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November 22, 1993

BULGARIAN STATE DISK DRIVE FIRM COMPLETES BAIL-OUT OF KALOK

By CBR Staff Writer

The state-owned Bulgarian hard disk drive manufacturer DZU has now completed the financial bail-out of the US start-up Kalok Inc, based in Sunnyvale California, which went filed for Chapter 11 protection earlier this year. The bail-out was announced a couple of months ago (CI No 2,266). DZU previously had a 14% stake in Kalok, for which it assembles half inch-high 3.5 form factor 17ms access time 250Mb fixed and removable drives from kits. The drives are currently labelled ‘Assembled in Bulgaria’ but are sold under the Kalok name. DZU officials would not say whether the Bulgarian company now owned a majority stake in Kalok, but the drives are now likely to carry both the Kalok and DZU logos. Kalok was founded in 1987 with $11m of equity finds. Separately, DZU has started ramping up production of 69Mb 1.8 drives also assembled from kits for Aura Associates Inc. Aura orginally announced its intention to get drives assembled by SZU in Stara Zagora in 1992 (CI No 2,021).

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