VisionTek: 'We aint dead yet HardOCP'

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Blackberry Junkie

Senior member
Nov 29, 1999
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Saw that on neowin.net

VisionTek sent nvmax.com the following email regarding Hard|OCP's statement that led to untrue rumours all over the net.

"An Assignee / Trustee as been appointed, and will attempt to maximize the value of the company's assets. His belief is that the assets have a higher value as a "turn-key" operation rather than in a liquidation. The Trustee is continuing to operate the company to determine if a sale is a viable alternative to a liquidation, and he is currently talking to interested parties. The company is continuing to take orders, ship products, and honor rebates."

VisionTek is the largest provider of 3D graphics accelerators and memory in North America. A long time provider of memory and advanced graphics solutions for personal computer OEMs, VisionTek entered the retail market in May, 2001, and by the end of 2001 had earned the #1 retail spot for graphics in the U.S. VisionTek was first to the U.S. retail market with GeForce4, GeForce3 and it's Xtasy Titanium series, all products winning several industry awards. Additional VisionTek products include PC memory, compact flash memory and IEEE 1394 technology.

I guess they are not dead...yet ;)

 
A

Actaeon

Diamond Member
Dec 28, 2000
8,657
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Woohoo.... I read that a few minutes ago.

John Malley, VisionTek's director of marketing, said in a statement Tuesday that although creditors had appointed a trustee, the company remained in business. "An assignee/trustee has been appointed and will attempt to maximize the value of the company's assets," he said. "The trustee is continuing to operate the company to determine if a sale is a viable alternative to a liquidation, and he is currently talking to interested parties. The company is continuing to take orders, ship products and honor rebates."
Click to expand...

So, they are dead... but.. rather than going out of business, selling its assets to other interested companies. I guess the early rumors, were half-true.
 
V

Vegito

Diamond Member
Oct 16, 1999
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hmm. my ti 4600 just got deliver today.. should I keep it or return it ?
 
D

DaveSimmons

Elite Member
Aug 12, 2001
40,730
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Originally posted by: Actaeon
Woohoo.... I read that a few minutes ago.
John Malley, VisionTek's director of marketing, said in a statement Tuesday that although creditors had appointed a trustee, the company remained in business. "An assignee/trustee has been appointed and will attempt to maximize the value of the company's assets," he said. "The trustee is continuing to operate the company to determine if a sale is a viable alternative to a liquidation, and he is currently talking to interested parties. The company is continuing to take orders, ship products and honor rebates."
Click to expand...
So, they are dead... but.. rather than going out of business, selling its assets to other interested companies. I guess the early rumors, were half-true.
Click to expand...
Not quite, "to determine if a sale is a viable alternative to a liquidation" means it might be sold and still might be shut down.

So buying a card now means you're rolling the dice on whether you have any warranty in three months
 
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