On April 12th, 1976, one of three co-founders of Apple Computer sold his 10% stake in the company for $2,300. Ronald Wayne says he made the “best decision with the information available to me at the time” when he chose to sell his shares in the emerging technology firm. Unlike counterparts Steve Jobs and Steve Wozniak, Wayne had capital on the line and stood to lose his assets if Apple went under. Had he retained his full stake in Apple to this day, it would currently be worth nearly $60 billion. Wayne went on to enjoy a long career as an engineer with the Lawrence Livermore National Laboratory and other firms, Wired reports, and he later opened a stamp shop before retiring to Pahrump, Nevada. Apple is currently the most valuable company in the world and as of Wednesday’s close, the company’s market capitalization totalled just under $585 billion. More →
Co-founder and former CEO Jerry Yang has resigned from all of his positions with Yahoo, the company announced in a press release on Tuesday. Yang co-founded Yahoo in 1995 with David Filo and served as a member of the Board of Directors since March 1995. Yang was also the company’s CEO from June 2007 to January 2009, until he was replaced by Carol Bartz. “My time at Yahoo!, from its founding to the present, has encompassed some of the most exciting and rewarding experiences of my life,” said Yang in a statement. “However, the time has come for me to pursue other interests outside of Yahoo! As I leave the company I co-founded nearly 17 years ago, I am enthusiastic about the appointment of Scott Thompson as Chief Executive Officer and his ability, along with the entire Yahoo! leadership team, to guide Yahoo! into an exciting and successful future.” Yahoo chairman Roy Bostock praised Yang, calling him both a visionary and pioneer. “We appreciate Jerry’s comments and share his enthusiasm for the company’s prospects. With Scott Thompson leading an outstanding team of Yahoos to deliver innovative products and an engaging customer experience, Yahoo!’s future is bright,” said Bostock. Yahoo’s press release follows below. More →
Siri co-founder Dag Kittlaus has left Apple, AllThingsD reported on Monday. Kittlaus is said to have moved to Chicago to spend time with his family and to take time off from working. The report also notes that there are rumors Kittlaus is considering a new start up, though no details on the possible project were noted. Apple purchased Siri in April of last year and the software made its debut in iOS 5 during the iPhone 4S unveiling earlier this month. Siri allows users to interact with their iPhone to schedule appointments, check the weather, surf the web and more using voice commands. Reportedly, Kittlaus decided to leave Apple shortly after the iPhone 4S was launched while other members of the Siri team are expected to remain with Apple. More →
During his Embedded System Conference Silicon Valley keynote recently, Apple co-founder Steve Wozniak took some time to rag on Paul Allen’s decision to sue Apple, Google, and other companies over patent infringement. “Paul Allen should be out there investing in companies that are doing something, making products, actually making a new future for the world, and not ‘I’m going to sue people, and get in bed with the lawyers to make my money.’ That’s not the right way,” Wozniak said, according to The Register. Wozniak referred to Allen’s strategy as a “patent-troll thing,” and said “any fifth grader could come up with the same approach.” Woz also said he was so perturbed by the Allen’s lawsuit binge — and the big company strategy of paying engineers to file for patents long before the tech is actually available – that he decided to bail on the Microsoft co-founder’s speech at the Computer History Museum to instead indulge in some Marie Callender’s pea soup with friends. More →
Apple Co-founder Steve Wozniak on Friday said he would consider a return to an active role at Apple if the company approached him. In an interview with Reuters, Wozniak said he would be open to the possibility of returning to the company he helped build. Wozniak currently holds a position as chief scientist at Fusion-io, though he also still advises Apple and is still on the company’s payroll. “There’s just an awful lot I know about Apple products and competing products that has some relevance, some meaning,” Wozniak told Reuters in an interview. He went on to call Apple’s current products “unbelievable,” but noted that the company could stand to be a bit more open. “My thinking is that Apple could be more open and not lose sales,” said Wozniak, adding, “I’m sure they’re making the right decisions for the right reasons for Apple.” Apple CEO Steve Jobs is currently on his third medical leave since 2004, though the company said Jobs is still involved with major strategic decisions while on leave.
Foursquare co-founder Dennis Crowley did not mince words when speaking with the U.K. paper The Telegraph. Crowley said, “Our data generates hugely interesting trends which would enrich search,” and went on to note that they were in talks with all the major search players including Google, Microsoft, and Yahoo!. “We can anonymise data and use it to show venues which are trending at that moment,” the co-founder said. “Twitter helped the world and the search engines know what people are talking about. Foursquare would allow people to search for the types of place people are going to – and where is trending – not what.” It all sounds good to us, what about you? Do you 4sq? More →