3 Sep
1998
3 Sep
'98
1:16 p.m.
"Richard A. Cini, Jr." <rcini(a)email.msn.com> wrote:
One of my other projects is tracing-down IMSAI
intellectual property.
IMS sold out to Fischer-Freitas Corp. some time around 1979. My attorneys
are looking into this now; we're retrieving the court docket from the
bankruptcy court in Southern California.
Heh. Have you read _Once Upon a Time in ComputerLand_ by Jonathan
Littman (I think)? If not, you should.
At one point (before 1979) Bill Millard was pursuing an
income-sheltering scheme that involved selling IMS to a
south-of-the-border company that would liquidate it, then sell its
intellectual property to yet another company located on the Isle of
Jersey. Said third company would license the intellectual property
back to IMSAI Manufacturing Corp. which would make and sell computers.
IMSAI Manufacturing Corp. would pay a licensing fee; the third company
would pay Millard royalties.
I gathered this was never really completed, but Millard ended up going
to some effort in an attempt to put things back the way they were,
un-incorporating the old IMS Associates Inc. and IMSAI Manufacturing
Corp. to release the names, and incorporating new ones of each. Also
I thought that it was IMSAI Manufacturing Corp. that filed for
bankruptcy and presumably sold its assets to Fischer-Freitas. IMS
Associates was (I think) still the parent of both IMSAI Manufacturing
Corp. and ComputerLand.
Or maybe I don't understand it at all, IANAL. If you'd like to
explain it to me I'd appreciate it.
-Frank McConnell