Contents | < Browse | Browse >
Gateway 2000 Offer To Buy AMIGA Accepted
Monday March 31 10:00 AM EST
NORTH SIOUX CITY, S.D. - Gateway 2000 says its offer to acquire the assets
of AMIGA Technologies has been accepted by a bankruptcy court in Germany.
The value of the offer was not disclosed.
AMIGA is a subsidiary of ESCOM, a German-based computer company that filed
for bankruptcy in July 1996. AMIGA's technology combines computer
graphics, animation, and film sequences with stereo sound.
Gateway 2000's purchase includes patents, trademarks and trade names.
The agreement is subject to regulatory approval.
AMIGA "will strengthen our intellectual property position and invigorate a
company that has been a pioneer in multimedia solutions and operating
systems technology," said Rick Snyder, Gateway 2000 president, in a
AMIGA will be renamed AMIGA International. The company will operate as a
separate business unit and will retain its current president, Petro
Tyschtschenko, who will work to develop new products for the AMIGA market.
"Gateway 2000 will give us new life and energy for the future," said
Tyschtschenko, in a statement.
Gateway 2000 is a direct marketer of personal computers. It shipped 1.9
million systems in 1996 and reported revenues of $5 billion.