Intel owed $13m as Fountain Tech files Chapter 11

MS and AMD also creditors

US components manufacturer Fountain Technologies has filed for Chapter 11 and named Intel as one of its biggest creditors.

Fountain owes the chip giant more than $13.2 million, according to records at the Southern District of New York Bankruptcy Court. Other creditors include Microsoft, owed $4 million; AMD, $3.7 million; Maxtor, $2.6 million; and Nvidia, $2.1 million.

The New Jersey company filed for Chapter 11 on 10 August, with debts of between $30 million and $50 million. It provides development work for Intel, and around 40 per cent of the components used by PC maker Quantex in the UK.

Intel was today unwilling to discuss the $13 million debt. "We don't comment on the relationship we have with suppliers or customers," said one Intel representative. ®

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