Troubled Escom to sell Amiga Technologies

Financially troubled German PC retailer Escom AG says it will sell its Amiga Technologies

GmbH subsidiary to Visual Information Services (VIScorp) of Chicago in a US$40 million transaction.

Escom acquired the Commodore and Amiga computer technology, patents, intellectual properties, and brand

names in April 1995 for US$10 million at a bankruptcy auction for Commodore International, which filed for

liquidation in 1994. Escom earlier this year itself reported losses of US$85 million for 1995, prompting founder

Manfred Schmitt to resign last month. Selling Amiga will allow Escom to better concentrate on its core

business of PC retailing, Escom said in a statement. VIScorp, which makes set-top boxes, will acquire the

Amiga and Commodore technology and intellectual property, but not the Commodore brand names, Escom

says.

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