By 1996 Apple's share of the market had fallen to 4% from a high of 16% in the late 1980s.
Michael Spindler, the German-born chief of Apple's European operations who had replaced Sculley as CEO in 1993,
tried to sell the company to Sun, IBM, and Hewlett-Packard.
That failed, and he was ousted in February 1996 and replaced by Gil Amelio, a research engineer who was CEO of National Semiconductor.
During his first year the company lost $1 billion,
and the stock price, which had been $70 in 1991, fell to $14, even as the tech bubble was pushing other stocks into the stratosphere.
Amelio was not a fan of Jobs. Their first meeting had been in 1994, just after Amelio was elected to the Apple board.
Jobs had called him and announced, "I want to come over and see you."
Amelio invited him over to his office at National Semiconductor,
and he later recalled watching through the glass wall of his office as Jobs arrived.
He looked "rather like a boxer, aggressive and elusively graceful, or like an elegant jungle cat ready to spring at its prey."
After a few minutes of pleasantries -- far more than Jobs usually engaged in -- he abruptly announced the reason for his visit.