1997
March 1997
NORTH SIOUX CITY, S.D., March 27, 1997 - Gateway 2000, Inc. (Nasdaq: GATE) today announced that the company has made an offer to acquire the assets of AMIGA Technologies including all patents, trademarks and trade names. The company is a subsidiary of ESCOM AG, a German-based computer company that went into bankruptcy 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 CEO 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.
