Feeds

Jens of Sweden 'declared bankrupt'

Resurfaces in Switzerland, apparently

Build a business case: developing custom apps

Swedish MP3-player vendor Jens of Sweden is back, reborn as Switzerland-based JOS, after declaring itself bankrupt in its home country.

According to reports in Computer Sweden magazine and newspaper Svenska Dagbladet, translated by newssite The Local, faults with Jens' MP130 player cost the company dear. So did the collapse of one of the company's US resellers.

The company was also hit by a big bill from Sweden's customs service, which discovered that imported players had only accrued a two per cent duty when, because they incorporate FM radios, they should have attracted a ten per cent duty. Whoops.

The upshot: Jens called it quits in its native land, and set up shop outside the European Union in Switzerland, the reports claim, though the JOS website lists only a Swedish address on its contacts page, when we checked today.

Jens' founder Jens Nylander hit the headlines last week for its refusal to pay a levy imposed on MP3 players in Sweden to compensate the music industry for revenue lost to piracy.

"It doesn't matter how many times I go bankrupt. I'll still continue to sell digital products," Nyland told Computer Sweden. "It's important that our old customers will be able to come back to us. All the staff will be offered jobs in the new company.

"Considering the orders we have and the international demand for our brand, the future is positive," Nylander said. ®

5 things you didn’t know about cloud backup

More from The Register

next story
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Premier League wants to PURGE ALL FOOTIE GIFs from social media
Not paying Murdoch? You're gonna get a right LEGALLING - thanks to automated software
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Ballmer quits Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Online tat bazaar eBay coughs to YET ANOTHER outage
Web-based flea market struck dumb by size and scale of fail
Amazon takes swipe at PayPal, Square with card reader for mobes
Etailer plans to undercut rivals with low transaction fee offer
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
US regulators OK sale of IBM's x86 server biz to Lenovo
Now all that remains is for gov't offices to ban the boxes
prev story

Whitepapers

5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.