#Alwin Stumpf on the line
03-Jun-94 13:33:28
Sb: #150439-#Alwin Stumpf on the line
Fm: Herman Stevens 100021,2613
To: Educom 100325,637
>1) Samsung was in the competition.
>2) Philips was in the competition.
Well, there were several meetings between buyers : atleast 27 parties have
shown an interest in C=. Unfortunately, NONE wants to buy the whole firm.
Philips was one of the 27, but no sign of SAMSUNG …
Some of the shareholders-creditors did ask for chapter 7 for CEL and CIL
in the US on May 4th. This was accepted by the court on May 25th, the
hearing will be in New York on June 24th. A few names : Prudential, Pruco
Life Insurance Company, and Anchor National Life Insurance Company were
amongst those for chapter 7 liquidation. Mr Gould was was not between them
????
My source highly doubts that SAMSUNG is one of the interested parties. He
still thinks that it is one big smoke screen. Samsung, or the real buyer,
was also interested in the Commodore name for selling PC's …
Source : from someone working at management level at one of the European
brancheds of C= that are still running.
Herman