[alt.hypertext] Xanadu acquired by AutoDesk, to produce commercial product

gnu@hoptoad.uucp (John Gilmore) (04/11/88)

The Xanadu hypertext project, conceived by Ted Nelson about 15 years
ago and continuing on a shoestring and volunteer labor ever since,
has finally gone commercial.  They held a press conference at the
recent West Coast Computer Faire, with this press release:

	Sausalito, CA, April 6, 1988 -- Autodesk, Inc. announced today
	that it has signed an agreement to acquire an eighty percent
	equity interest in Xanadu Operating Company, of Palo Alto,
	California.  Xanadu is the developer, along with concept
	originator Theodor Nelson, of the Xanadu(TM) Hypertext System.

	The Xanadu Hypertext System stores, manages, and manipulates
	text and graphical information.  It is a new funadmental tool for
	information processing in the work group environment.

...	"Combined with Xanadu's technology, these resources will allow
	us to delover true hypertext products within the next eighteen
	months..."
...	[Roger] Gregory added that Xanadu will deliver a preliminary
	Xanadu Hypertext System for research institutions and advanced
	developers later this year.

...	Autodesk sells AutoCAD, the most popular CAD software package
	in the world.
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