Gateway 2000 Offer
Gateway 2000 Acquires Assets of Amiga Technologies GmbH
North Sioux City, South Dakota, March 27 1997 - Gateway 2000 Inc. 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.
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