A bug is discovered in the Intel Pentium chip and Pets.com closes down. All on today’s On This Day from TEST Huddle.
1994 – Bug in Intel’s Pentium Chip
The Electrical Engineering Times runs a cover story about flaws in Intel’s Pentium computer chip. The bug, an obscure flaw that causes extremely rare computation errors when performing certain types of mathematical calculations will eventually cause Intel to replace any Pentium processor affected by the flaw. Intel will take a US$475 million charge against earnings for the quarter to cover the expense of replacing all of the chips.
2000 – Pets.com closes down
What is seen as the embodiment of the dot-com boom and bust, on this day in 2000, Pets.com closes its doors and lays off eighty percent of its staff, less than two years afters its launch. The company blames the layoffs on “tough environment for business-to-consumer Internet companies.”