M&Ms turn down the chance to be the candy featured in E.T.

M&Ms turn down the chance to be the candy featured in E.T.

  One of the better known tales from the world of business blunders is the infamous story of the time M&Ms turned down a golden opportunity to be the treat that was used to lure E.T. out from his hiding place and into our hearts.   Steven Spielberg’s 1982 blockbuster earned a reputed $792 million…

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Elisha Gray misses out on owning the telephone patent by two hours

Elisha Gray misses out on owning the telephone patent by two hours

  Everybody knows the telephone was invented by Alexander Graham Bell, but what a lot of people don’t know is that someone else also had a design for a slightly different version but wasn’t able to register it speedily enough.   The gentleman’s name in question was a certain Elisha Gray. He was born in…

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Edwin Drake designs a well that kick starts the oil industry but doesn’t patent his design

Edwin Drake designs a well that kick starts the oil industry but doesn’t patent his design

  Forget JR or Bobby Ewing from Dallas – forget JD Rockerfeller even, because the oil industry has its humble beginnings way back in 1859 by way of the dogged determination and chance success of an ex-railroad conductor called Edwin Drake. Drake was responsible for drilling the first oil well for commercial use in Titus,…

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Gary Kildall misses out on becoming the richest man in the world

Gary Kildall misses out on becoming the richest man in the world

  Way back in the summer of 1980, representatives from IBM reached out to a group of computer nerds at a company called Digital Research Inc. based in California. Their aim was to commence talks about licensing DRI’s all-conquering operating system CP/M.   Legend has it that rather than take the call, DRI’s founder Gary…

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excite.com passes on the chance to buy Google for $750,000 back in 1999

excite.com passes on the chance to buy Google for $750,000 back in 1999

  Way back in the internet dark ages – 1999 to be precise, the then leading search engine excite.com had the opportunity to purchase Google for a measly $750,000. Second only to Yahoo (remember those guys) in the world of search at the time, Excite ultimately reneged on the deal due to what they considered…

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Ross Perot walks away from the chance to buy Microsoft

Ross Perot walks away from the chance to buy Microsoft

By 1962, Ross Perot had become a huge name in the world of tech by founding Electronic Data Systems, a company that was later to become a division of Hewlett Packard. EDS supplied computer systems to corporations and government departments and Mr. Perot enjoyed great success after investing an initial $1000 in his new venture….

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