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Globes: Tim Cook: Anobit being integrated into Apple

Published on Jan 25 2012 // Business and Financial News

January 25, 2012–”Anobit has some fantastic technical talent, and we’re really fortunate to have them join us,” said Apple CEO Tim Cook in his first reference to the Israeli start-up, which Apple Inc. (Nasdaq: AAPL) acquired for $390 million earlier this month. He clearly indicated that Anobit will be integrated into Apple, rather than operate as an independent division.

“We don’t believe in lots of divisions like a lot of companies do, and so we run the company as one, instead of a lot of mini-companies. The semiconductor team works for Bob Mansfield as does all of the hardware engineering for the whole company, and so Bob and his team are integrating Anobit into that team,” said Cook…Read More>>>

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