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Intel owed $13m as Fountain Tech files Chapter 11

MS and AMD also creditors

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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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