Former Sun CEOs Scott McNealy and Ed Zander recently discussed with eWeek the details of their missed opportunity to snag Apple back in 1996, when it was without Steve Jobs, and in turmoil. Both of these CEOs were honest in their recollection of the events leading up to a potential takeover of Apple. At the time, Sun was one of the dominant tech companies in the world.
Former Sun CEO, Scott McNealy:
“If we had bought Apple, there wouldn’t have been iPods or iPads … I’d have screwed that up,”
Former CEO, Ed Zander:
“Back in late 1995 early ’96, when we were at our peak, we were literally hours away from buying Apple for about $5 to $6 a share,â€
â€œHonest to gosh, I was at an analysts’ meeting in San Diego on a Tuesday morning and was getting ready to announce that we were going to buy Apple. I don’t know what we were going to do with it, but we were going to buy it. (Apple) had no CEO at the time, Steve (Jobs) wasn’t there, but we didn’t get it. Why didn’t we buy it?”
Ultimately, what stopped Sun from snapping up Apple?
“We wanted to do it,” McNealy said. “There was an investment banker on the Apple side, an absolute disaster, and he basically blocked it. He put so many terms into the deal that we couldn’t afford to go do it.”
So it appears someone at Apple was adamant on not letting the company get sold to Sun, and made some last minute brilliant moves to block the buyout. Can you imagine what would’ve happened in Sun actually bought Apple? We wouldn’t have the iPod, iPhone, or iPad. The evolution of the Mac and OSX would’ve never existed.