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June 24, 1990


By CBR Staff Writer

Kaypro Corp founder Andrew Kay won the day in the battle for control of the bankrupt personal computer manufacturer, succeeding in getting the management team led by Roy Salisbury brought in only in February to turn the company around – ousted, after taking control of the board. The US Bankruptcy Court in San Diego approved the changes. The board determined that the financial progress of the company was absolutely dismal in the period that Salisbury was in charge, said Kay. Ben Fisher has been appointed president and chief executive of Kaypro: he has been an employee of the company since the 1950s, and was instrumental in turning around Kaypro’s parent company, Non-Linear Systems, during the aerospace industry slowdown in the early 1970s according to Kay. Kaypro Europe will now also take direction from the new Kaypro board. Salisbury and his partner will continue as directors, and Salisbury says that he is fully prepared to co-operate with Kaypro’s new management. Nevertheless, he says, he believes that the Kays will never give up control, and therefore the end of Kaypro as a viable corporate entity is inevitable.

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