Feeds

Aureal seeks Chapter 11 shield

So farewell, then...

  • alert
  • submit to reddit

Top three mobile application threats

Aureal has declared itself bankrupt, just a week after firing its entire management team and reporting a very poor set of results indeed. The company yesterday sought Chapter 11 protection from creditors while it desperately tries to sort out its finances, though with the board now desperately trying to recruit a CEO, a CFO, a COO and a CTO, this isn't likely to happen in the immediate future. Unless Aureal's board can get the company back on an even keel, there will be little choice left to it beyond liquidation and the sale of its small patent portfolio. Clearly there's little interest in acquiring Aureal as a going concern, since the company is believed to have been up for sale for the last few months at least and found no buyer. Aureal's Q4 figures saw its losses expand to $9.5 million and sales shrink to $8.5 million, down from $10.8 million in the same period last year and $11.2 million in the previous quarter. The year-to-date loss for 1999 was $26.9 million, compared to a loss of $18.5 million for 1998. ® Related Stories Aureal close to collapse - execs out on their ears Intel to take over Aureal? Silence falls

3 Big data security analytics techniques

More from The Register

next story
Sorry London, Europe's top tech city is Munich
New 'Atlas of ICT Activity' finds innovation isn't happening at Silicon Roundabout
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
prev story

Whitepapers

Designing a defence for mobile apps
In this whitepaper learn the various considerations for defending mobile applications; from the mobile application architecture itself to the myriad testing technologies needed to properly assess mobile applications risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.