IoT
IoT
News
News
3/15/2006
02:10 PM
50%
50%

Ex-Apple Execs Form 'Blank Check' Company

Acquicor doesn't make or sell any products, but rather will seek acquisitions in the technology sector.

SAN JOSE, Calif. — After keeping a low profile for months, a startup run by a trio of former executives from Apple Computer Inc. has come out of hiding and announced the formation of their company.

The startup, Acquicor Technology Inc., on Tuesday (March 14) also raised $150 million in an initial public offering (IPO) on the American Stock Exchange (AMEX).

The entity, which refers to itself as a “blank check” company, was formed by Gilbert Amelio, Ellen Hancock and Steve Wozniak. Acquicor (Newport Beach, Calif.) does not make or sell any products, but rather it will seek acquisitions in the technology sector.

“Our efforts in identifying prospective target businesses will not be limited to a particular industry, although we intend to focus on the technology, multimedia and networking sectors,” according to new documents filed with the Securities and Exchange Commission (SEC).

Amelio is chairman and CEO of the new company. He is also a senior partner of Sienna Ventures, as well as president and CEO of Prexient Micro Devices, a fabless semiconductor company.

He is also a director of AT&T and an adviser to both the Malaysia Multimedia Super Corridor and the prime minister of Malaysia.

Wozniak is president and chief technology officer of Wheels of Zeus (WOZ), a global-positioning system and wireless company. Hancock is now a director of Colgate-Palmolive, Electronic Data Systems, Aetna and Watchguard Technologies.

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
Register for InformationWeek Newsletters
White Papers
Current Issue
Top IT Trends to Watch in Financial Services
IT pros at banks, investment houses, insurance companies, and other financial services organizations are focused on a range of issues, from peer-to-peer lending to cybersecurity to performance, agility, and compliance. It all matters.
Video
Slideshows
Twitter Feed
InformationWeek Radio
Archived InformationWeek Radio
Join us for a roundup of the top stories on InformationWeek.com for the week of August 14, 2016. We'll be talking with the InformationWeek.com editors and correspondents who brought you the top stories of the week to get the "story behind the story."
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.