William Millard (businessman)

Last updated
William H. Millard
William H. Millard.jpg
Millard in 1983
Born1932
ChildrenBarbara Logan, Elisabeth Judith, Annie Keieser

William "Bill" Millard (born 1932) is the founder of IMS Associates, makers of the IMSAI series of computers and the electronics retailer ComputerLand. He is credited[ by whom? ] as the "father" of modern computer retailing. He has also been called one of the world's most elusive tax exiles. [1]

William H. Millard worked for IBM and, later, as the head of data processing for the city and county of San Francisco. In 1969, together with his wife, Millard started a software publisher company called Systems Dynamics, which went bankrupt in 1972.

In 1973, Millard founded IMS Associates, which is most famous for IMSAI 8080 microcomputer first shipped in late 1975. By 1977, IMSAI's product line included printers, terminals, floppy diskettes and software. To finance rapidly growing operations, IMSAI pledged 20% of its stock as convertible note in exchange for $250,000 from investment firm Marriner & Co.

In 1976, in partnership with John Martin-Musumeci, IMS launched a successful computer reseller franchise ComputerLand. In 1982, ComputerLand's sales reached over $400 million and by 1984 the venture reached over $1 billion in revenue.

ComputerLand during the 1980s grew to 800 stores, and Millard's portion was valued at $1 billion or more. [1] Legal troubles from the failure of IMS, centered largely on a convertible note from the Marriner partnership that was later sold to a group of investors, led to a lawsuit in which Millard lost a substantial portion of his stake in ComputerLand. In 1987, he sold ComputerLand to E.M. Warburg, Pincus & Co. for about $200 million.

Millard and his family moved to Saipan where he removed himself from the public view. In September 2011, after 20 years, he was found living in the Cayman Islands. [1]

Related Research Articles

<span class="mw-page-title-main">Compaq</span> American information technology company

Compaq Computer Corporation was an American information technology company founded in 1982 that developed, sold, and supported computers and related products and services. Compaq produced some of the first IBM PC compatible computers, being the second company after Columbia Data Products to legally reverse engineer the BIOS of the IBM Personal Computer. It rose to become the largest supplier of PC systems during the 1990s before being overtaken by Dell in 2001. Struggling to keep up in the price wars against Dell, as well as with a risky acquisition of DEC, Compaq was acquired for US$25 billion by HP in 2002. The Compaq brand remained in use by HP for lower-end systems until 2013 when it was discontinued. Since 2013, the brand is currently licensed to third parties for use on electronics in Brazil and India.

<span class="mw-page-title-main">Altair 8800</span> Microcomputer designed in 1974

The Altair 8800 is a microcomputer designed in 1974 by MITS and based on the Intel 8080 CPU. Interest grew quickly after it was featured on the cover of the January 1975 issue of Popular Electronics and was sold by mail order through advertisements there, in Radio-Electronics, and in other hobbyist magazines. According to Harry Garland, the Altair 8800 was the product that catalyzed the microcomputer revolution of the 1970s. It was the first commercially successful personal computer. The computer bus designed for the Altair was to become a de facto standard in the form of the S-100 bus, and the first programming language for the machine was Microsoft's founding product, Altair BASIC.

<span class="mw-page-title-main">Novell</span> 1980–2014 American multinational software and services company

Novell, Inc. was an American software and services company headquartered in Provo, Utah, that existed from 1980 until 2014. Its most significant product was the multi-platform network operating system known as Novell NetWare.

<span class="mw-page-title-main">Carl Icahn</span> American businessman and financier (born 1936)

Carl Celian Icahn is an American businessman, investor, and philanthropist. He is the founder and controlling shareholder of Icahn Enterprises, a public company and diversified conglomerate holding company based in Sunny Isles Beach, Florida. Icahn's business model is to take large stakes in companies that he believes will appreciate from changes to corporate policy. Subsequently, Icahn then pressures management to make the changes that he believes will benefit shareholders. Widely regarded as one of the most successful hedge fund managers of all time and one of the greatest investors on Wall Street, he was one of the first activist shareholders and is credited with making that investment strategy mainstream for hedge funds.

Seymour Ivan Rubinstein is an American businessman and software developer. With the founding of MicroPro International in 1978, he became a pioneer of personal computer software, publishing under it the extremely popular word processing package, WordStar. He grew up in Brooklyn, New York, and after a six-year stint in New Hampshire, later moved to California. Programs developed partially or entirely under his direction include WordStar, HelpDesk, Quattro Pro, and WebSleuth, among others. WordStar was the first truly successful program for the personal computer in a commercial sense and gave reasonably priced access to word processing for the general population for the first time.

<span class="mw-page-title-main">IMSAI 8080</span> Microcomputer

The IMSAI 8080 was an early microcomputer released in late 1975, based on the Intel 8080 and later 8085 and S-100 bus. It was a clone of its main competitor, the earlier MITS Altair 8800. The IMSAI is largely regarded as the first "clone" microcomputer. The IMSAI machine ran a highly modified version of the CP/M operating system called IMDOS. It was developed, manufactured and sold by IMS Associates, Inc.. In total, between 17,000 and 20,000 units were produced from 1975 to 1978.

Micro Instrumentation and Telemetry Systems (MITS) was an American electronics company founded in Albuquerque, New Mexico that began manufacturing electronic calculators in 1971 and personal computers in 1975.

ComputerLand was a widespread chain of retail computer stores during the early years of the microcomputer revolution, and was one of the outlets chosen to introduce the IBM PC in 1981. The first ComputerLand opened in 1976, and the chain eventually included about 800 stores by 1985. After this time the rapid commoditization of the PC led to the company's downfall, with most of the retail locations closing by 1990. The company officially ended in February 1999.

<span class="mw-page-title-main">Multiuser DOS</span> Family of CP/M- and DOS-compatible multi-user multi-tasking operating systems

Multiuser DOS is a real-time multi-user multi-tasking operating system for IBM PC-compatible microcomputers.

<span class="mw-page-title-main">TJX Companies</span> American multinational discount department store corporation

The TJX Companies, Inc. is an American multinational off-price department store corporation, headquartered in Framingham, Massachusetts. It was formed as a subsidiary of Zayre Corp. in 1987, and became the legal successor to Zayre Corp. following a company reorganization in 1989.

<span class="mw-page-title-main">History of Apple Inc.</span>

Apple Inc, originally named Apple Computer, Inc., is a multinational corporation that creates and markets consumer electronics and attendant computer software, and is a digital distributor of media content. Apple's core product lines are the iPhone smartphone, iPad tablet computer, and the Macintosh personal computer. The company offers its products online and has a chain of retail stores known as Apple Stores. Founders Steve Jobs, Steve Wozniak, and Ronald Wayne created Apple Computer Co. on April 1, 1976, to market Wozniak's Apple I desktop computer, and Jobs and Wozniak incorporated the company on January 3, 1977, in Cupertino, California.

Radisys Corporation is an American technology company located in Hillsboro, Oregon, United States that makes technology used by telecommunications companies in mobile networks. Founded in 1987 in Oregon by former employees of Intel, the company went public in 1995. The company's products are used in mobile network applications such as small cell radio access networks, wireless core network elements, deep packet inspection and policy management equipment; conferencing, and media services including voice, video and data. In 2015, the first-quarter revenues of Radisys totaled $48.7 million, and approximately employed 700 people. Arun Bhikshesvaran is the company's chief executive officer.

<span class="mw-page-title-main">Comverse Technology</span> American-Israeli technology company (1982–2013)

Comverse Technology, Inc., often referred to as simply Comverse, was a technology company located in Woodbury, New York in the United States, that developed and marketed telecommunications software. The company focused on providing value-added services to telecommunication service providers, in particular to mobile network operators. Comverse Technology had several wholly or partly owned subsidiaries. The name "Comverse" is a fusion of the words "communication" and "versatility".

IMS Health was an American company that provided information, services and technology for the healthcare industry. IMS stood for Intercontinental Medical Statistics. It was the largest vendor of U.S. physician prescribing data. IMS Health was founded in 1954 by Bill Frohlich and David Dubow with Arthur Sackler having a hidden ownership stake. In 2010, IMS Health was taken private by TPG Capital, CPP Investment Board and Leonard Green & Partners. The company went public on April 4, 2014, and began trading on the NYSE under the symbol IMS. IMS Health was headquartered in Danbury, Connecticut.

<span class="mw-page-title-main">Michael J. Saylor</span> American entrepreneur and business executive (born 1965)

Michael J. Saylor is an American entrepreneur and business executive. He is the executive chairman and co-founder of MicroStrategy, a company that provides business intelligence, mobile software, and cloud-based services. Saylor served as MicroStrategy's chief executive officer from 1989 to 2022. He authored the 2012 book The Mobile Wave: How Mobile Intelligence Will Change Everything. He is also the sole trustee of Saylor Academy, a provider of free online education. As of 2016, Saylor had been granted 31 patents and had 9 additional applications under review.

<span class="mw-page-title-main">IMS Associates, Inc.</span>

IMS Associates, Inc., or IMSAI, was a microcomputer company, responsible for one of the earliest successes in personal computing, the IMSAI 8080. The company was founded in 1973 by William Millard and was based in San Leandro, California. Their first product launch was the IMSAI 8080 in 1975. One of the company's subsidiaries was ComputerLand. IMS stood for "Information Management Sciences".

IQVIA, formerly Quintiles and IMS Health, Inc., is an American multinational company serving the combined industries of health information technology and clinical research. IQVIA is a provider of biopharmaceutical development, consulting and commercial outsourcing services, focused primarily on Phase I-IV clinical trials and associated laboratory and analytical services, including strategy and management consulting services. It has a network of more than 88,000 employees in more than 100 countries and a market capitalization of US$49 billion as of August 2021. As of 2017, IQVIA was reported to be one of the world's largest contract research organizations.

Caesars World Inc. was a hotel and casino operator. It began as Lum's Inc., owner of the Lum's chain of restaurants. It shifted into the gaming business with the purchase of Caesars Palace on the Las Vegas Strip in 1969, selling off the restaurants and changing its name. Caesars grew to eight casinos and resorts over the years, until going through a series of ownership changes beginning in 1995, and was ultimately absorbed by Park Place Entertainment in 1999.

<span class="mw-page-title-main">Hewlett-Packard</span> American information technology company (1939–2015)

The Hewlett-Packard Company, commonly shortened to Hewlett-Packard or HP, was an American multinational information technology company headquartered in Palo Alto, California. HP developed and provided a wide variety of hardware components, as well as software and related services to consumers, small and medium-sized businesses (SMBs), and large enterprises, including customers in the government, health, and education sectors. The company was founded in a one-car garage in Palo Alto by Bill Hewlett and David Packard in 1939, and initially produced a line of electronic test and measurement equipment. The HP Garage at 367 Addison Avenue is now designated an official California Historical Landmark, and is marked with a plaque calling it the "Birthplace of 'Silicon Valley'".

<span class="mw-page-title-main">Actua Corporation</span> Defunct venture capital firm

Actua Corporation was a venture capital firm. During the dot com bubble, the company had a market capitalization of over $50 billion. The company was originally known as Internet Capital Group, Inc. and changed its name to Actua Corporation in September 2014. In 2018, the company underwent liquidation.

References

  1. 1 2 3 Frank, Robert. "After 20 Years, Missing CEO Reappears". The Wall Street Journal. Archived from the original on 2011-09-13. Retrieved 2011-09-12.