> Not really, Bill Gates rescued them.
Microsoft unquestionably kept them from dying at that point by giving them $150M. And probably it was a call from Jobs to Gates so I suppose you can say "Gates" instead of "Microsoft".
But my point was that foolish management got Apple to that point and they replaced that with a smarter management approach (and replaced a bunch of people).
Microsoft's cash lifeline wouldn't have helped them if they hadn't debugged themselves. Instead it would have simply have delayed death.
Apple had $1.2B cash at the time. It was symbolic, not substantial, for either party.