Salutations,
Well, no. When a company spins off another company, they don't just hand
them the keys and let them go. Apple would have held considerable stock in
Newton Inc. And when Newton Inc made money, Apple would have made money.
Newton was losing money. Apple was losing money. If Apple saw all of
those profits (that apparently everyone outside of Apple saw, but no one
inside Apple saw) then the Newton would not have been dropped.
What amazes me is how many people outside of Apple know how much profit
the Newton was making. Seems everyone outside of Apple saw the Newton as a
money churning device, and yet Apple killed it. Wrong. Only a few people
saw the final profit/loss statements for the Newton.
If the Newton was making a profit, Apple would have kept making them,
plain and simple.
Cheers,
David
> I think that the point of the author was that IF the Newton was allowed
> to spin off as its own company and IF the technology did indeed "take
> off", then the Apple stockholders would be angry --- because the profit
> would be going to the spin-off and not to Apple. MacNeill suggests that
> this is one reason why the Newton had to be killed rather than
> spun-off ... just in case the technology would really help someone other
> than Apple.
>
> Sorry if I wasn't clear on the original post.
>
> Patrick
>
> Cleve's Conundrum:
> Those who become part of a larger picture
> Don't appear any smaller.
>
> A message from Patrick Jendraszak
>
> On Monday, February 4, 2002, at 03:03 AM, Robert Benschop wrote:
>
>>
>> on 03-02-2002 11:10, Patrick Jendraszak at indyibook_at_home.com wrote:
>>
>>> He didn't allow it to spin off because if the technology did in fact
>>> take
>>> off, stockholders would have been extremely dissatisfied.
>>
>> I beg your pardon....
>>
>> That doesn't make sense to me, since when do stockholders object to
>> something taking off ? (also known as making a profit)
>>
>>
>> Robert Benschop
>>
>>
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