Cyberian Outpost sells
It would bring the troubled history of Cyberian Outpost to an end with an acquisition. The well-known computer retailer on the Internet, one of the main worldwide and very popular among Mac users, has confirmed today that it has reached an agreement for the sale of its share capital to PC Connection for a value still to be defined and based on turnover that Cyberian will realize between July and August compared to the value of the PC Connection shares in the ten days preceding the effective closure of the agreement. The sale of its business has become a necessity for Cyberian Outpost after the unhappy last fiscal quarters. Following bad performances, CEO Katherine Vick resigned, so CFO Chief Paul Williams III and directors James Preston and Michael Murray resigned. Cyberian's share price dropped below a dollar to a minimum of 13 cents after the announcement of below-forecast profits and the layoff of 30% of staff.In the plan to incorporate the Cyberian brand, it will remain alive and the sales operations will continue in the current headquarters of the company. Cyberian Outpost, in addition to one of the best known product retailers on the Internet, also one of those that first looked at the Mac world with attention thanks to the fact that its founder he was a shareware developer for our platform. Even today the turnover in Mac products of Cyberian Outpost, according to some surveys, by far the largest of the whole network.