February 9, 1993: NeXT Inc., the company Steve Jobs founded after being pushed out of Apple, quits making computers. The company changes its name to NeXT Software and focuses its efforts entirely on producing code for other platforms.
In a mass layoff, 330 of NeXT’s 500 employees are made redundant in an event known internally as “Black Tuesday.” Cruelly, many people hear of their fate on the radio.
NeXT Computer is dead
NeXT showed typically Jobsian chutzpah by describing the change as less a failure than a democratization of tech previously available only to NeXT customers.
Read more at CultOfMac.com