Cool. I hope the System i folks get to keep their jobs. That would go a ways
toward solving the hunger problem.
Paul Nelson
Office 512-392-2577
Cell 708-670-6978
nelsonp@xxxxxxxxxxxxx
-----Original Message-----
From: midrange-nontech-bounces@xxxxxxxxxxxx
[mailto:midrange-nontech-bounces@xxxxxxxxxxxx] On Behalf Of Eric Lehti
Sent: Thursday, January 17, 2008 7:55 AM
To: Non-Technical Discussion about the AS400 / iSeries
Subject: RE: Solving World Hunger with the System i and
maybehelpingtheplatform
Although CompUSA went out of business last month, Systemax (TigerDirect)
just now bought them. Here is one news article about it.
http://arstechnica.com/news.ars/post/20080107-back-from-the-dead-compusa
-assets-snapped-up-by-tigerdirect.html?loc=interstitialskip
CompUSA will live on, thanks to a deal with electronics marketer
Systemax. Systemax, which owns popular computer parts reseller (and
CompUSA competitor) TigerDirect, announced yesterday that it has entered
into an agreement to purchase the CompUSA brand, trademarks, and
e-commerce business. It also plans to acquire select assets and retail
stores from the company, and says that it expects to close various parts
of the deal throughout the first quarter of the year.
"We believe the value of the CompUSA brand remains very high. The
company has a long legacy of value pricing, service and customer loyalty
among consumers nationwide," said Systemax CEO Richard Leeds in a
statement. "We view this acquisition as a strong complementary business
to our TigerDirect operation."
The announcement comes exactly a month after CompUSA announced that it
had been sold to restructuring firm Gordon Brothers Group to close the
remainder of its 103 stores. At the time, Gordon Brothers Group said
that it planned to sell select stores in key markets in addition to
CompUSA.com and the company's tech service business, and it was widely
rumored that TigerDirect would swoop in to buy those assets. Retail
stores that weren't in the process of being sold were closed just after
the holidays . . . . (much more found in the article)
midrange.com
