Friday, May 7, 2010

Max Palevsky, died Wednesday...

...at age 85.

In 1961, [Palevsky] and 11 colleagues from Packard Bell founded Scientific Data Systems to build small and medium-size business computers, a market niche they believed was being ignored by giants like I.B.M. The formula worked, and in 1969 Xerox bought the company for $1 billion, with Mr. Palevsky taking home a 10 percent share of the sale.

In 1968 he applied some of that money to financing a small start-up company in Santa Clara to make semiconductors. It became Intel, today the world’s largest producer of computer chips.

Palevsky didn't own a computer, a cell phone or any other electronics except a radio.

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