Afraid that Jobs' wild spending and Woz's recurrent "flights of fancy" would cause Apple to flop, Wayne decided to abdicate his role as adult-in-chief and bailed out after 12 days. Terrified to be the only one of the three founders with assets that creditors could seize, he sold back his shares for $800.
An interview with Apple Computer co-founder Ron Wayne
(he also designed Apple's first logo
). Had he held out, his shares today would be worth $22 billion.
posted by Chinese Jet Pilot
on Jun 4, 2010 -
Silicon Sweatshops is a five-part investigation of the supply chains that produce many of the world’s most popular technology products, from Apple iPhones, to Nokia cell phones, Dell keyboards and more. The series examines the scope of the problem, including its effects on workers from the Philippines, Taiwan and China. It also looks at a novel factory program that may be a blueprint for solving this perennial industry problem.
posted by Joe Beese
on Nov 19, 2009 -
Apple iTunes 4.5
was released yesterday, bringing with it several nice new features, such as a live-updating "Party Shuffle" playlist — as well as not-so-nice features like attaching Music Store links to every artist and album in your library (I turned this off immediately). As for the iTunes Music Store
itself, Apple has integrated its QuickTime features of music videos and movie trailers (this is related to music how?), shopper-created "iMixes" and for this month, a new "Free Track of the Day," a questionable asset being that today's artist is Avril Lavigne
. ...Perhaps you'd rather have an album sung entirely with "meows"
posted by Down10
on Apr 29, 2004 -
The hugely popular iTunes
is a success story. But not for Apple, which makes virtually no revenue
from the online download service.
"When that 99 cents leaves your wallet, the RIAA monopoly swallows most of it, and the credit card companies swallow the rest. As the supplicant in this relationship, Apple is left holding the can.
" Steve Jobs -
"We would like to break even/make a little bit of money but it's not a money maker,"
posted by Blue Stone
on Nov 7, 2003 -