Frustrated that Sega Enterprises Ltd blew the US launch of the Saturn games machine by charging $500 for it instead of the $300 he wanted, Thomas Kalinske has quit as president and chief executive of Sega of America to join a new company founded by one-time junk bond king Michael Milken and Larry Ellison, chairman of Oracle Corp. According to the New York Times, Kalinske will become president of Education Technology LLC, founded in March to pursue opportunities in the education market – The goal is to meet the education needs of people over their entire lifetimes – from ages two to 80, Kalinske told the paper. The company presently has only about eight employees, but hundreds of millions of dollars to buy or form new companies related to the education world.
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