Former Apple Executive Avie Tevanian Joins Palm-Linked Elevation Partners
Private equity firm Elevation Partners today announced that former Apple executive Avie Tevanian has joined the company as a Managing Director, joining former Apple Chief Financial Officer Fred Anderson on the team behind Palm's attempt at reinventing itself.
Tevanian was a major figure at NeXT Computer, founded by Steve Jobs and later acquired by Apple for its NeXTSTEP operating system that eventually evolved into Mac OS X. He joined Apple as part of the 1996 acquisition of NeXT, and was named Chief Software Technology Officer in 2003. He left the company in 2006.
Fred Anderson, Managing Director and co-founder of Elevation said, "Avie and I worked closely together at Apple for many years and I have always admired his engineering talent and leadership, his strategic vision for how software can transform businesses and his ability to execute on that vision. We are proud that he has decided to join Elevation and believe he will be a huge asset as we explore new investment opportunities".
Elevation Partners holds a close relationship with Apple competitor Palm, having purchased a 25% stake in the company in mid-2007 as Palm prepared to refocus on its new webOS operating system that officially kicked off in early 2009 with the introduction of the Palm Pre.
As part of the restructuring of Palm, longtime NeXT and Apple executive Jon Rubinstein joined the company, where he now serves as CEO. Combined with the association with Anderson, who holds a position on Palm's board alongside two other directors of Elevation Partners, and now Tevanian, as well as several other hires from Apple's ranks, Palm has been seen as one the primary challengers to Apple's iPhone. But while Palm has released several webOS smartphones over the past year, it has yet to gain significant market share and is instead being overshadowed in recent months by the increasing success of Android-based smartphones.
Popular Stories
Apple is set to unveil iOS 18 during its WWDC keynote on June 10, so the software update is a little over six weeks away from being announced. Below, we recap rumored features and changes planned for the iPhone with iOS 18. iOS 18 will reportedly be the "biggest" update in the iPhone's history, with new ChatGPT-inspired generative AI features, a more customizable Home Screen, and much more....
Apple today released several open source large language models (LLMs) that are designed to run on-device rather than through cloud servers. Called OpenELM (Open-source Efficient Language Models), the LLMs are available on the Hugging Face Hub, a community for sharing AI code. As outlined in a white paper [PDF], there are eight total OpenELM models, four of which were pre-trained using the...
Apple has announced it will be holding a special event on Tuesday, May 7 at 7 a.m. Pacific Time (10 a.m. Eastern Time), with a live stream to be available on Apple.com and on YouTube as usual. The event invitation has a tagline of "Let Loose" and shows an artistic render of an Apple Pencil, suggesting that iPads will be a focus of the event. Subscribe to the MacRumors YouTube channel for more ...
There are widespread reports of Apple users being locked out of their Apple ID overnight for no apparent reason, requiring a password reset before they can log in again. Users say the sudden inexplicable Apple ID sign-out is occurring across multiple devices. When they attempt to sign in again they are locked out of their account and asked to reset their password in order to regain access. ...
Best Buy is discounting a collection of M3 MacBook Pro computers today, this time focusing on the 14-inch version of the laptop. Every deal in this sale requires you to have a My Best Buy Plus or Total membership, although non-members can still get solid second-best prices on these MacBook Pro models. Note: MacRumors is an affiliate partner with Best Buy. When you click a link and make a...
Apple used to regularly increase the base memory of its Macs up until 2011, the same year Tim Cook was appointed CEO, charts posted on Mastodon by David Schaub show. Earlier this year, Schaub generated two charts: One showing the base memory capacities of Apple's all-in-one Macs from 1984 onwards, and a second depicting Apple's consumer laptop base RAM from 1999 onwards. Both charts were...
