Osborne Executive Introduced
April 18, 1983
The Osborne Computer Corporation officially announced the Osborne Executive portable computer, the follow-up to its extremely successful Osborne 1. This is the computer that according to lore, took down the company. Known as the Osborne Effect, the legend is that by leaking the announcement of this computer earlier in the year, dealers cancelled all orders for the Osborne 1, effectively destroying the company’s cashflow and hindering operations going forward. This resulted in the cancellation of the company’s IPO and eventually to bankruptcy.
The reality may not be so simple, but my research shows that the Osborne Effect may have been a contributing cause to the company’s demise, along with the rise of competitors, the introduction of the IBM PC, and mismanagement by the company’s president, brought in by investors to provide “adult supervision”.
Surveyor 3 Launched
April 17, 1967
The spacecraft Surveyor 3 is launched from Cape Kennedy, Florida. It is the second U.S. spacecraft to make a soft landing on the Moon (Surveyor 2 crash landed) where it will study the lunar surface and send more than 6,300 pictures back to Earth. In all, seven Surveyors will be sent to the Moon, five of them successfully completing soft landings.
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.