TECHNOLOGY - Nov. 23, 1993
From Times Staff and Wire Reports
Sun Microsystems Inc. Seen Aiding Jobs’ Firm: Sun, a major provider of computer workstations, plans to invest in Steve Jobs’ struggling Next Computer Inc., industry sources said. A Sun spokesman said the companies plan to announce a “close partnership” today, but neither would disclose details. The New York Times reported that Sun, based in Mountain View, Calif., will invest $10 million for 1.5% of Next’s stock and access to its technology. Next initially built workstations as well, but it retreated amid stiff competition and now focuses on software.
