Gigamos Holdings is not yet home and dry in its proposed purchase of the assets of bankrupt Lisp Machine Inc, Lowell, Massachusetts. Gigamos, with its offer of $3.25m, was the high bidder in the auction, but Texas Instruments subsequently appealed the terms of the bidding process, and a second round of bidding was called, with a deadline of 11pm GMT last night. When we closed for press yesterday, Gigamos was the sole bidder, but with an offer of just $2m this time. The new bid is thought to exclude the receivables that were included in the original bid, but that is not clear. The winner is to be announced today.
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