Information AboutEscom |
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ESCOM, actually Eickmeyer Schmitt Computer Society Ltd., was a German computer company, best known in the United States , United Kingdom , Germany and The Netherlands as the successful purchaser of Commodore International in 1995 . Escom was founded by Manfred Schmitt of Darmstadt , Germany as the computer division of his music company in 1986 . It became a separate company in 1991 . In 1993 , it became a publicly traded company, and it grew rapidly, controlling 11.2% of the German PC market by 1994 . In 1995, Escom bought Commodore International for US$14 million, primarily to get the Commodore brand name. It started using the Commodore name on computers sold in Europe , and established a separate division for Amiga -related technologies. The company grew too quickly, however, and lost 185 million German Marks that year. With no bailout from its shareholders, the company declared Bankruptcy on July 15 , 1996 and was liquidated. The Commodore assets were purchased the following year by Tulip Computers, and the Amiga assets by Gateway . |
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