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This is a myth. Jobs negotiated access to PARC technology as part of a deal in which Xerox bought shares in Apple at $10/share[0], selling about a year later at
by exidy 2y ago
This is a myth. Jobs negotiated access to PARC technology as part of a deal in which Xerox bought shares in Apple at $10/share[0], selling about a year later at $22/share. Those shares would be worth around $5 billion today.
Xerox did later sue Apple for IP infringement, however most of their claims were dismissed[1].
[0] https://web.stanford.edu/dept/SUL/sites/mac/parc.html https://web.stanford.edu/dept/SUL/sites/mac/parc.html
[1] https://arlingtonmnnews.com/articles/bits-and-bytes/xerox-versus-apple-star-wars/ https://arlingtonmnnews.com/articles/bits-and-bytes/xerox-ve...
- mmooss 2y ago> Xerox bought shares in Apple at $10/share[0], selling about a year later at $22/share. > [0] https://web.stanford.edu/dept/SUL/sites/mac/parc.html https://web.stanford.edu/dept/SUL/sites/mac/parc.html I searched the cite for the 'share', '10', '22', 'sold, 'sell', 'bought', 'buy', 'purchase', and found nothing. ?
- exidy 2y agoApologies, I was juggling multiple sources. The Xerox VC investment into Apple is a matter of public record, the figure of $10/share is widely quoted, including in the Walter Isaacson biography of Steve Jobs[0]. Exactly how and when Xerox disposed of its shares is not public record, but it's known to be around that timeframe and certainly Xerox made a profit. The book _Dealers of Lightning_ goes into more detail about the deal if you're interested[1]. [0] https://www.cnbc.com/2018/05/21/why-your-computer-has-a-mouse-according-to-steve-jobs.html https://www.cnbc.com/2018/05/21/why-your-computer-has-a-mous... [1] https://www.goodreads.com/book/show/1101290.Dealers_of_Lightning https://www.goodreads.com/book/show/1101290.Dealers_of_Light...