Claris to Focus on Expanding Apple Software Environment
Will Remain Apple Subsidiary
Cupertino--June 29, 1990--Apple Computer, Inc. today announced that Claris Corporation will become a wholly owned, independent subsidiary of Apple.
Claris, which develops and markets popular applications software for Apple's Macintosh and Apple II personal computers, has operated as a majority-owned subsidiary of the company since April 1987 when Apple "spun off" its applications software efforts, creating Claris. At that time, Apple retained the option of allowing Claris to become a publicly-owned separate company or to fully acquire the company.
"Software will increasingly become the factor which shapes competitive advantage in the 1990's," said John Sculley, Apple's chairman and CEO. "With that in mind, we have established a new expanded role for Claris which will become an important foundation for Apple in the future."
According to Sculley, Claris will now focus its efforts on three major areas:
According to Sculley, these last two added roles for Claris will greatly assist other software developers in better utilizing Macintosh technologies to differentiate themselves and develop successful new products. Claris will be aggressive in their approach, including consideration of licensing some technologies to software developers for incorporation in new applications.
"Apple's goal is to significantly increase our unit growth," said Sculley. "Developers should view our decision on Claris as a key indicator that Apple is very serious about this goal, and in differentiating our products through innovative technology in the years ahead," he said.
"Claris has exceeded our expectations in establishing an independent brand identity and a competitive presence in the applications software business. While its spin off market value would certainly be considerable, Claris has greater strategic value for Apple shareholders by remaining part of Apple," said Sculley.
Claris will remain an independent entity, maintaining separate facilities and personnel. William V. Campbell will continue as CEO of Claris. He will now report to Sculley.
"The Claris team has created a company of spirit and achievement, which has resulted in great products of great value for Macintosh users," said Sculley. "Apple will respect Claris' independence so that its culture -- which has led to such positive results -- will continue to thrive."
Apple, the Apple logo and Macintosh are registered trademarks of Apple Computer, Inc.
Barbara Krause or Christopher Escher
(408) 974-3719 and (408) 974-2202
Pubic Relations Manager