Feeds

Madge Networks goes titsup, flips up as Madge Ltd

Token Ring's last stand

  • alert
  • submit to reddit

Madge Networks N.V., almost the last man standing in the Token Ring market, has gone bust in the Netherlands.

An administrator appointed by the Dutch courts in April 17 was yesterday granted a bankruptcy order in Holland, in a process similar to that of a Chapter 7 bankruptcy under US law.

Madge's operating business has been reconstituted in UK as Madge Limited, which will, we assume, set it free from the burden of debts that forced Madge Networks N.V. into the hands of administrators.

Long gone are the days when the personal stak in the company held by charismatic founder and former chairman, Robert Madge earned him a place in the Sunday Times Rich List. The inexorable rise of Ethernet means that Token Ring, even though technically superior, became the Betamax of the networking world.

Token Ring still has a sizeable installed base but major investments in the technology are as rare as hen's teeth. This, along with an unsuccessful foray into the streaming media market, lies behind Madge Networks' problems. ®

Related Stories

Madge.web goes titsup.com
Madge bolsters top tier management

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
The next step in data security
With recent increased privacy concerns and computers becoming more powerful, the chance of hackers being able to crack smaller-sized RSA keys increases.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
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.