Tagged: bankruptcy

Bomb 0

November 19, 1993: Don’t Post Bomb Instructions Online

1993 – The Ionizer – Otherwise known as Michael Elanky, recieved 28 months in prison for posting bomb-making instructions on his BBS. There have been other instances of this throughout history, but Elansky was a member of the International Information Retrieval Guild, a computer group very much concerned with freedom of speech and freedom of information. Like the group with which he was affiliated, Michael felt strongly about our First Amendment rights.Therefore, he posted on his BBS – called the Warehouse – instructions on making bombs. Michael was arrested back in July 1993 and couldn’t post the $500,000 bail. Therefore...

Play
Pets dot com sock puppet 0

November 7, 2000: Pets.com Closes

2000 – It was a time that would be known as when the Bubble burst. The event technically happened on March 10, 2000. Since that time,  dot com-ers began losing their sites and livelihood. Although Pets.com had a pretty good run and marketing strategy, they didn’t have the momentum to keep investors on board. The company worked hard at trying to sell, but even the puppet mascot of a dog holding a microphone wasn’t enough to reel in an interested buyer. The only good sales at Pets.com were the sock puppets, which was eventually sold upon bankruptcy to a company...

Play
3Dfx logo 0

November 6, 1995: Voodoo 3D Accelerator

1995 – 3DFX releases the much anticipated Voodoo 3D acceleerator. QuakeGL becomes the first game using the Voodoo 3D. Hi-resolution rendering was it’s advantage. 3Dfx would continue to make the VooDoo until NVidia acquires the rights. 3Dfx would ultimately file for bankruptcy in 2002. This Day in Tech History podcast show notes for November 6 Lizzybee.com becomes the 3 millionth domain name The first Walkman Phone Hewlett Packard files for IPO Podcast: Play in new window | Download

Play
Hayes Microcomputer Files bankruptcy 0

October 9, 1998: Hayes Microcomputer Filed Chapter 11

1998 – We all remember the modem, right? Dial into the internet through an ISP? Some of you may still have that technology, but if you have dealt with modems for a while, you remember Hayes. The Hayes corporation was pretty big back in the day – giving your Apple II connectivity to the world. Well, that is until 1998 when it’s course ran out. Stocks went from $12 a share, down to almost nothing. Hayes had no choice but to file for bankruptcy. Zoom Technologies (now called (Zoom Telephonics) bought the company out in 1999. This Day in Tech...

Play
Worldcom buys MCI 0

October 2, 1997: Worldcom outbid BT – Wins MCI Communications

1997- MCI was under a bid to be purchased by British Telecommunications. Worldcom came in and outbid BT to snag up the company. What made this the coup de grace is it would make Worldcom the #2 telecom provider, under AT&T. The $37 Billion dollar merger would finalize on November 10th. Then, September 1998 – MCI Worldcom would officially launch. This all crumbled in 2002 when Worldcom filed for bankruptcy.  I was an employee of Worldcom and had been since its original namesake LDDS. At the time we were awestruck. -Bill Bartholomew This Day in Tech History podcast show notes...

Play
Osbourne 0

September 13, 1983: Osbourne Declared Bankruptcy

1983 – The Osbourne I was a computer introduced by Adam Osbourne in 1981. It featured a Z80 microprocessor and the computer would run at least $1800. However, the computer company did not fair too well. They tried to mask their true financial statements in hopes that things would turn around. However once investors found out what was going on, they would start asking questions. Osbourne could not handle the pressure and on this day they filed for bankruptcy. This Day in Tech History podcast show notes for September 13 Reverse Engineering is a legitimate practice Hacking for Girlies 3COM spins...

Play
Steve Jobs 0

September 12, 1985: Steve Jobs Leaves Apple to Start NeXT

1985 – After an interesting power struggle with John Sculley, Steve Jobs decides to throw in the towel and tenders his resignation at Apple. He announces at the Board meeting he and other low level employees will be starting a new company – NeXT. The next day, Jobs tells John Sculley that Bud Tribble, Dan’l Lewin, George Crow, Rich Page, and Susan Barnes will be leaving to join him. Jobs new company would end up becoming the foundation of Mac when it is bought by Apple in 1996 and Steve Jobs comes back to become CEO. This Day in Tech History...

Play
Google 0

April 29, 2004: Google Files IPO

2004 – Google files the S-1 form with SEC for their IPO. They said they wanted to raise US$2,718,281,828; a Mathematical algorithm based on the day they filed. The form can be found at SEC.gov The stock finally started trading on August 19, 2004 at $85 a share in a unique online auction. Full Day in Tech History podcast show notes for April 29 Other Events in the Day in Technology History Apple discontinues Macintosh XL Commodore declares bankruptcy Oracle finalizes their merger of BEA Podcast: Play in new window | Download

Play