TECHNOLOGY - July 1, 1993
From Times Staff and Wire Reports
Microsoft Co-Founder Invests in Lone Wolf: Paul Allen has put an undisclosed sum into the Redondo Beach-based, privately held multimedia networking company. The investment will support research and development on Lone Wolf’s networking technologies and cross-licensing of related enhancements between Allen’s affiliated companies, among them Asymetrix and Interval. Allen founded Redmond, Wash.-based Microsoft, now a leading independent software publisher, with William Gates in 1975. Allen left the company in 1983, but early this year was said to hold $3 billion worth of its stock.
