Linked by Thomas Hormby on Wed 17th Nov 2004 19:43 UTC
According to many economists, Gilbert Amelio is the savior of businesses in trouble. With this in mind, the board of directors at Apple decided to appoint Gil Amelio to the board after reporting another huge loss in 1994. At the time, Michael Spindler was the head of Apple, and sales in every division. The board accepted Spindler's resignation and appointed Gil Amelio to the helm of Apple.
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"If you don't fathom the need for the $150 Million to help keep the doors open than you never worked at Apple during the merger. I did. We needed the money, bad."
Bull.
The cash bleed had already been stopped and Apple has several hundred million on hand. The MS investment was more an injection of confidence than a lifeline.