Wang has failed in an attempt to take over the ailing US arm of Memorex Telex, it has emerged. Instead, the Dutch company has sold off its US business to three other companies, after it entered Chapter 11 bankruptcy protection in mid-October.
A representative at Wang said: ?We were certainly interested in bidding but we?ve withdrawn our bid now.?
Peter Gatling, group marketing director at Memorex Telex, said the three US winners were Decision One for services, Fujitsu company Sutmyn for storage and reseller Vanstar for systems integration.
Gatling said that the sale of Memtel's US daughter company will not affect its core business in Europe. ?We will retain our interests in Europe and Latin America,? he said. ?Memorex Telex is now very heavily into the services portfolio and has moved away from legacy systems.?
Its European business, he said, had moved into the Internet arena. Other 'daughter' subsidiaries, including MT UK, would not be affected by the US move. He said that Wang was interested in the US businesses because it, like MT itself, had moved firmly into the services area and away from hardware.
The Wang representative confirmed that talks with Kodak are still on the table but had nothing to add to an earlier corporate statement. She said she was unaware of any potential layoffs here in the UK.
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