Feeds

Intel owed $13m as Fountain Tech files Chapter 11

MS and AMD also creditors

  • alert
  • submit to reddit

Intelligent flash storage arrays

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. ®

Related Stories

Intel video camera can go walkabout
Compaq owed $94 million by Inacom
Creditors get tough with LG Semicon

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
WHY did Sunday Mirror stoop to slurping selfies for smut sting?
Tabloid splashes, MP resigns - but there's a BIG copyright issue here
Spies, avert eyes! Tim Berners-Lee demands a UK digital bill of rights
Lobbies tetchy MPs 'to end indiscriminate online surveillance'
How the FLAC do I tell MP3s from lossless audio?
Can you hear the difference? Can anyone?
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
EU to accuse Ireland of giving Apple an overly peachy tax deal – report
Probe expected to say single-digit rate was unlawful
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
prev story

Whitepapers

A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.