This is cache of http://feeds.engadget.com/~r/weblogsinc/engadget/~3/319801433/. Cache is the snapshot of article that we took when we index feed.
To see original page click here.
We are not affiliated with the authors of this article and not responsible for its content.
Maxdata runs aground, files for insolvency
2008-06-25 11:51:00 by Darren Murph in Engadget
 

Filed under:


Just a few months ago, we were all checking out Maxdata's Belinea s.book 1 Mini-Note and expecting huge, just huge things from the company. Fast forward to today, and you'll find those hopes and dreams essentially smashed. According a post on the outfit's website, it has "filed for insolvency proceedings at the Local Court in Essen due to pending illiquidity." Maxdata blames the "high pressure of competition and the immense fall in prices in the IT industry" as the primary reasons for its downfall, and it also makes note that a restructuring effort that launched in 2006 was ineffective (you think?). As it stands, management is now attempting to continue business "with the support of the insolvency administrator, securing as many jobs as possible" and retaining the Maxdata / Belinea brands. Good luck out there, it's a long climb back to the top base.

[Thanks, Jari]
Read | Permalink | Email this | Comments

 
Tags: maxdata, maxdata blames, belinea brands, belinea, top base, continue business, insolvency administrator, months ago, fast forward
 
 
 
 
 


SPONSORED LINKS