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Issue 6.12 | Dec 1998
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The Rise and Rise of the Redmond Empire

3/13/86 A market phenomenon is born: The 11-year-old company's IPO raises $61 million as MSFT rises from $21 to $28 on opening day.

3/13/86 Opening day MSFT investment = $1,000

1986 Revenue $197.5 million; 1,153 employees

4/2/87 The company announces MS OS/2 and Windows 2.0.

7/30/87 Microsoft acquires Forethought, the developer of PowerPoint.

9/8/87 The company ships its first CD-ROM application, MS Bookshelf.

9/21/87 MSFT stock (at $114.50) splits two for one.

10/6/87 Microsoft announces its first Windows application: Excel.

10/19/87 The Crash of '87: The Dow falls 508 points in a single session. (MSFT falls 30.12 percent.)

1987 Revenue $345.9 million; 1,816 employees

3/17/88 Apple files suit against Microsoft, alleging copyright infringement in the Windows GUI.

April 1988 Microsoft surpasses Lotus to become the Number One software vendor.

1988 Revenue $590.8 million; 2,793 employees

6/5/89 Microsoft creates its Multimedia Division.

11/13/89 IBM and Microsoft expand their partnership, agreeing to develop software for MS-DOS, MS OS/2, and MS LAN.

12/27/89 Jon Shirley announces his retirement as president and chief operating officer.

1989 Revenue $804.5 million; 4,037 employees

4/2/90 Michael Hallman is appointed to fill Shirley's posts.

4/16/90 MSFT stock (at $120.75) splits two for one.

5/22/90 Windows 3.0 is launched.

June 1990 The FTC launches a probe into possible collusion between Microsoft and IBM.

9/17/90 Microsoft launches a Windows print ad campaign.

1990 Revenue $1.183 billion; 5,635 employees

1/9/91 Excel 3.0 is announced.

6/27/91 MSFT stock (at $100.75) splits three for two.

Investment value 6/30/91 = $14,598

1991 Revenue $1.843 billion; 8,266 employees

3/1/92 Hallman steps down from the presidency and is replaced by a multimember "office of the president."

6/15/92 MSFT stock (at $112.50) splits three for two.

1992 Revenue $2.759 billion; 11,542 employees

3/22/93 Microsoft Encarta ships.

5/24/93 Windows NT launches.

8/20/93 The FTC closes its antitrust action against Microsoft. The Justice Department opens an antitrust investigation.

8/24/93 A federal judge dismisses Apple's copyright complaint; Microsoft prevails in appeals that last through 1994.

Investment value 7/31/91 = $15,750

1993 Revenue $3.753 billion; 14,430 employees

5/23/94 MSFT stock (at $97.75) splits two for one.

6/28/94 Microsoft acquires Softimage, a digital-video concern.

7/15/94 Microsoft enters into a federal consent decree with the Justice Department, agreeing not to use its desktop OS monopoly to gain advantage in new business sectors.

9/8/94 Windows 95 is announced.

10/13/94 Netscape releases a beta of its first browser.

10/13/94 Microsoft announces its intent to merge with Intuit, a leading maker of personal-finance software.

11/8/94 Procter & Gamble's Robert Herbold joins Microsoft as its COO.

11/14/94 The "Where Do You Want to Go Today?" ad campaign débuts.

1994 Revenue $4.649 billion; 15,257 employees

1/7/95 Microsoft Bob is announced.

3/22/95 DreamWorks SKG and Microsoft form DreamWorks Interactive.

4/27/95 The Justice Department challenges the Intuit merger.

5/20/95 Microsoft and Intuit abandon merger.

Investment value 6/30/95 = $58,097

8/24/95 Windows 95 ships.

11/24/95 Bill Gates's The Road Ahead hits stores.

11/27/95 Internet Explorer 2.0 ships.

12/6/95 IBM licenses Sun's Java; Microsoft follows suit the next day.

12/7/95 Microsoft announces its Internet strategy.

12/14/95 Microsoft and NBC announce a partnership to create MSNBC.

1995 Revenue $5.940 billion; 17,801 employees

2/15/96 Microsoft's Interactive Media Division is created.

3/12/96 The company announces ActiveX Technologies.

6/24/96 The online magazine Slate débuts.

7/15/96 MSNBC débuts.

12/3/96 Microsoft's Executive Committee is formed, replacing the Office of the President.

12/9/96 MSFT stock (at $152.88) splits two for one.

1996 Revenue $8.671 billion; 20,561 employees

4/6/97 Microsoft acquires WebTV.

6/9/97 The company invests $1 billion in cable TV operator Comcast.

7/21/97 Microsoft invests in RealNetworks, a streaming-video competitor.

8/6/97 Microsoft invests $150 million in Apple.

10/1/97 Internet Explorer 4.0 launches.

10/7/97 Sun sues, alleging that Microsoft is violating a licensing pact by creating a variant version of Java.

10/20/97 The Justice Department files a lawsuit alleging anticompetitive practices in forcing PC makers to bundle Internet Explorer onto Windows machines.

12/11/97 Judge Thomas Penfield Jackson orders Microsoft to offer a version of Windows sans Internet Explorer and sets a trial for May. The company appeals.

12/31/97 Microsoft acquires Hotmail.

1997 Revenue $11.360 billion; 22,276 employees

2/23/98 MSFT stock (at $155.13) splits two for one.

3/26/98 Office 98 for Macintosh is released.

4/9/98 Microsoft acquires Firefly Network.

5/18/98 The Justice Department, 20 states, and the District of Columbia file sweeping new antitrust suits. A trial is set for September and later moved back to late October.

6/15/98 Microsoft joins Compaq to invest in Time Warner's Road Runner cable-data venture.

6/23/98 The US Court of Appeals throws out Judge Jackson's December order.

6/25/98 Windows 98 launches.

7/21/98 Steve Ballmer is named president.

10/19/98 US v. Microsoft antitrust trial opens in federal court.

1998 Revenue $14.480 billion; 27,320 employees

Investment value 10/20/98 = $257,778

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