SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report: September 2, 1997
Date of earliest
event reported: September 2, 1997
Apple Computer, Inc.
(Exact name of registrant as specified in its charter)
California 0-10030 94-2404110
(State or other jurisdiction of (Commission File (I.R.S. Employer
incorporation or organization) Number) Identification No.)
1 Infinite Loop, Cupertino, California 95014
(Address of principal executive offices)
Registrant's telephone number, including area code: (408) 996-1010
Not Applicable
(Former name or former address, if changed since last report.)
Exhibit Index on Page 4
1
INFORMATION INCLUDED IN THIS REPORT
Items 1 through 4, 6 and 8 Not Applicable.
Item 5. Other Events.
(i) Reference is made to the press release issued to the public
by the registrant on September 2, 1997, the text of which is attached hereto
as an exhibit, for a description of the events reported pursuant to this
Form 8-K.
Item 7. Financial Statements, Pro Forma Financial Information and
Exhibits.
(c) Exhibits
99.1. Text of press release dated September 2, 1997.
2
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
APPLE COMPUTER, INC.
By: /S/ Fred D. Anderson
Fred D. Anderson,
Executive Vice President and Chief
Financial Officer
Date: September 4, 1997
3
INDEX TO EXHIBITS
Exhibit Document Page
99.1 Text of Press Release dated September 2, 1997 5
4
Apple to Acquire Power Computing for $100M
CUPERTINO, Calif.--Sept. 2, 1997--Apple Computer, Inc.
announced today that it will acquire Power Computing
Corporation's core assets in a deal valued at $100 million
in Apple common stock. Included in the key assets Apple
will acquire are the right to retain key employees with
expertise in direct marketing, distribution, and
engineering; Power Computing's customer database; and
the license to distribute the Mac OS operating system.
"Power Computing has pioneered direct marketing and
sales in the Macintosh market, successfully building a
$400M business, " said Steve Jobs, Apple Board member.
"We look forward to learning from their experience, and
welcoming their customers back into the Apple family."
"Power Computing is grateful for the tremendous support
and encouragement we have received from the entire
Macintosh community," said Stephen Kahng, Power
Computing founder and CEO. "We believe that in our small
way, we have helped to make the Macintosh stronger,
and that the spirit of Power will live on."
5
Power Computing will retain the Power Computing name
and has stated it will sell Mac OS compatible computers
through Dec. 31, 1997. Apple will provide ongoing Mac OS
support to Power Computing customers and Power
Computing will continue to provide hardware and
warranty service to its customers.
PRESS INFORMATION CONTACT
Katie Cotton
Apple Computer, Inc.
(408) 974-7269
email: katiec@apple.com
Russell Brady
Apple Computer, Inc.
(408) 974-6877
email: brady2@apple.com
Michael Rosenfelt
Power Computing
(512) 388-6705
email: miker@powercc.comP
- ------------------------------------------------
Apple's home page on the World Wide Web:
http://www.apple.com/
- ------------------------------------------------
Apple, the Apple logo, Macintosh, and Mac OS are
registered trademarks of Apple Computer, Inc. Additional
company and product names may be trademarks or
registered trademarks of the individual companies and
are respectfully acknowledged.
Copyright 1997 Apple Computer, Inc.
Maintained online by the Corporate Websites
Updated Tuesday, September 2, 1997 by webrose