Simple as 1-2-3: IBM Buys Lotus
July 6, 1995
IBM completes a $3.5 billion buyout of Lotus Development, the producer of the once-dominant Lotus 1-2-3 spreadsheet software and the then-popular Lotus Notes groupware. IBM had hoped to leverage Lotus 1-2-3 to challenge the increasingly demanded Microsoft Excel software, but alas, there was little slowing down the Microsoft juggernaut during the 1990’s. Lotus 1-2-3 steadily lost marketshare, and IBM finally announced the end of support for the software in 2013.
Lotus Notes groupware faired little better than 1-2-3, succumbing to Microsoft Exchange as the dominant groupware platform among large companies, but it remained entrenched among certain corporations for many years under the name IBM notes. In 2018 IBM sold Notes along with other software products to HCL Software for $1.8 Billion. HCL still develops and supports Notes to this day with a focus on security and lower cost as a way to compete with Microsoft Exchange.
The First 16mm Film System Introduced
July 5, 1923
Kodak introduces the hand-cranked Cine-Kodak Model A, the first complete 16mm film system. 16mm film was developed to be an amateur alternative to 35mm film most often used by professionals. However, it found widespread use during World War II and later for television production, especially TV news. 16mm film is still in use today for certain applications.
Apple Passes $500 Billion Valuation
February 29, 2012
The stock value of Apple, Inc. surpasses $500 billion, setting a new record for the company which was already the world’s most valuable company at the time. This day marks a milestone on the historic run for the company from near-bankruptcy in the 1990’s to one of the most, if not the most, dominant technology company in recent history. Apple would later become the first company in history to surpass $700 billion in value in February 2015.
Tokyo Skytree Completed
February 29, 2012
Construction of the Tokyo Skytree broadcast tower, delayed two months due to the 2011 Japan earthquake and tsunami, is completed on leap day – February 29th, 2012. The Tokyo Skytree is the tallest structure in Japan and the world’s tallest tower.