Feeds

Purple Hayes up in our brain

Company goes belly up everywhere but Europe

  • alert
  • submit to reddit

The Essential Guide to IT Transformation

By a bizarre twist of fate at the height of an Internet boom among domestic PC users, the company whose founder revels in the title 'father of the PC modem' looks set to shut up shop and sell off the family jewellery. The Hayes Corporation - makers of the famous Hayes modem brand - effectively ceased trading in the United States on January 5th. Nevertheless, the UK/European operation is soldiering on in the hope of finding further financial backing. Hayes has formally announced that following the refusal of its principle lender to supply any further funding, it has laid off around 250 staff in the North American and Asia Pacific regions while it seeks to go into liquidation. The company had previously entered its second spell of trading under the US Chapter 11 laws which provide a business with protection from its creditors. By total contrast, Hayes Europe is alive and kicking and continuing to trade profitably. Said Nigel Croisdale, VP for international operations at Hayes: "We are currently in active negotiations with a number of third parties to invest in Hayes Europe." Ron Howard - who effectively ousted Dennis Hayes as chairman and CEO of Hayes Corporation in October last year - confirmed that the UK based Hayes Europe was a 'free-standing company' which was looking for a potential buyer. Hayes has suffered twin problems in recent years. Founder Dennis Hayes ran the company very much as a personal fiefdom and was unwilling to take a more hands-off' approach as the business blossomed. Hayes also became reliant on Rockwell (now Concordiant) for its key components which left it vulnerable to low cost, Far Eastern manufacturers, at a time when arch rival US Robotics (now 3Com) based its main modem lines on Texas' DSPs and its own modem operating software. Meanwhile Ascend - whose key employees are mostly ex-Hayes - stole the ISP market for modem servers from the likes of Hayes and US Robotics. If Hayes does disappear it will be a sad moment for the PC modem industry which Hayes helped to establish as a major market sector. Meanwhile, rumours were circulating that Hayes Europe could resell the Psion Dacom range of products. ®

Boost IT visibility and business value

More from The Register

next story
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
Amazon says Hachette should lower ebook prices, pay authors more
Oh yeah ... and a 30% cut for Amazon to seal the deal
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
Chips are down at Broadcom: Thousands of workers laid off
Cellphone baseband device biz shuttered
Feel free to BONK on the TUBE, says Transport for London
Plus: Almost NOBODY uses pay-by-bonk on buses - Visa
Twitch rich as Google flicks $1bn hitch switch, claims snitch
Gameplay streaming biz and search king refuse to deny fresh gobble rumors
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Backing up Big Data
Solving backup challenges and “protect everything from everywhere,” as we move into the era of big data management and the adoption of BYOD.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.