Apple to Acquire Power Computing for $100M
CUPERTINO, Calif.--Sept. 2, 1997--Apple Computer, Inc. announced today that
it will acquire Power Computing Corporation's core assets in a deal valued
at $100 million in Apple common stock. Included in the key assets Apple
will acquire are the right to retain key employees with expertise in direct
marketing, distribution, and engineering; Power Computing's customer
database; and the license to distribute the Mac OS operating system.
"Power Computing has pioneered direct marketing and sales in the Macintosh
market, successfully building a $400M business, " said Steve Jobs, Apple
Board member. "We look forward to learning from their experience, and
welcoming their customers back into the Apple family."
"Power Computing is grateful for the tremendous support and encouragement
we have received from the entire Macintosh community," said Stephen Kahng,
Power Computing founder and CEO. "We believe that in our small way, we have
helped to make the...

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