Information Technology Reference
In-Depth Information
willing to provide together with the available bank line will be
adequate for the Company's needs until such times as other fi-
nancing arrangements have been settled.”
The letter had been sent out. Now, he could only wait. If he
could just hold on until the 29 October shareholders' meet-
ing, he would vote himself back to power, the
MCM
/70 would
start shipping in quantities, and his entrepreneurial ambitions
to bring the world's first personal computer to market could
finally be realized. But that was unlikely. The successful execu-
tion of even logically proven plans can be guaranteed only in
the absence of countermeasures deployed by one's adversaries.
Robertson's recent resignation from the board of directors and
Borden & Elliot's disassociation from
MCM
were just the first
signs of things to come.
In a sudden turn of events, Kutt finally succeeded in convincing
the board of directors to restore his corporate authorities. He
arrived at the 21 October board meeting, the last meeting of
directors before the 29 October showdown with shareholders,
well prepared. He was accompanied by Laraya and Rea, whose
support he had secured earlier during an informal get-together
at his house in Willowdale. Recollecting the Willowdale meet-
ing, Rea stressed Kutt's determination to regain control of
MCM
. “He was going to take back the company. He said that
he would concentrate on finances and marketing … I would be
something like vice-president of operations or executive vice-
president, or something like that … looking after all the day-to-
day stuff: manufacturing, engineering; I guess even the software
group would be under this executive vice-president level. José
would become vice-president of engineering which José really
wanted all along.” To gain their support, continued Rea, “he
