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Amiga SOLD!
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1997-03-29
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Gateway 2000 acquires assets of Amiga Technologies GmbH
North Sioux City, 8.D.March 27 1997 - Gateway 2000 Inc. (Nasdag: Gate)
today announced that the company has made an offer to aquire the
assets of AMIGA Technologies including all patents,
trademaks and trade names. The Company is a subsidary of ESCOM AG,
a German-based computer company that went into bankrupty in July
of 1996. Amiga led the industry in combining computer graphics,
animation, and film sequences with stereo sound known today as
multimedia. The offer has been accepted by the court-appointed
Administrator in Bankruptcy in Germany acting on behalf of AMIGA.
The agreement is subject to regulatory approval. This acquisition
is good news for Gateway and customers of AMIGA, said Rick Snyder,
president and COO of Gateway 2000. It will strengthen our
intellectual property position and invigorate a company that has
been a pioneer in multimedia solutions and operating systems
technology. AMIGA Technologies 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.
About Gateway 2000
Gateway 2000, Inc., a Fortune 500 company founded in 1985, is a
global leader in the direct marketing of PCs. The company,
headquartered in North Sioux City, South Dakota, has manufacturing
facilities in the United States, Ireland and Malaysia, and employs
over 9,700 people worldwide. Gateway 2000 products and services
consistently win top awards from leading industry publications.
In 1996, the company shipped 1.9 million systems and reported
revenues of $5 billion and net income of $250 million.
About AMIGA
Since the introduction of the AMIGA A1000 in 1985, AMIGA has
represented the embodiment of the efficient use of memory
and hard drive capacity, while pioneering industry developments
in multimedia, 32-bit multitasking and autoconfiguration.
For additional information, please e-mail Steve Johns, Director
of Corporate Development for Gateway 2000 at johnsste@gw2k.com.
MEDIA CONTACT:
Angela Peacock, Corporate Communications, (605) 232-1686.