Perot Reportedly Invests in Next
The New York Times
San Francisco -- January 29, 1987 -- H. Ross Perot, founder of the Electronic Data Systems Corporation, is investing $20 million for a 16 percent stake and a director's position in Next Inc., according to an article in the Feb. 9 issue of Business Week. Steve Jobs, a co-founder of Apple Computer Inc., formed Next in 1985 to produce a powerful computer work station for educational use.
Next, which is based in Palo Alto, Calif., will use Mr. Perot's investment to offset the cost of introducing its first products this summer. Mr. Perot sold E.D.S. to the General Motors Corporation in 1984 but remained as the head of the operation until late last year, when G.M. bought back his shares for $700 million.
Copyright 1987 The New York Times Company