Gateway 2000 News Release
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 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.
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