(Bloomberg) — Sim Wong Hoo, who launched Innovative Engineering Ltd. in Singapore before sparring with Apple Inc., has died. He was 67.
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Sim died peacefully on Jan. 4, the enterprise claimed in a Singapore exchange submitting Thursday. “This is a unhappy and unexpected progress,” interim CEO Track Siow Hui mentioned in the statement. Tune, who was president of the Imaginative Labs business unit, mentioned the company will continue on to understand its late founder’s vision and strategy.
Imaginative, which Sim founded in 1981 and led considering the fact that, rose to fame with its Audio Blaster cards that brought audio to much more than 400 million particular desktops.
In 1992, Creative grew to become the initial Singaporean firm to list shares on the Nasdaq. By 2000, Sim was Singapore’s youngest billionaire. Creative won a $100 million settlement after suing Apple in 2006 for patent infringements in excess of the iPod.
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But it couldn’t keep up with giants like Apple. Innovative dominated the Laptop audio market until eventually the 2000s, then missing floor to pcs that ended up developed with integrated seem cards.
Creative’s Singapore-mentioned stock has plunged from a higher of S$64 ($48) in 2000 to fewer than S$2.
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