Gateway 2000 acquires assets of Amiga Technologies GmbH
North Sioux City, S.D., March 27, 1997 - Gateway 2000, Inc. (Nasdaq: GATE), today announced that the company has made an offer to acquire the assets of AMIGA Technologies including all patents, trademarks and trade names. The company is a subsidiary of ESCOM AG, a German-based computer company that went into bankruptcy in July of 1996. Amiga led the industry in combining computer graphics, animation, and film sequences with stereo sound known today as multimedia.
"This acquisition is good news for Gateway and customers of AMIGA," said Rick Snyder,
president and COO of Gateway 2000. "It will strengthen our intellectual property
position and invigorate a company that has been a pioneer in multimedia solutions
and operating systems technology".
AMIGA Technologies GmbH will be renamed AMIGA International, Inc.. The company will
operate as a separate business unit and will retain its current president, Petro
Tyschtschenko, who will work to develop new products for the AMIGA market. "Gateway
2000 will give us new life and energy for the future", said Tyschtschenko.
About Gateway 2000
Gateway 2000, Inc., a Fortune 500 company founded in 1985, is a global leader in
the direct marketing of PCs. The company, headquartered in North Sioux City, South
Dakota, has manufacturing facilities in the United States, Ireland and Malaysia,
and employs over 9,700 people worldwide. Gateway 2000 products and services consistently
win top awards from leading industry publications. In 1996, the company shipped
1.9 million systems and reported revenues of $5 billion and net income of $250 million.
About AMIGA
Since the introduction of the AMIGA 1000 in 1985, AMIGA has represented the embodiment
of the efficient use of memory and hard drive capacity, while pioneering industry
developments in multimedia, 32-bit multitasking and autoconfiguration.