Amiga Update (1994-07-05)

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Amiga update

 · 2 Dec 2023

940705 news {This line added when newsletter was archived.} 
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     //              Amiga Update - News and Rumors                // 
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The following was downloaded from GEnie this weekend. It consists of two 
reports posted to GEnie from the "AmigaWorld" magazine Commodore 
information hotline. 
  Brad 
+++++++++++++++++++++++ 
Here's an exact transcription of the information on the AmigaWorld 
Hotline from the past two reports there of the Commodore situation. 

Direct from AmigaWorld to the *StarShip* on GEnie 

 

 =Begin= 

Hi, it's Tuesday, June 28. This is Dan Sullivan, Editor in Chief of 
AmigaWorld. 

This is an update of my last message of June 15th. 

If you haven't called before, background information will follow the 
update. 

We've learned that the deadline for all bids to purchase Commodore's 
holdings must be received in writing and with cash deposits to guarantee 
them by the trustees administering the Commodore liquidation by July 15th. 

Again, we are legally prohibited from disclosing the identities any of the 
groups who are bidding. 

However, at least one of the groups has already complied with the July 15th 
deadline.  Others may or may not follow. This particular group, as well as 
several other of the half dozen interested parties, has expressed their 
intention of resuming production and distribution of current Amiga 
systems, the A4000, the A1200 and CD32, and the development of new Amiga 
technology in the future. 

I will update this hotline number as soon as any announcement is made. 
How long after the July 15th deadline such an announcement will be made is 
not possible to predict at this time. All parties involved, however, 
realize time is of the essence. 

We hope to have word to you within a week to two weeks after that deadline. 
You can call Amiga World on the toll free 800-441-4403 line and ask for 
extension 365 or the Commodore Update. Or you can call directly to that 
line at 603-924-0365.  Again, it will probably be a week or two after 
July 15th before we have any word on the situation. 

Now, if you haven't called before, let me briefly fill you in. 

The Commodore liquidation proceedings have been taking place in the 
Supreme Court of the Bahamas where Commodore International is incorporated. 
Trustees appointed by that court have contacted parties interested in 
purchasing the company, with proceeds going to pay off Commodore's 
creditors. 

We have learned that approx six groups have expressed an interest. 

We will continue to report on these proceedings on this hotline and 
in the magazine. 

Thank you for your interest and patience. 

All the best. 

 

Wednesday, June 15, this is Dan Sullivan, the Editor of AmigaWorld. 

If you've called before, this is an update of previous messages 
concerning the Commodore situation. 

At the end of last week, hearings resumed in the liquidation proceedings 
of Commodore. AmigaWorld sent one of its reporters to Nassau to 
cover the hearings of the Bahamian Supreme Court. 

While we were tracking previously, negotiations between Commodore and 
Samsung,  the Korean electronics giant, about the acquisition of Commodore, 
no deal was struck during last week's proceedings. Instead, AmigaWorld has 
that learned bids for the acquisition of Commodore from at least six other 
parties were tendered to the court appointed trustee in charge of the 
Commodore liquidation. 

Such interest in the Amiga manufacturer is definitely not a bad thing. 

Absolute legal constraints of these proceedings prevent the disclosure of 
the identities of any of the parties bidding for the purchase of Commodore. 

However, from conversations with several of our sources, two things 
seem clear; the evaluation of these bids AND the resolution of Commodore's 
operations should take place within the next one to two weeks. AND that 
decision should occur and be announced in the U.S., not in the Bahamas. 

The information I am relaying here will be reported in the issue of 
AmigaWorld that is just going to press now, Aug 94.  However, as soon as 
further news is available, perhaps within one to two weeks of this message, 
I will update our hotline immediately. 

If you are calling back and are not using our 800 number, please do. It is 
800-441-4403.  Ask for the Commodore Update, or extension 365. 

The next issue of the magazine, Sept 94, will carry full details. 

Again, thank you for your interest and patience. All the best. 

 
  Dan Sullivan, AmigaWorld Editor 
+++++++++++++++++++++++++++++++++++++++++++ 
 So, the 15 of this month (or shortly after) should prove interesting. The 
biggest problem with all these delays is erosion of the Amiga infrastructure. 
A number of companies have stopped selling/developing Amiga products. So far, 
it's been mostly minor players. The major players are still watching events. 
Even the biggest Amiga companies aren't all that big, thought, and can't keep 
waiting forever. There's no Microsoft in the Amiga market.  
 The remaining Amiga dealers seem to be surviving by adding PC wares to their 
lines, thus keeping the income incoming. Safe Harbor now has more PC software 
on the shelves than Amiga. They're not about to abandon the market, however. 
We were discussing this with Mary just yesterday. Like most others, they're  
eager for information on what might happen the 15th. We'll keep you posted. 

Brad Webb 

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                                   ||  webb@malamute.med.ge.com 
     //  Commodore has fallen      ||  GEnie -- B.Webb 
   \X/   and it can't get up       ||  Portal -- Jumpdisk 
                                   || 
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