An Open Message to the Amiga Community
from Bill Buck, CEO, VIScorp - Chicago, IL - July 24, 1996
1. Escom AG and Amiga Technologies GmbH are in bankruptcy and
will cease to exist as corporate entities. VIScorp has reached an
agreement with the Trustee for the liquidation of these companies
and with the creditors of these companies for the purchase of
"Amiga." There were at least eleven different banks or companies
that had claims to be "owners" of the technology and/or the
inventory. Escom had liabilities of over $250 million. Imagine the
confusion...
2. The steps that we had to follow through the last three months
were painstaking. As the situation at Escom deteriorated, we had to
continually re-negotiate our purchase contract. We could not
speed-up the process. Many things we wanted to begin immediately we
have had to delay. The situation at Amiga and Escom were extremely
troubled. This was in part because of the difficult financial and
management situations at Amiga and Escom, but also because of how
poorly organized the intellectual property had been under
Commodore. In the course of the Commodore bankruptcy many problems
developed that were never repaired.
3. The final (and last of three) purchase contract was signed on
Friday, 19 July. It cannot be changed; it has been executed. The
intellectual property of the former Commodore and the inventory of
the former Amiga Technologies will be owned finally by VIScorp. The
final paperwork will be completed in the next 30 days. During this
month, VIScorp GmbH will be registered and Amiga Technologies will
continue to operate temporarily in bankruptcy for VIScorp.
4. Petro Tyschtschenko and his staff will continue to operate
from Germany. Raquel Velasco and Petro Tyschtschenko will be the
new General Managers of Amiga, to be known as VIScorp GmbH. Al
Duncan, a former General Manager of Commodore will join VIScorp to
manage the sales and distribution of VIScorp and Amiga products in
North America. Petro will continue to operate from Germany and
manage the existing business. Raquel is looking for someone from
the community to manage the re-organization of the sales and
distribution in Europe. Please contact Raquel if you are the right
person for this job.
5. The engineering efforts of the former Amiga Technologies and
the on-going engineering of VIScorp will be combined and
professionally managed. We intend to begin to implement the plans
we outlined in Toulouse very shortly.
6. Please excuse our lack of communication with the community
over the last months. We were severely restricted from
communicating our activities. Please resend your emails to any of
the VIScorp staff if they have not been answered by this letter. We
simply could not answer all the emails.
7. Do not expect miracles from VIScorp, expect slow, but steady
progress.
Thank you for your continued support.
Best Regards, Bill Buck
Contact: Florine Radulovic, Director of Communications
[http://www.vistv.com]
BACK
Last Update: 21/02/2003
|
