Feeds

Maxdata goes titsup

Slumping revenues

The Power of One Brief: Top reasons to choose HP BladeSystem

Maxdata has gone bust. The German computer manufacturer filed for insolvency proceedings at the Local Court in Essen today.

The management board has "decided on this step because pending illiquidity puts continued business operations at risk", the company said in a statement.

In other words, it has run out of cash.

"The high pressure of the competition and the immense fall in prices in the IT industry have affected Maxdata for some years. The company has suffered a heavy decline in turnover and results. In spite of a restructuring program launched in 2006 the turnaround could not be achieved in 2007 or in the first half of 2008."

The company, which makes servers, computers, notebooks and displays, has about 1,000 employees.

Maxdata was founded by Holger Lampatz, and initially sold monitors and graphics cards to the trade. The monitor brand Belinea was introduced in 1991.

In 1997, the company started a sales offices in the UK and in other countries, but in 2000 the company was already forced to shut down its OEM business. Turnover fell to €952.2m.

In 2005, Maxdata achieved its biggest revenues with servers, desktops and notebooks as well as Belinea TFT displays, but success was short-lived.

The insolvency proceedings will also affect subsidiaries in Germany and abroad, with the exception of the sales companies in Switzerland (Baar) and the Netherlands (Maxdata Benelux, Etten-Leur). ®

Application security programs and practises

More from The Register

next story
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Cheer up, Nokia fans. It can start making mobes again in 18 months
The real winner of the Nokia sale is *drumroll* ... Nokia
Bose says today is F*** With Dre Day: Beats sued in patent battle
Music gear giant seeks some of that sweet, sweet Apple pie
Apple orders huge MOUNTAIN of 80 MILLION 'Air' iPhone 6s
Bigger, harder trouser bulges foretold for fanbois
Microsoft confirms secret Surface will never see the light of day
Microsoft's form 8-K records decision 'not to ship a new form factor'
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
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.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Seven Steps to Software Security
Seven practical steps you can begin to take today to secure your applications and prevent the damages a successful cyber-attack can cause.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.