- Sony ceases production of floppy disks. In other news, Sony was still making floppy disks.
Most other floppy disk manufacturers had long since pulled out of the market, and Sony itself has already ceased sales to most of its overseas markets. With the release of the iMac in 1998, Apple was the first computer maker to take the plunge and eliminate the floppy completely.
- Xerox decides to acquire Affiliated Computer for a mere $6.4 billion.
Earlier this month Xerox said it would begin selling digital printers for packaging and labels, aiming to tap a new market. Xerox had $1.22 billion in cash and cash equivalents at the end of last quarter, with about $6.7 billion in long-term debt.








