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Power Computing Corporation (often referred to as Power Computing) was the first company selected...

Power Computing Corporation (often referred to as Power Computing) was the first company selected by Apple Inc to create Macintosh-compatible computers. Stephen “Steve” Kahng, a computer engineer best known for his design of the Leading Edge Model D, founded the company in November 1993. Power Computing started out with financial backing from Olivetti ($5 million) and $4 million of Mr. Kahng’s money. The first Mac-compatible (clone) PC shipped in May 1995. Like Dell Computer, Power Computing followed a direct, build-to-order sales model. In one year, Power Computing shipped 100,000 units with revenues of $250 million in the first year. Power Computing was the first company to sell $1,000,000 of product on the internet, beating others such as Dell, eBay, and Amazon to that historic milestone. Power Computing released upgraded models until 1997 with revenues reaching $400 million a year. The Mac clone business was killed after Steve Jobs returned as interim CEO of Apple in July 1997. In September, Apple bought Power Computing for $100 million in Apple stock and terminated the Mac cloning business. Power Computing Corporation was born in November 1993, backed by $5 million from