#Escom Buys Commodore
11-Mar-95 04:44:20
Sb: #188414-#Escom Buys Commodore
Fm: Dan Stets 74777,1572
To: Gary Kleiner 74277,2662
Gary —
Escom is big, much bigger than I realized at first. It has more than
200 retail stores in Germany and Central Europe, and has bought recently retail
outlets in England. It also has a Japanese subsidiary. It is also the second
largest computer maker in Germany, after Vobis. I am not sure I completely
understand its corporate structure, but at least the computer unit is 10
percent owned by Siemens-Nixdorf. There may be other investment as well,
possibly from Quelle. The best U.S. counterpart I can think of is Radio Shack
in its heydey. It is a fast growing outfit with very deep pockets.
I might also say I have personally found themrather nasty and
uncooperative. There spokesman lied to me a few months back when I asked if
they were interested in Commodore. He told me definitely not in a very
unfriendly way. At the time, they were offering $12 million for the company.
I have no knowledge of what their plans for the U.S. market is. These guys
will do what suits them and the hell with everyone else.
— Dan