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)
TT

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.



Dell Forecasts Downbeat Fourth-Quarter Revenue on PC Weakness

The logo of Dell Technologies at the Milipol Paris, the worldwide exhibition dedicated to homeland security and safety, in Villepinte near Paris, France, November 15, 2023. (Reuters)
The logo of Dell Technologies at the Milipol Paris, the worldwide exhibition dedicated to homeland security and safety, in Villepinte near Paris, France, November 15, 2023. (Reuters)
TT

Dell Forecasts Downbeat Fourth-Quarter Revenue on PC Weakness

The logo of Dell Technologies at the Milipol Paris, the worldwide exhibition dedicated to homeland security and safety, in Villepinte near Paris, France, November 15, 2023. (Reuters)
The logo of Dell Technologies at the Milipol Paris, the worldwide exhibition dedicated to homeland security and safety, in Villepinte near Paris, France, November 15, 2023. (Reuters)

Dell forecast fourth-quarter revenue below Wall Street expectations on Tuesday, weighed down by weaker demand for its traditional PCs and competition from rival server makers, sending its shares down more than 10% in extended trading.

Despite booming demand for the company's AI-optimized servers used to handle large artificial intelligence workloads, Dell's PC segment has been grappling with stiff competition from rivals and weak consumer spending amid an uncertain economy.

Enterprise customers are being mindful of their PC and IT spending in the short term, Dell executives said on a post-earnings conference call, adding that the company's consumer business was weaker than expected.

Dell forecast fourth-quarter revenue between $24 billion and $25 billion. The average analyst estimate is $25.57 billion, according to data compiled by LSEG.

"The entire PC market is in a transition period and moving towards on-device AI functionality which still isn't that defined and is expected to solidify in 2025," Gadjo Sevilla, senior analyst for AI and Tech at Emarketer, said.

Revenue from Dell's client solutions group, which houses its PC business, came in at $12.13 billion, below expectations of $12.43 billion.

Rival PC maker HP also provided a weak first-quarter profit forecast, while electronics retailer Best Buy trimmed its annual forecasts against the backdrop of weak consumer electronics demand.

Investors are also keenly eyeing Dell's costs after the company flagged in May that higher expenses to build AI-heavy servers and competitive pricing would hurt its margins.

"Interest in our portfolio is at an all-time high, driving record AI server orders demand of $3.6 billion in Q3 and a pipeline that grew more than 50%," Dell's Chief Operating Officer Jeff Clarke said on Tuesday.

Revenue from the company's infrastructure solutions group unit, which houses its AI servers business, rose 34% to $11.37 billion and beat estimates.

Dell reported revenue of $24.37 billion in the third quarter, missing estimates of $24.67 billion.