Feeds

Ex-Apple execs hop on the Spac track

Acquicor raises $150m to buy tech firms

Build a business case: developing custom apps

Apple's co-founder, one of its former CEOs and an ex-Apple CTO have formally announced their partnership in a technology acquisition company a month after reports they were planning just such a move and eight months after the firm was founded.

acquicor management team
Woz, Amelio and Hancock

Steve Wozniak will be joined by Gil Amelio and Ellen Hancock at Acquicor, a self-styled "blank cheque" company - also known as a 'special-purpose acquisition company', Spac for short - "for the purpose of acquiring, through a merger, capital stock exchange, stock purchase, asset acquisition or other similar business combination, one or more domestic and/or foreign operating businesses in the technology, multimedia and networking sectors."

Acquicor has $150m to spend on tech companies thanks to an IPO undertaken on the American Stock Exchange (AMEX) this week.

Based in Newport Beach, California, and founded in August 2005, Acquicor is run by Amelio as chairman and CEO. Hancock gets the COO's job, while Wozniak was named CTO.

Woz's foundation of Apple with Steve Jobs is well-documented. Amelio spent 500 days between 1996 and 1997 at Apple as CEO during which time he decided to buy Jobs' company, NeXT, in order to gain a next-generation Mac operating system. He almost acquired Be, run by another ex-Apple staffer, Jean-Louis Gassée.

Jobs eventually took command of Apple and Amelio quit. As part of the Amelio regime, Hancock, then Apple's CTO, left too. Amelio arguably put in place many of the manufacturing and hardware schemes Jobs was later to be given credit for, such as streamlining the product range and reducing the company's dependancy on proprietary technology. ®

The essential guide to IT transformation

More from The Register

next story
Reg man looks through a Glass, darkly: Google's toy ploy or killer tech specs?
Tip: Put the shades on and you'll look less of a spanner
So, Apple won't sell cheap kit? Prepare the iOS garden wall WRECKING BALL
It can throw the low cost race if it looks to the cloud
Apple promises to lift Curse of the Drained iPhone 5 Battery
Have you tried turning it off and...? Never mind, here's a replacement
Now that's FIRE WIRE: HP recalls 6 MILLION burn-risk laptop cables
Right in the middle of Burning Mains Man week
One step closer to ROBOT BUTLERS: Dyson flashes vid of VACUUM SUCKER bot
Latest cleaner available for world+dog in September
Apple's iWatch? They cannae do it ... they don't have the POWER
Analyst predicts fanbois will have to wait until next year
HUGE iPAD? Maybe. HUGE ADVERTS? That's for SURE
Noo! Hand not big enough! Don't look at meee!
Samsung Gear S: Quick, LAUNCH IT – before Apple straps on iWatch
Full specs for wrist-mounted device here ... but who'll buy it?
AMD unveils 'single purpose' graphics card for PC gamers and NO ONE else
Chip maker claims the Radeon R9 285 is 'best in its class'
prev story

Whitepapers

Top 10 endpoint backup mistakes
Avoid the ten endpoint backup mistakes to ensure that your critical corporate data is protected and end user productivity is improved.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Backing up distributed data
Eliminating the redundant use of bandwidth and storage capacity and application consolidation in the modern data center.
The essential guide to IT transformation
ServiceNow discusses three IT transformations that can help CIOs automate IT services to transform IT and the enterprise
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.