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MicroStrategy history
MicroStrategy company history timeline
In 1989, after completing the titanium project in 18 months, the 24-year-old Saylor told du Pont that he wanted to start his own consultancy to handle the company’s work.
MicroS-trategy began adopting its flagship product for the Web in 1996, providing an interface to allow clients to use the Internet or an intranet to query a database without having to install any specialized software.
In 1998 he made a tour to pitch his idea of a personal information network to companies.
The company also agreed to implementing a number of accounting changes and the appointment of an independent director to keep tabs for the SEC. Chastened by the experience, Saylor made other changes as well. It was also in 2001 that one of the cofounders, Thomas Spahr, left the company, reportedly under benign circumstances.
As 2002 came to a close, MicroStrategy returned to profitability and its stock price began to regain lost value.
Although revenues dropped to $147.9 million, the company netted $38.1 million in 2002.
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