WELL Health
Trending >

Headline Quiz: Mid-Nineties Apple or Present-Day RIM?

On August 6, 1997, amid

On August 6, 1997, amid "gasps of disbelief and loud boos from the audience of thousands of Mac users and software developers" Microsoft founder Bill Gates bailed out struggling Apple with a $150 million dollar investment.
Scan through a typical day’s worth of tech headlines and two things will immediately become clear. Apple (NASD:AAPL) has become one of the great success stories in American history. With a market capitalization of more than $500 billion, the company recently became bigger than Poland, noted The Guardian recently.

Conversely, Research in Motion (TSX:RIM) is struggling. After growing its revenue from just $6 billion in 2008 to nearly $20 billion in fiscal 2011, RIM has begun to lose market share and has suffered through a painful management transition because of it.

But were things always this way? Not exactly. On August 6, 1997, amid “gasps of disbelief and loud boos from the audience of thousands of Mac users and software developers” Microsoft founder Bill Gates bailed out struggling Apple with a $150 million dollar investment.

Keeping that day in mind, we present to you a simple quiz. Five of the headlines below are talking about Research in Motion today and five are from the mid-nineties, and pertain to Apple. Can you tell which is which? Answers at bottom.

HEADLINE QUIZ: MID-NINETIES APPLE OR PRESENT DAY RIM?

1. “Company X should close shop”

2. “Company X’s CEO said to be out the door”

3. “Why Microsoft Should Buy Company X”

4. “Company X struggling as market share in U.S. keeps slipping”

5. Company X: “Morgan Stanley Chops EPS Forecasts”

6. “The Fall of an American Icon”

7. “Company X results will continue to disappoint”

8. “Company X Holds School Market, Despite Decline”

9. “Are Company X sales weaker than thought?”

10. “Company X Expects it will Lose $700 Million”

_____________________________________________________________________________________________________________________

This story is brought to you by Cantech Letter sponsor BIOX (TSX:BX). The largest producer of biodiesel in Canada, BIOX’s proprietary production process has the capability to use a variety of feedstock, including recycled vegetable oils, agricultural seed oils, yellow greases and tallow. For more information CLICK HERE.

______________________________________________________________________________________________________________________

ANSWERS:

1. Apple: CNET news, October 6, 1997

2. Apple: San Francisco Chronicle, February 2nd, 1996

3. RIM: Windsor Star February 23rd, 2012

4. RIM: National Post, March 7th, 2012

5. RIM: Forbes, February 15th, 2012

6. Apple: “The Fall of an American Icon” BusinessWeek, 1996

7. RIM: Reuters, March 7th 2012

8. Apple: NY Times, September 11th, 1995.

9. RIM: The Globe and Mail, March 13, 2012

10. Apple: NY Times, March 26th, 1996

HOW DID YOU SCORE?

_______________________________________________________________________________________________________________________

_______________________________________________________________________________________________________________________

We Hate Paywalls Too!

At Cantech Letter we prize independent journalism like you do. And we don't care for paywalls and popups and all that noise That's why we need your support. If you value getting your daily information from the experts, won't you help us? No donation is too small.

Make a one-time or recurring donation

About The Author /

Cantech Letter founder and editor Nick Waddell has lived in five Canadian provinces and is proud of his country's often overlooked contributions to the world of science and technology. Waddell takes a regular shift on the Canadian media circuit, making appearances on CTV, CBC and BNN, and contributing to publications such as Canadian Business and Business Insider.
insta twitter facebook

Comment

  1. In 1997 Apple was struggling on a road it alone was travelling.  Today RIM does not seem to have a roadmap that they are committed to.  

  2. Look at the body language of those two youngsters!  Amazing.  Which one would build the largest company in the world?  The largest charitable foundation?

Leave a Reply