Three former Apple Computer Inc. executives have started a Newport Beach company that’s looking to raise more than $100 million through an initial public offering with a twist.
The executives,Apple cofounder Steve Wozniak, former chief executive Gilbert Amelio and Ellen Hancock, Apple’s technology chief under Amelio,have formed a “blank check” company, Acquicor Technology Inc.
Acquicor hopes to use proceeds from a share offering to buy a technology company.
Specifically, the Apple alums want to find a company that sells products or services in the area of “convergence” of computers and consumer electronics.
They’re putting about $2 million of their own money into Acquicor.
Amelio, who has a Newport Beach home, is the local tie. He sits on the research advisory board of the Center of Embedded Computer Systems at the University of California, Irvine.
His time in Orange County goes back to the 1980s, when he was an executive at what became Newport Beach-based Conexant Systems Inc.
For more on this story, see the Jan. 30 edition of the Business Journal.
