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Michael Kolsy

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BUSINESS
December 14, 1989 | DAVID OLMOS, TIMES STAFF WRITER
The chairman of an affiliate of Phoenix Group International has filed a lawsuit alleging that the Irvine technology investment company illegally attempted to squeeze him out of a potentially lucrative deal to sell personal computers to the Soviet Union. Michael Kolsy, chairman of American PC Corp. in Irvine, alleges in his suit that Phoenix illegally tried to dilute his one-third ownership interest in American PC in a financial transaction that involved a debt-for-stock conversion.
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BUSINESS
December 14, 1989 | DAVID OLMOS, TIMES STAFF WRITER
The chairman of an affiliate of Phoenix Group International has filed a lawsuit alleging that the Irvine technology investment company illegally attempted to squeeze him out of a potentially lucrative deal to sell personal computers to the Soviet Union. Michael Kolsy, chairman of American PC Corp. in Irvine, alleges in his suit that Phoenix illegally tried to dilute his one-third ownership interest in American PC in a financial transaction that involved a debt-for-stock conversion.
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BUSINESS
December 19, 1989 | David Olmos / Times staff writer
Does Phoenix Group International have a firm deal to sell six million personal computers to the Soviet Union or not? That question was raised last week after an official of a Phoenix subsidiary disclosed in a signed declaration filed as part of a lawsuit that the company does not have a contract to sell six million PCs to the Soviets. But an official of Irvine-based Phoenix said Monday that the Soviet deal is going ahead as planned. On Sept.
BUSINESS
January 5, 1990 | DAVID OLMOS, TIMES STAFF WRITER
The Phoenix Group International said Thursday that it has received confirmation of an initial order to supply 770 personal computers to the Soviet Union as part of a U.S.-Soviet joint venture announced last September. Phoenix, a technology investment company headed by former Western Digital Chairman Charles Missler, said it will ship the PCs to the Soviet trade organization Electronorgtechnica in February. The Irvine company said it will receive more than $1 million for the order.
BUSINESS
December 23, 1989 | DAVID OLMOS, TIMES STAFF WRITER
A day after Resdel Industries Inc. last month announced a $1-million order from AT&T, the telecommunications giant notified Resdel that it was canceling the order and demanded the immediate return of $238,000 of an advance payment. Resdel officials this week blamed the problem on a misunderstanding and said AT&T has dropped its demand for repayment. An AT&T official said, "We do have some problems" with Resdel, but declined to discuss it in detail.
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