American electronics company that manufactured disk drives and computing peripherals — and which acquired MITS (creator of the Altair 8800) in 1977 — before being itself acquired and dissolved in the 1980s.
Represents the fate of the pioneering PC company — MITS, acquired by Pertec in 1977, dissolved within a few years, while Microsoft and Apple who had built on the Altair went on to become trillion-dollar companies — a classic case of the platform company outliving the hardware company that created the opportunity.
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