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

Microsoft Logo

March 13, 1986: Microsoft gets an 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

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  • Apple and Bandai demonstrate the Pippin Atmark Multimedia computer
  • JTS sells Atari to HIACXI
  • Jerry Jalava gets the first prothstetic thumb drive
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February 13, 1996: Jugi Tandon Storage (JTS) Merged with Atari

Atari

February 13, 1996: JTS merges 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

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November 10, 1983: Windows 1.0 Announced

Windows 1.0

Windows 1.0

1983 – Windows 1.o was announced at the Helmsley Palace Hotel in New York City. It was one of the most elaborate product introductions to date. Gates says Windows 1.0 will officially release in 1984, yet it didn’t release until June, 1985.

Atari

Atari

1986 - Back in that day, Comdex was the big computer show. There were two versions: one that was held in Chicago in the spring and the other in Las Vegas mid-November. At this time, Atari was the big dog on the block. Jack Tramiel was putting all efforts in this years Comdex after seeing a small dip in the shares.So they set up a 65 booth display with different 3rd party developers that would show off what the Atari could do. The big innovation that year – the SX212 1200 baud modem for $99.95. They also showed off the Atari 2600jr and the Atari 7800, and because of that impressive show, Atari boasted a $25 million profit that year.

Of course, the company went well for a few more years, merged with JTS, which was then bought by Hasbro in 1998. The company still is survived in a way to this day, but not in the glory that it was back then.

This Day in Tech History podcast show notes for November 10

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  • IBM introduces Giant Magnetoresistive (GMR) Heads
  • The first Apple iPod is shipped
  • Circuit City files for Chapter 11 protection
  • Bill Gates introduces Windows for IBM PC
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July 30: Atari, JTS Merger Approved

Atari

July 30, 1996: Atari merges with JTS

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

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  • The Lisa Project starts
  • The PowerPC alliance
  • Time Warner joins the WiMAX revolution
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