Rare Steve Jobs Items Hit the Auction Block

A 1970s Allan Alcorn Atari Inc. employee ID and Atari Pong "Home Edition" prototype game console are pictured during a preview of items offered in RR Auction's "The Steve Jobs Revolution" sale, in New York City, U.S. March 8, 2022. (Reuters)
A 1970s Allan Alcorn Atari Inc. employee ID and Atari Pong "Home Edition" prototype game console are pictured during a preview of items offered in RR Auction's "The Steve Jobs Revolution" sale, in New York City, U.S. March 8, 2022. (Reuters)
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Rare Steve Jobs Items Hit the Auction Block

A 1970s Allan Alcorn Atari Inc. employee ID and Atari Pong "Home Edition" prototype game console are pictured during a preview of items offered in RR Auction's "The Steve Jobs Revolution" sale, in New York City, U.S. March 8, 2022. (Reuters)
A 1970s Allan Alcorn Atari Inc. employee ID and Atari Pong "Home Edition" prototype game console are pictured during a preview of items offered in RR Auction's "The Steve Jobs Revolution" sale, in New York City, U.S. March 8, 2022. (Reuters)

Items from the birth of Apple, home computing and video gaming are up for grabs at an auction, which will conclude on March 17.

The top lot from "The Steve Jobs Revolution: Engelbart, Atari, and Apple" auction is a July 1976 check to pay $3,430 for parts for the Apple 1 computer, signed by Apple founders Steve Jobs and Steve Wozniak.

"This is before they had any investors," explained Bobby Livingston, executive vice president at RR Auction, which is conducting the sale. "The reason it's signed by both of them is in their charter. Any expenses over $1,000, they both had to agree and here's the evidence."

The auction includes many items relating to Jobs, including high school photos and an application he had filled out for a job at Atari, which will also come as an NFT (non-fungible token).

"Steve did not sign very many things. He didn't like to sign objects. So his signature is very rare. It's actually one of the rarest signatures that collectors are interested in. So any time something comes up with Steve's signature on it, it goes for a lot of money," said Steven Levy, editor at large for Wired magazine, which focuses on emerging technologies.

The auction house said the items, including a quarter taken from one of the first Atari Pong video game machines and a 1960s Douglas Engelbart mouse, help tell the story of computer history.

"What makes these computers and video games so special is they're prototypes and they're very early models that are difficult to find. These items are being consigned to us by people from the Silicon Valley that were there when this whole computer revolution started," said Livingston.



Samsung Electronics Changes Chip Chiefs after Chairman Lee Confronts ‘Crisis’

The company logo is displayed at the Samsung news conference at the Consumer Electronics Show (CES) in Las Vegas January 7, 2013. (Reuters)
The company logo is displayed at the Samsung news conference at the Consumer Electronics Show (CES) in Las Vegas January 7, 2013. (Reuters)
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Samsung Electronics Changes Chip Chiefs after Chairman Lee Confronts ‘Crisis’

The company logo is displayed at the Samsung news conference at the Consumer Electronics Show (CES) in Las Vegas January 7, 2013. (Reuters)
The company logo is displayed at the Samsung news conference at the Consumer Electronics Show (CES) in Las Vegas January 7, 2013. (Reuters)

Samsung Electronics sought to inject impetus into its memory and foundry chip units by appointing new leaders on Wednesday, as it scrambles to catch SK Hynix and Taiwan's TSMC in the booming AI chip market.

The world's biggest memory chipmaker reavowed its faith in semiconductor chief Jun Young-hyun by naming him co-CEO and bestowing direct control of its struggling memory chip business.

Samsung also made US chip head Han Jin-man president and head of its foundry business making customer-designed chips.

However, Samsung kept Chung Hyun-ho, second-in-command to Chairman Jay Y. Lee, as head of its Business Support Task Force and appointed a former CFO as Chung's deputy. That disappointed some analysts who argued for change among the biggest decision makers whose missteps they said made Samsung slow to embrace AI.

Samsung's share price closed down 3.4% as the reshuffle did little to calm concern about how the technology giant will navigate risk associated with the protectionist policies of US President-elect Donald Trump.

Even before Trump's election triumph, Samsung's stock had been falling due to investor concern that it lags rivals as supplier to leading AI chip designer Nvidia.

Chip chief Jun takes on direct oversight of the memory chip business having headed the overall semiconductor division since May in an appointment Samsung said would tackle a "chip crisis".

Profit in the division plunged 40% in the third quarter from the second, with Samsung saying AI chip business had suffered a delay with a "major" customer - with analysts naming Nvidia as the likely customer. Samsung has since said it has made headway.

The extra responsibility indicates "Samsung is backing Jun's strategy to regain its competitiveness," said KB Securities' head of research Jeff Kim.

Still, with Chung remaining head of the Business Support Task Force - widely regarded as Lee's de facto secretariat involved in key decision-making - there are questions as to whether the reshuffle will address concerns about leadership, said Park Ju-gun, head of corporate analysis firm Leaders Index.

Joining the Business Support Task Force is President and CFO Park Hark-kyu, with a new CFO yet to be announced.

As well as catching up in AI and stemming a stock price decline, management has to contend with slowing profit growth and intensifying competition from Chinese rivals.

"I am fully aware that there are grave concerns about the future of Samsung recently," Chairman Lee said this week during a final hearing of an accounting fraud trial where he is a defendant. He has denied wrongdoing.

Wednesday's appointments also included a new chief technology officer of the foundry business and an executive tasked with finding new growth areas.

Samsung said the reshuffle is aimed at overcoming business uncertainty, revamping its organization and raising the technological competitiveness of its chip business.