Path: utzoo!mnetor!uunet!husc6!mit-eddie!ll-xn!ames!pasteur!ucbvax!fernwood.mpk.ca.us!geoff
From: geoff@fernwood.mpk.ca.us (Geoff Goodfellow)
Newsgroups: comp.sys.ibm.pc
Subject: Re: Tandy buys GRiD.
Message-ID: <8803231253.0.UUL1.3#948@fernwood.mpk.ca.us>
Date: 23 Mar 88 20:53:44 GMT
Sender: daemon@ucbvax.BERKELEY.EDU
Lines: 27

According to sources (NY Times, SF Chronicle, PA Times Tribune, own knowledge):

  Tandy, which operates Radio Shack, will buy GRiD for $55 Million in Tandy 
stock (or $2/share of GRiD stock).  Tandy will pay GRiD shareholders an 
additional $32.5 million in Tandy stock in 1990 if GRiD meets some 
unspecified earnings milestones.  GRiD was profitable on sales of $67.5 
million last year and is expected to top $100 million this year.

  GRiD (founded in '79 & intro'd the industries first laptop in '82) would 
remain a separate operation in Fremont, CA under current management, 
including Sam Wiegand, chairman & CEO.

  Tandy said it bought GRiD to give it an entry into upper-level corporate and 
governmental markets.

  Under the agreement, GRiD would continue to make/sell computers under its own 
name.  Tandy had no plans to sell GRiD computers in Radio Shack, although GRiD 
will be able to sell Tandy's standard personal computers either under the 
Radio Shack label or under GRiD's name.

  For a review of the recently intro'd 386 laptop,the GRiDCase-1530 (TRS-1530?),
see PC Magazine March 29, 1988, Vol 7, #6, Pages 102-106.
__
Geoff Goodfellow
Menlo Park, CA
Owner/Evangelist of GRiD Laptops, GRiD LANs & GRiD File Servers.
Geoff@fernwood.mpk.ca.us, fernwood!Geoff@sri-unix.arpa, sri-unix!fernwood!Geoff