This article originally appeared in TidBITS on 1995-04-10 at 12:00 p.m.
The permanent URL for this article is: http://tidbits.com/article/1530
Include images: Off

Canon Takeover Rumors Buoy Apple Stock

by Geoff Duncan

Canon Takeover Rumors Buoy Apple Stock -- Apple's stock dipped briefly with the announcement of its reorganization, but rose again last week amid rumors that the Japanese electronics giant Canon planned to launch a bid to buy Apple Computer. Canon denied any intention to buy Apple, but Apple refused to comment on the speculation. Word has it that a Macintosh licensing agreement with Canon would be a much more likely prospect, and Canon has previously expressed interest in manufacturing Macintosh clones. However where there's smoke, there may be fire: during the last year we have heard repeated rumors about Apple possibly being sold (most recently to Motorola) and Apple's stock performance has been lackluster despite earnings growth and a smooth transition to the Power Macintosh platform. [GD]