Tagged: jts

Atari 0

July 30, 1996: Atari, JTS Merger Approved

In a four minute meeting, the stockholders voted 42 million to 11 thousand in favor to the merge Atari and JTS in 1996. Because of the decision, Sam Tramiel picks up the severance checks, but agrees to stay in office while the company transitions. JTS held the Atari name until March 1998 when Hasbro bought the brand for 5 million dollars. Full Day in Tech History podcast show notes for July 30 The Lisa Project starts The PowerPC alliance Time Warner joins the WiMAX revolution Podcast: Play in new window | Download

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March 13, 1986: Microsoft’s Initial Public Stock Offering (IPO)

1986-$21.00 a share was the first price for stock in Microsoft. 2.5 million shares were sold, raising the price to 27.75 and netting the company 61 million initially. Since then, the highest it has gone was 57.91 on Dec 24th, 1999. Yet with about 10 stock splits and several dividends in the 24 years, people definitely got their money’s worth. If you would have purchased 100 shares in 1986 and let those shares ride until today, you would have 102,400 shares of stock at appx. $29 a share. Wikazine – Full show notes for March 13 Apple and Bandai demonstrate the...

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Atari 0

February 13, 1996: Jugi Tandon Storage (JTS) Merged with Atari

1996 – Atari Corporation announces the merger with Jugi Tandon Storage (JTS). Atari extended a bridge loan of $25 Million so JTS can still build drives. The company would still be known as JTS, but Atari would own 60% of the company.While Atari was sold to Hasbro via THQ, JTS could not emerge from the debts. They ended up filing Chapter 7 bankruptcy on Feb 28, 1999. Wikazine – Full show notes for February 13 The Last Peanuts Comic Strip is released one day after Creator Charles Schultz passes Apollo Computer is formed Rush Limbaugh gets service call from Steve Jobs...

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