| [News] Phase5 files for bankruptcy | ANN.lu |
| Posted on 09-Feb-2000 14:46 GMT by Christian Kemp | 41 comments
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amiga-news.de reports [page in German language] that Phase5 filed for bankruptcy on 26-01-2000. They are talking with interested parties about the purchase and continued support of their amiga technology, trying to enable further development of their products, especially the new G4 cards. People who ordered products or prepaid for them will be contacted by them.
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| Phase5 files for bankruptcy : Comment 29 of 41 | ANN.lu |
| Posted by Mario Saitti on 08-Feb-2000 23:00 GMT | In reply to Comment 15 (John Millington):
> If Motorola had been able to ship their parts on time and in sufficient
> quantities, this might not have happened. Phase 5 would have been able
> to manufacture and ship their G4 boards, bill the remaining balance on
> the pre-order contracts, and have some REVENUE. Instead, they had to just
> sit there, unable to make any money because they had no product to ship.
> Expenses incur with time, and once their original deadline passed, the
> pre-order contract expired and I'll bet quite a number of people decided
> to request their pre-order deposit back. Not a good situation.
Any company in such a position has a responsibility to cover its own back or look for an alternative. I haven't had the chance to check this but I suspect one could take out insurance for such a possibility. This may however be prohibitively expensive for a samll outfit like Phase 5.
There is also the option of securing a guarantee from Motorola for such an event. If Motorola were unwilling to make such a guarantee, then Phase 5 had a responsibility to cut their losses. That might well be what happened.
Seems the PPC is just too much trouble...
Mario. |
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