Apple was on the verge of bankruptcy, about 90 days away from running out of cash, according to the late Steve Jobs. Apple was so diminished that there were rumors that it was going to become a small and not especially important division of Sony.

Microsoft was riding high. Bill Gates was the wealthiest man in the world and a cult figure. Conservatives loved him for boasting that his company had no Washington office (this was before the antitrust lawsuit; Microsoft has staffed up in Washington since that sorry episode) and Republicans, knowing nothing about his politics, dreamed of running him as a presidential candidate. (The Republicans eventually figured out that Gates wasn’t one of them, but never quite got over their superstitious regard for wealthy businessmen.) …

Kevin D. Williamson. This isn’t a straight “how the mighty have fallen” column. Microsoft is doing extremely well, thank you, at “boring stuff.”

Reader John @ReaderJohn
My main blog is the Tipsy Teetotaler, http://intellectualoid.com.