No, that's not how it happened. When Steve Jobs came back as iCEO Apple still had $1.4B in cash. If Apple continued under the same path it would have gone bankrupt, that why Jobs took over.
As for Bill Gates:
Microsoft chairman Bill Gates said today that the software giant will invest $150 million in Apple and will develop and ship future versions of its Microsoft Office, Internet Explorer, and development tools for the Macintosh.
In return Apple dropped their lawsuit against Microsoft, claiming the company copied their operating system.
Apple was in trouble because if the mess Gil Amelio and Ellen Hancock left behind and Jobs had to totally reinvent the company. He brought over key employees from Next replacing the dead weight inside Apple and re-invented NeXTSTEP/OPENSTEP/RHAPSODY as Mac OS-X. The following year Mac G3 came out. It took many years to gain a foothold but Apple really didn't take off until iPhone.
Its a myth Bill Gates saved Apple, is was a token agreement to end years of litigation between the two companies. Besides, Microsoft made money selling Mac versions of its software, more than it invested in the company in 1997.
Ellen Hancock Chief Technology Officer at Apple? WTF??? No wonder the company was heading towards bankruptcy!!!
Along with her mentor, former Apple CEO Gil Amelio, and fellow Apple executives, Hancock was ousted in a high-tech power struggle shortly after Steve Jobs rejoined the company in late 1996 as part of Apple's $400 million acquisition of Next Software Inc.
"Steve was gracious in face-to-face meetings, but behind the scenes, he called everyone in upper management a bozo," Hancock said. "It felt like a reverse merger. Gil, myself and the rest of the executive team are gone. Steve is now interim CEO, and his Next team is running things.
Too bad there isn't a video of Steve Jobs throwing Gil Amelio and Ellen Hancock out the door!
