Computer tech pioneer, financier and philanthropist Max Palevsky dies in Beverly Hills at 85By AP
Thursday, May 6, 2010
Computer tech pioneer Max Palevsky dies at 85
BEVERLY HILLS, Calif. — Computer technology pioneer and venture capitalist Max Palevsky, perhaps best-known for funding then-startup chipmaker Intel Corp., has died. He was 85.
His wife Jodie Evans says Palevsky died of heart failure Wednesday at his Beverly Hills home.
The early high-tech pioneer turned mainframe computer builder Scientific Data Systems into an industry powerhouse that he sold to Xerox for $1 billion in 1969.
The billionaire financier and philanthropist then became a founder and director of chipmaker Intel.
Over the years, Palevsky helped finance then-fledgling Rolling Stone magazine, bankrolled movies, was a political activist and built a renowned art collection that transformed the Los Angeles County Museum of Art.
Information from: Los Angeles Times, www.latimes.com