ESCOM

ESCOM, previously Schmitt Computer Systems Ltd., was a German computer company, best known in the United States, United Kingdom, Germany, and the Netherlands as the successful purchaser of Commodore International in 1995. It became a separate company in 1991. In 1993, it became a publicly traded company, and it grew rapidly, controlling 11.2% of the German PC market by 1994. The company grew too quickly, however, and lost 185 Million Deutschemarks that year. With no bailout from its shareholders, the company declared bankruptcy on 15 July 1996 and was liquidated.