Beny Alagem

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Beny Alagem (born 1953 in Israel) is an Israeli American entrepreneur, developer, and the founder of Packard Bell Electronics, a leading American computer manufacturer during the late 1980s and early 1990s.[1][2][3]

Packard Bell was the name of a manufacturer of televisions and radios in the United States for several decades in the 20th century, but the name largely disappeared from the marketplace after 1968. Hoping to cash in on old name recognition, Alagem bought the rights and launched a new company in 1986, selling inexpensive computers at retail much like Commodore president Jack Tramiel had earlier in the decade. In addition, his company became the first to offer toll-free technical support. In the mid-1990s, Packard Bell lost market share as Compaq started to undercut its prices. Alagem merged his company with NEC in 1996, staying on as president of the division. Alagem suffered a heart attack in September 1997. A year later, amid continuing price pressure and mounting losses, Alagem left the company. Official statements cited health concerns but Alagem later cited disagreements with investors and other executives.

In January 1999, Alagem bought the rights to the AST Research name from Samsung. AST had been a top five computer vendor in the early 1990s. However Alagem, who planned to sell PCs direct and at retail, was unable to duplicate his earlier success in 1999's tougher market and by the summer of 2001 AST disappeared from the market.

Plate. Monument "The Tel Aviv foundation". Tel Aviv. Israel.

In December 2003, Alagem purchased the Beverly Hilton Hotel from entertainer Merv Griffin. The deal was estimated at $130 million. Alagem continues to invest in real estate and is involved in various telecommunications ventures. In April 2006, Alagem purchased the Hilton Los Cabos Beach & Golf Resort for an estimated $91 million. In a January 18, 2007 press release, Alagem and Hilton Hotels Corporation announced the development of the first new west coast Waldorf-Astoria hotel as part of a $500 million long-term plan to revitalize the Beverly Hilton on the nine-acre hotel property at the corner of Wilshire and Santa Monica Boulevards in Beverly Hills.

Notes[edit]

  1. ^ "A-Rod joins Sting, Denzel Washington, other rich and famous at 15 Central Park West" Owen Moritz, New York Daily News, 28 February 2010. Archived 1 March 2010 at WebCite
  2. ^ Packard Bell's Alagem Buys AST Research; Acquisition: A new company will be created from the Irvine-based Samsung unit to develop PCs, monitors, and Internet servers. Los Angeles Times, January 11, 1999; Business, PART- C, pp. 2; Financial Desk.
  3. ^ Former PC Pioneer Now In Hard Drive as Builder Daniel Miller, Los Angeles Business Journal, 27 October 2008.