View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
April 6, 1987

FORTUNE SYSTEMS’ HARDWARE SIDE TO GO TO SCI SYSTEMS

By CBR Staff Writer

The attempt at a management buyout of Fortune Systems’ Formula 68020 and 68000-based 32:16 Unix systems manufacturing and marketing business has failed, and Fortune has a letter of intent to sell to SCI Systems Inc of Huntsville, Alabama for an undisclosed sum. Fortune Systems is now left with its tiny Tigera Unix software development and marketing business in Belmont, California, $20m cash in the bank, plus whatever it received from SCI for the hardware business – plus some $60m in unused tax loss carry forwards racked up as Fortune accumulated losses over the years. SCI is mainly a subcontractor, but also builds Intel family Unix systems.

Topics in this article :
Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU