|CBM-News


                      by J. Compton - Amiga Report

The News, as best as I can present it, as of 4-20-1995, about 10:00 PM
Eastern US time...


OK.  Today, the only valid bid presented to the liquidators was from
Escom.  Two other bids were presented.  One, from Creative Computers
(NOT CEI, a +California-based dealer) was rejected because they could
not put up the +necessary deposit.

The second, from Dell (PC-clone manufacturer) was rejected because it
+dictated a 7-day investigation period on patents.

The liquidators ruled that any and all conditions were unacceptable,
which +is why Alex Amor and presumably David Pleasance did not bid.

So, Escom's standing bid of $5 million was accepted.

NOW-Tommorow Judge Garrity will be ruling on the objections to the sale.

In addition to the objections from the C= US creditors, the liquidators
of +Commodore BV/Philippines/Netherlands/UK, and IBM...

He will ALSO have objections from Alex Amor, very probably from Dell,
and +possibly from David Pleasance.

Essentially, Dell and Amor are both willing to offer more than the Escom
$5 +million and can't fathom why their bids have been rejected or
invalidated.

Amor told me he hopes to get the judge to open the courtroom floor for
+bidding right there and then.  How likely this is, I have no idea.

<deep exhalation> That's all I know.

Jason Compton
Editor-in-Chief, Amiga Report Magazine
jcompton@xnet.com