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Valentine mentioned the company to A.C. Markkula, 40, a former marketing manager at Intel, a computer-chip manufacturer. When Markkula offered his expertise and $250,000 of his own money, Jobs and Wozniak made him an equal partner. Markkula helped arrange a credit line with the Bank of America and persuaded two venture capital firms to invest in Apple...

Author: /time Magazine | Title: The Seeds of Success | 2/15/1982 | See Source »

...relief. IBM will be a tough rival, but the smaller firms should be able to keep a good part of the market. Said Ulric Weil, a computer-company watcher for Wall Street's Morgan Stanley: "I am sure Apple feared something much more formidable." Said Apple President A.C. Markkula: "We don't see anything out of the ordinary. There are no major technological breakthroughs and there isn't any obvious competitive edge...

Author: /time Magazine | Title: IBM Is Homeward Bound | 8/24/1981 | See Source »

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