Apple Files With SEC For Jobs To Sell 1.5 Million Shares

WASHINGTON - Apple Computer filed for Steve Jobs to sell 1.5 million shares he acquired when Apple bought NeXT Software in February.

The filing with the Securities and Exchange Commission yesterday said the sale would leave Jobs with just one share of Apple.

The company has lost more than $1.5 billion in the past six quarters. The filing reiterated an earlier warning that Apple won't return to profitability "until at least the fourth quarter of 1997, if not later." Apple's fiscal year ends in September.

Jobs founded NeXT in 1985 after being ousted from Apple, which he co-founded.

In a report today in The New York Times, Jobs said the filing was a routine matter and that he has no intention of selling his Apple shares.