#AC News ESCOM Wins- 4Now
From Amazing Computing For The Commodore Amiga
According to our source at the Commodore Auction in New York today, initial
bidding was made by only two companies, ESCOM of Germany and DELL Computer.
There were sixty attendees at the auction. Most of the attendees were previous
stockholders, creditors, and other interested parties.
No one else offered the required $1 million deposit, although one CA dealer did
express interest and attempted to bid but they were unable to show an ability
to pay the $1 million.
Although the Dell Computer bid offered more money, the Dell bid required
additional time to study the patents. This request was declined and ESCOM's
lower bid was accepted.
The ESCOM bid will be presented to the Bankruptcy court in New York but there
is expected to be strong opposition. In any event, the court presentation
tomorrow should be the final act in this continung saga.
Don Hicks
Managing Editor
Amazing Computing