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A PA VP told me Steve Jobs asked them to drop their nearly-finished Power design immediately to build AAPL a custom ARM SoC; they said no, so he bought them, to
by rphlx 17y ago
A PA VP told me Steve Jobs asked them to drop their nearly-finished Power design immediately to build AAPL a custom ARM SoC; they said no, so he bought them, to help them say yes. He probably could have poached their stars for a lot less than $278M, but I guess he was in a serious hurry, or just viewed $278M as not worth the hassle.
- hga 17y agoIf he'd tried the "poach" approach, he'd probably not have gotten intact teams and there would have been a lot of unhappy people. Buying the entire company almost certainly worked better, another sign that Jobs "gets it" even without being a hardcore techie. A one of a kind, I think.
- rphlx 17y agoPerhaps. But if you look at the comps, PA investors got a sweet deal.