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3/15/2006
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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.

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