry has begun to unbend in its staunch disdain for Washington. The rise of the Internet responsible in a large part for this, as the industry does not want politicians to mess things up.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1997
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Growing compatibility issue: computers and user privacy
Article Abstract:
Privacy advocates and the computer industry have squared off over identification numbers that computers use to authenticate users and exchange data. Industry leaders, such as Intel and Sun Microsystems, contend these electronic serial numbers are necessary for the transparent and secure functioning of phones, computers, software programs, and increasingly, other household appliances. Privacy advocates, like the Electronic Privacy Information Center, are concerned that the government and others can use this information to track the activities and conversations of individuals. This is the latest round of the debate about the degree of security and anonymnity digital technologies should offer.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1999
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