Emagic Aquired By Apple !, Apple bought it all... Options

[lepetitmartien]

Apple Acquires Emagic

CUPERTINO, California and HAMBURG, Germany—July 1, 2002—Apple® today announced it has acquired Emagic, a leading provider of professional software solutions for computer based music production. Emagic’s most popular product, Logic, is actively used by over 200,000 musicians around the world. Emagic will operate as a wholly owned division of Apple.

“Emagic has set the industry standard for professional music creation and production,” said Sina Tamaddon, Apple’s senior vice president of Applications. “We’re very excited to have the Emagic team join Apple and create more amazing products for musicians.”

Macintosh®-based products account for over 65 percent of Emagic’s current revenues. Emagic’s Windows-based product offerings will be discontinued on September 30, 2002.

Apple ignited the personal computer revolution in the 1970s with the Apple II and reinvented the personal computer in the 1980s with the Macintosh. Apple is committed to bringing the best personal computing experience to students, educators, creative professionals and consumers around the world through its innovative hardware, software and Internet offerings.

This press release contains certain “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management’s current expectations and are subject to uncertainty and changes in circumstances. Actual results may vary materially from the expectations contained herein. The forward-looking statements contained herein include statements about the consummation of the transaction with Emagic and benefits of the pending transaction with Emagic. Factors that could cause actual results to differ materially from those described herein include the inability to obtain regulatory approvals and the inability to successfully integrate the Emagic business. Apple Computer is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.

-------------------------------------
-------------------------------------

or or or or



Sign of comitment (IMHO) or stupid inelegant move?

Note: I'm a DP user

[Synthetik]

It took me a couple of days to realize what had happened but once it sunk in I found it kinda funny. take that PC users
Its finally my chance to shine.

OK seriously At first I was kinda timid on the idea. not to may buy out work. But I think Apple made a good decision by leaving Emagic as its own company and just taking the PC support away. This was Jobs is not in direct control. I must say though Steve has really been a good thing for Apple I am prouder to be a Mac user today then ever before. His ideas may seem strange and frankly stupid, but they work and I guess thats why he's the CEO of Apple and not me. I am interested to see what LA 6 will be like. Will they make the learning cover shorter
will they make the audio work better
I guess only time will tell.
And for anyone running a PC and Just bought LA5 I am so sorry. I had a cutomer buy LA5 from me a week before the buy out and he is one angry man. .