Steve Jobs "60 Minutes" Interview

Discussion in 'Wall St. News' started by Maverick74, Oct 24, 2011.

  1. i think your foolish he changed the world. he built the best computer from a to z. i don't think its worth the price but they are the best. he did that with the ipod, ipad, and iphone too. he changed the way you watch movies with your kids. he changed the way you buy music. whats his act?
     
    #31     Oct 24, 2011
  2. lwlee

    lwlee

    The $10 million number is a popular misconception. Those were the initial numbers he committed when he bought the company. He owned the company for NINE years. Plunked many more tens of millions to keep it going. They originally envisioned the company selling hardware, then software, but realized it's greatest value was in movie making. They went through a lot of capital to eventually figure it out.

    "Enter Steve Jobs. Who - in 1986 -- not only paid George Lucas $5 million but also agreed to pump $5 million of capital into this fledgling computer animation operation. Which had recently been renamed Pixar, Inc.

    But here's the thing. Steve didn't believe that he was buying an animation studio. What Jobs thought he was purchasing was this sort of high-end hardware company which was then supposed to sell Pixar Image Computers. But as the short films that John Lasseter & Ed Catmull created to help demonstrate what the Pixar Image Computer was capable of began to garner more & more attention on the festival circuit, Jobs suddenly found himself in the animation business.

    To his credit, Steve stuck by John & Ed as their innovative animation operation produced several award-winning shorts while it also burned through tens of millions of his dollars. Some will tell you that Jobs only hung in there because he was looking to recover all of the cash that he'd poured into Pixar Inc. Which is why Steve would periodically try and find a buyer for this then-deeply-in-the-red operation."


    The smart, stubborn guy who helped to make Pixar possible


    It's undisputed that Jobs was an unforgiving spirit. Whether it was design or negotiation, he made important decisions along the way to be in a position to reap the benefits. It was his idea to time the Pixar IPO to debut a week after Toy Story. At the time, if Toy Story didn't succeed, the company was done.

     
    #32     Oct 24, 2011
  3. jprad

    jprad

    There's no question that Apple's products are stylish but, they are far from the "best" computers out there.

    The ergonomics of their keyboards are horrible, but, they do look pretty.

    The corners they cut on the MacBook Pro displays borders on criminal, but it comes in such a pretty package.

    Glossy displays? Yeah, that's real professional. But, oh, they're so bright...

    I could go on with nit after nit having to deal with my family's Apple-ware.

    IMHO, I'll keep my ThinkPad, thank you very much...
     
    #33     Oct 24, 2011
  4. He was an asshole. Why do people mourn assholes when they die? Jobs was essentially the marketing genius and didn't really create the apple products.

    By the way that guy that invented C++ died recently and no one cares. Everybody is so sad about Jobs, but not the people that were really revolutionary.

    Jobs was an outlier... was at the right place at the right time... the technology brain of Apples go to Wozniak and the engineers... Jobs was just the skilled salesman.
     
    #34     Oct 24, 2011
  5. jprad

    jprad

    Actually, Stroustrup, the creator of C++ is still alive. It was Dennis Ritchie, who along with Brian Kernighan, developed C.

    He also created UNIX with Ken Thompson.
     
    #35     Oct 24, 2011
  6. Opps I apologize. So it was Dennis Ritchie who in my imo provided more value to the industry died... and no one cares about him?

    I mean he created the C programming language and was a major developer for Unix... Jobs was merely a marketing guru.

    Anyway Dennis passed away on Oct 12 and there's hardly any mention of him... shame.
     
    #36     Oct 24, 2011
  7. jprad

    jprad

    You're confused. It was NeXT that he sunk tens of millions of dollars of his own money into, not Pixar. By some accounts, he put in almost $70MM into NeXT during it's lifetime.

    The real coup with Pixar was when Jobs took it public. He screwed a lot of the original employees over and froze them out, which is how he ended up with a $1.5BN payday.

    He truely was a heartless, arrogant bastard.
     
    #37     Oct 24, 2011
  8. lwlee

    lwlee

    Nope, I updated my post with a link.

    Yes he did dump a lot into NeXT. He was still in his young brash stage.

    There is a book on Pixar that detailed its rise. Deeper material than what you will find in wikipedia.

     
    #38     Oct 24, 2011
  9. jprad

    jprad

    Dennis was 70 years old, still relatively young these days but, not tragically so as was the case with Jobs.
     
    #39     Oct 24, 2011
  10. jprad

    jprad

    Uh, he started NeXT several years after he purchased Pixar.

    You need better links then.

    "Lucasfilm decided to spin off the computer division, so Catmull and Smith sought a financier. That turned out to be Jobs, who paid $5 million to Lucasfilm and $5 million to capitalize the new company. They renamed it Pixar..."
    http://www.sfgate.com/cgi-bin/artic...hive/2006/01/29/BUG8RGTL2L1.DTL&type=business
     
    #40     Oct 24, 2011