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Olivetti Computers Worldwide shuts down

Six months after MBO, it's game over

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Olivetti Computers Worldwide (OCW) has ceased trading, sources have told The Register. The company, with an office in High Wycombe, was the sales and marketing operation for Olivetti EuroComputers, the PC manufacturer. OCW was a separate company based in The Netherlands, which also had offices in France. Price Waterhouse Coopers is handling the company's affairs. Sources said that the whole of OCW had been shut down. Ian Oakley Smith, a Price Waterhouse Coopers director, said: "We’ve been instructed to assist in putting the company into liquidation." But Oakley Smith was unable to clarify if this included the entire European operation, or simply the UK office. He said they would know more next week when the final details came through. OCW has around 15 staff in the UK. ® See also: Olivetti MBO is confirmed Olivetti in crisis talks

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