May 22, 1997: Apple spins off its Newton division. The new company’s first job? Selling the MessagePad 2000 PDA.
Newton Inc. also has a mandate to develop new technologies and market existing ones. “We have a solid business plan and a strong management team in place to optimize the value of Newton technology for corporate users and take Newton technology into a new era,” says Sandy Benett, former vice president Apple’s Newton Systems Group and chief operating officer of the new venture.
Instead, it turns out to be the beginning of the end.