Remember When: Microsoft Invests 150MM in Apple (1997)
Hearing the news that Apple posted revenue of $15.68 billion and a net quarterly profit of $3.38 billion got me thinking back when Steve first returned to an Apple that was in dire straights, and the big news was that that Microsoft (embroiled in anti-trust lawsuits) was investing 150MM in Apple. Apple was also about 3% of the PC market share. And now apple posts PROFIT in one quarter at 22 times that amount.
STEVE JOBS, Co-Founder, Apple Computer: The era of setting this up as a competition between Apple and Microsoft is over, as far as I'm concerned. This is about getting Apple healthy, and this is about Apple being able to make incredibly great contributions to the industry to get healthy and prosper again. (applause)
MARGARET WARNER: There were gasps and some boos from the crowd at Jobs' announcement. Then Microsoft chairman Bill Gates appeared on a huge screen via satellite.
BILL GATES, CEO, Microsoft Corp.: Some of the most exciting work that I've done in my career--and it's been the work that I've done with Steve on the Macintosh. We're very excited about the new release we're building. This is called Mac Office 98.
*VIA way back http://www.pbs.org/newshour/bb/cyberspace/july-dec97/apple_8-6a.html#
