Page "Mitch Kapor" Paragraph 6

Shortly after Kapor left VisiCorp, Sachs and he designed and developed an integrated spreadsheet and graphing program.

Even though IBM and VisiCorp collaborated on VisiCalc for the PC and VisiCalc shipped simultaneously with the PC, Lotus had a superior product.

Lotus released Lotus 1-2-3 in January 1983.

The name referred to the three ways the product could be used: as a spreadsheet, a graphics package, and a database manager.

The last function was seldom used.

1-2-3 was the most powerful spreadsheet available in the new PC-compatible market ; sales were enormous, turning Lotus into the largest independent software vendor in the world almost overnight.

The business plan had called for $ 1, 000, 000 in sales in the first year, but the actual results were $ 53, 000, 000.