Wozniak Buys Apple Stock

The New York Times

San Francisco -- November 29, 1985 -- Apple Computer Inc. said today that Stephen Wozniak, the company's co-founder, had bought $5 million worth of Apple stock and announced plans to buy as much as $15 million more.

Shares in the personal computer company, which is based in Cupertino, Calif., closed today at $20, unchanged from Wednesday, in over-the-counter trading.

An Apple spokesman, Barbara Krause, said there were no plans for Mr. Wozniak to take a more active role in the company, but that he was ''very, very welcome'' in his role as a paid consultant. She said that Mr. Wozniak had spoken at recent employee meetings to express his confidence in Apple's new management and product developments. ''There's been a lot of cheering,'' she said. ''He remains a folk hero at Apple.''

Mr. Wozniak, who co-founded Apple with Steven P. Jobs, could not be reached for comment. Mr. Wozniak sold most of his shares when he left Apple last February to start a company, CL-9 Inc., that will manufacture a programmable remote-control device to operate home entertainment systems and appliances. Mr. Jobs resigned from Apple in September after a power struggle with the company's president, John Sculley

Copyright 1985 The New York Times Company