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holdings last year.

Although he no longer owns any part of Computerland, Miliard will appar-ently press ahead with his appeal to the 1985 Oakland jury ruling that awarded Micro/Vest 20% of Millard’s Computerland holdings, plus some $140 million in punitive damages.

With its verdict, the jury upheld a clause of a $US250,000 loan agreement that Miliard signed in 1976 when he formed Computerland. The clause stipu-lated that the holder of the notę would be entitled to receive 20% of MillarcTs Computerland holdings in exchange for repayment of the loan

Industry analvsts said the take-over

0    0

by Warburg will mean a boost for Computerland, as the investment firm has apparently promised to invest morę Capital into the 800-store Computer re-tail chain.

The deal also formally separates all remaining ties Miliard may have had with the company. MillarcTs stubborn opposition to changes in the Computerland organisation had caused a major rift between the Corporation and a ma-jority of the storę owners.

Fujitsu and Fairchild strengthen ties

Despite the successful effort by the Reagan Administration to prevent Japa-nese firm Fujitsu from taking over Fairchild Semiconductor, the iwo firms con-tinue to closely align their product, marketing and manufacturing operations.

Fujitsu may be the chief financial * backer of a management buy-out deal being developed by FairchilcTs management. The deal would reportedly give Fujitsu a 30% stake in the new independent Fairchild operation. FairchilcTs management, on the other hand would control just 15% of the company, and Schlumberger, the current owner, would retain a 10% share. Another unidenti-fied Computer company would acquire a 30% stake, and the remaining 15% would be sold to investment bankers.

Fujitsu has bcgun producing semicon-ductors for Fairchild. Fujitsu said it has begun production on Fairchild’s 32-bit Clipper microprocessor, as well as cer-tain custom-designed chips. The chips produced at F Mtsu*s Wakamatsu facili-ties, will be soi*i by Fairchild.

The agreement to produce some of Fairchild’s products was madę some time ago, but was kept secret for fear of adding even morę fuel to the contro-versy over the proposed sale of Fairchild to Fujitsu.    0

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