TRUE

Steve Jobs confirmed this interaction during his 2005 commencement address at Stanford University. After being ousted from Apple in 1985, Jobs described himself as a public failure and expressed that he felt he had let the previous generation of entrepreneurs down. He specifically stated that he met with Hewlett-Packard cofounder David Packard and Intel cofounder Robert Noyce to apologize for screwing up so badly. Historical accounts from VentureBeat and Stanford University records indicate that Jobs felt he had dropped the baton as it was being passed to him. Readers should consult the full transcript of the 2005 Stanford address for a firsthand account of his career transition during this period.