Gores Technology Group Completes Acquisition of MicronPC from Micron Electronics

Business Wire, June 1, 2001

Business Editors

LOS ANGELES & NAMPA, Idaho--(BUSINESS WIRE)--June 1, 2001

Gores Technology Group (GTG) today announced that it had completed the acquisition of MicronPC from Micron Electronics, Inc. (Nasdaq:MUEI). GTG is a leading privately held international acquisition and management company. MicronPC, a world-class manufacturer of computer products and services, will remain headquartered in Nampa, Idaho.

James Bailey, Group President of GTG, said Micron PC management will make a number of strategic changes to the organization now that the acquisition is complete. "The goal," he stated, "is to achieve lasting viability and profitability. MicronPC will take advantage of being a smaller market-segment focused company. We intend to eliminate redundancies and inefficiencies that have burdened the company in the past."

Mr. Bailey said that Mike Adkins, Division President, MicronPC Direct, will lead the new company as president and CEO of MicronPC, LLC. According to Mr. Adkins, "It is MicronPC's goal to operate a strong, profitable business that provides superb computing products, with outstanding service and support to select segments of the industry -- segments where we have recent and proven points of success. The new MicronPC will continue to be a significant player in the PC industry among the direct-model players."

"While we recognize that there are significant challenges yet ahead of us, we are very excited about what we believe is the potential of this business under Mike Adkins' leadership," Mr. Bailey said.

Mr. Adkins added, "I am extremely pleased with the opportunity that GTG has provided to MicronPC. Gores Technology has an impressive record of success in working with management to maximize the potential of their portfolio businesses. The job they have done with The Learning Company is the stuff that textbooks are made of. I have little doubt that, under GTG's ownership, MicronPC will once again be a strong, profitable business and a competitive player in the PC industry. I know I speak for everyone at MicronPC when I say we are grateful for this opportunity to work with them and show the computing world what we can do."

About MicronPC

MicronPC, LLC provides award-winning computer products and services for small and medium business, government, education and consumer markets. In addition to its direct business-to-business sales channel, MicronPC products are sold through leading resellers nationwide. MicronPC is held by Gores Technology Group, an international acquisition and management company, through its affiliate, GTG PC Holdings, LLC. MicronPC is headquartered in Nampa, Idaho. More information about the company can be found at www.micronpc.com.

About Gores Technology Group

With headquarters in Los Angeles, Gores Technology Group (GTG) is a privately held international acquisition and management firm that pursues an aggressive strategy of acquiring promising high-technology organizations and managing them for growth and profitability. GTG has made a name for itself by acquiring and successfully managing companies -- including many divisions acquired from large publicly traded companies -- through its commitment to customers, employees and continued development of intellectual property. GTG has acquired and managed approximately 35 interrelated but autonomous technology-oriented companies with locations throughout the world. Those companies provide a broad range of technology-based products and services to a substantial customer base representing millions of active users worldwide. Visit the company's Web site at www.gores.com