Zilog's Z8000 had some interesting features but also bugs, compatibility issues and it was not ready from the start (not the MMU). It didn't translate good for the desktop either. Olivetti was selling $5000+ HD-less and unixless Z8000-based machines then; it was the HD, the RAM, the support that was expensive. The Z80000 was only on paper and the company under Exxon was a mess and many people had left in the mid 80s. This was not the case of 70s with CBM buying up and coming MOS, it was a case of entertaining opportunities to enter the enterprise after the party was over. It would take some time to catch up and find clients, the trend in the CPUs had already changed, it was not a sure thing they would manage to license Z8000 to other (i.e. Olivetti) and it could take years before Z80000 was ready. You never know but I guess they would fail miserably.