5 ms·
When did Apple sell their shares in Arm? Arm was cofounded by Apple, Acorn and VLSI.
by mattl 3y ago
When did Apple sell their shares in Arm?
Arm was cofounded by Apple, Acorn and VLSI.
- deleted 3y ago[deleted]
- macintux 3y agoAfter the Newton was shut down, 1998, according to this: https://www.cpushack.com/2010/10/26/how-the-newton-and-arm-saved-apple-from-death/ https://www.cpushack.com/2010/10/26/how-the-newton-and-arm-s...
- gumby 3y agoThey were really out of cash. Jobs convinced Gates to give them $150MM as well (Apple's existence helped MS with antitrust; Apple desperately needed the cash).
- macintux 3y agoAs I recall, the dash was less important than the commitment to keep Office on the Mac. (Maybe IE too?)
- gumby 3y agoThey really were desperate for cash.
- EricE 3y agoBut as Jobs pointed out at a conference where this came up, the perception that the Mac had legs (because Microsoft still was committed to them) was far more important than the money. If people don't have confidence in your platform, all the money in the world doesn't mean squat.
- tzs 3y agoThey had around $1.2 billion in cash reserves at the time.
- teepo 3y agoGreat find! I really dig these circular stories that shape the electronics history. The story behind ARM has always fascinated me. The search for low power with efficiency kind of seems like the holy grail of the time. The Acorn story reminds me a lot of the Po Bronson novel "The First $20 Million Is Always the Hardest: [1] 1. https://www.goodreads.com/book/show/306422.The_First_20_Million_Is_Always_the_Hardest https://www.goodreads.com/book/show/306422.The_First_20_Mill...