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abananayesterday at 6:03 PM1 replyview on HN

> Apple was not days away from going bust. They were months away... They just...

This is historical revisionism, and there's a lot of it around, where Apple is concerned. Since those days, Apple has done a great job of controlling the narrative in the media, and has managed to bury a great deal of what was written back then.

Microsoft was in the middle of one of their antitrust investigations, where they were accused of monopolising the market for computers. They had demonstrated others in the courtroom, running non-Microsoft OSes and office suites, including an Amiga and a Mac. But Commodore had already gone bust, so there was only Apple left.

Then came the news that the previous post was referring to - Apple was on the brink of bankruptcy. By all accounts of the time, Microsoft absolutely shat themselves, expecting the biggest fine in antitrust history. They could not allow Apple to fail, so investing was their only option. Nowadays, even that investment is sometimes framed as yet another amazing feat that could only be carried out by the deity that is Steve Jobs. Jobs even had to drop their still-ongoing OS look-and-feel lawsuits against Microsoft as part of the deal.


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flomoyesterday at 7:40 PM

Not sure what point exactly you are making. But the Wall Street Journal had a bunch of stuff about Apple engaging what was later known as 'Enron-style accounting'. They were a big company, and they did have a serious cashflow problem. So they needed a bailout from someone. (which happened to be Microsoft rather than wall street)

Also disagree with GP's point - Apple is definitely not Next. Next was an enterprise software company. If they were more successful they would be in the same category as Oracle.

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