Magnetic Pages Article | 1996-05-05 | 5KB | 41 lines
MPARTICLE
= * This message forwarded from area 'Mail Amiga Technologies'
(NET_2_999_99_9)8 * Original message dated 16 Apr 96, from Gilles Bourdin
/Keynote from Petro Tyschtschenko, April 13 1996,Press conference at World of Amiga in London
Ladies and Gentlemen,
IFirst of all, I'd like to thank you for being here at this first World of
Amiga show in the UK this year.
BAs you might most certainly have heard already, our company, AmigaGTechnologies GmbH is about to be sold by ESCOM to VIScorp. The process,Eengaged by the signature of a binding letter of understanding betweenBESCOM, VIScorp and Amiga has been announced on Thursday this week.
HI will use this opportunity to introduce you Mr. William Buck, presidentAand CEO of VIScorp. I'm quite sure that Bill will say a few words
afterwards.
GA lot of questions arise. Why is this happening ? Who is VIScorp ? What
does this mean for Amiga ?
EIn 1995, when ESCOM took over the intellectual property of the formerHCommodore, ESCOM was in a financially good shape. The year 1994 had beenEexcellent and the corporate policy was set to expansion. A multimediaHcompany was formed. The decisions taken at this time were good and ESCOM.saved the Amiga computer from its bad destiny.
IAmiga Technologies was founded and Amiga computers were brought back to aKdemanding market. Strategic decisions were taken to ensure the venue of newJtechnology based models as soon as possible. We have achieved all this and!we are proud of that performance.
HOf course, all these projects and plans are to be financed. it was clearIfrom the beginning that it would take some time for a break-even point toJbe reached. The company created in may 1995 only could begin with sales inImid-September. We have then sold 40 thousand A1200 , 13 thousand monitorsCand 2000 A4000T machines worldwide until now, which is a satisfying
result.
EAs you might be aware of, ESCOM is currently facing a quite difficultIfinancial situation. A bad christmas season and inventory write offs wereDthe main reasons for this. This situation of course is also directlyGaffecting Amiga Technologies. The fact is that ESCOM currently does notIhave the financial resources needed to support the still ongoing costs ofAour operation, especially advertising and research & development.
JTo continue a successfull Amiga business, a solution to this situation hasEto be found. I checked a lot of possibilities, I looked into a lot ofJalternatives. Ladies and Gentlemen, I personnaly think that VIScorp is oneCof the best solutions. It is a very interesting opportunity for our
future.
DLast year, in december, a license agreement was signed between AmigaGTechnologies and VIScorp, for the making of the Amiga set-top box. ThisFproduct is network oriented and needs a system like the Amiga with itsJvideo abilities and tight operating system. The relationship between AmigaETechnologies and VIScorp built up from this time on became closer and
closer.
DVIScorp is a research & development oriented company. These researchJefforts are based on the Amiga technology for use in set top boxes. Former@Commodore engineers work for VIScorp, which will of course be an<appreciable synergy for the development of Amiga in general.
EThe set-top box market is huge and will be a fantastic engine for our
activities.
HAs I told our staff yesterday, this procedure is not affecting our dailyIbusiness and ongoing projects, as well as my position as the president ofJthe company. We want the migration to be made as smooth and transparent asJpossible, for our company and also for our business partners and the Amiga
community.
HI am confident that this is a good chance for us to be successful in the
future.
HWhen this deal will be finalised, the Amiga technology will return to anIamerican company, which understands our technology and its manufacturing.
Thank you very much.
Regards,
Gilles Bourdin
--(Gilles Bourdin / Amiga Technologies GmbH
Public Relations0Email to: gbo@amiga.de URL: HTTP://www.amiga.de
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