Feeds

Hackintosh maker files for bankruptcy

Catch a falling Psystar

Intelligent flash storage arrays

Macintosh clone vendor Psystar has filed for bankruptcy protection in Florida, effectively stalling its legal battle with Apple while the company tries to resuscitate its coffers.

The clonemaker petitioned for Chapter 11 protection on Thursday in US Bankruptcy Court for the Southern District of Florida.

Court documents indicate Psystar owes at least $259,356 in debt to a number of unsecured, non-priority individuals and companies.

The Doral, Florida firm blames the weakened economy for its financial woes, claiming the financial climate has caused its creditors to "tighten up their terms" and become "more demanding for immediate payment."

Psystar also claims the economy has hobbled the inventories of lower-cost hardware vendors and forced it to pay higher prices for PC kit to fulfill orders in a timely manner.

Furthermore, the company asserts that if it's granted protection from creditors under Chapter 11, Psystar possesses unnamed "valuable intellectual property" that will enable it to emerge from bankruptcy with a "strong and effective plan to make an increasingly higher profit."

There appears to be no mention of Psystar's headlining legal fight with Apple contributing to its financial problems. But under US bankruptcy protection laws, all cases against the company would be put on hold until restructuring is sorted out.

Folks closely following Apple's case against Psystar are now drooling over the prospect of Psystar's funders being publicly exposed in upcoming bankruptcy court proceedings.

Apple's legal briefs against Psystar have asserted the clonemaker may be in secret cahoots with "John Doe" third-party supporters. The claim could be referring to something as simple as third-party coders working to break Apple's copy protection — but many prefer to go the conspiracy route with their conjecture.

Because Psystar seemingly appeared out of nowhere in early 2008, some have hypothesized the company is being bankrolled by Apple's rivals (namely, Microsoft) to undermine its intellectual property rights.

The Florida court will hold Psystar's first bankruptcy hearing on June 5. Keep an ear out for the telltale thunder of Redmond's black helicopters swooping into the Sunshine state. ®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Don't wait for that big iPad, order a NEXUS 9 instead, industry little bird says
Google said to debut next big slab, Android L ahead of Apple event
Xperia Z3: Crikey, Sony – ANOTHER flagship phondleslab?
The Fourth Amendment... and it IS better
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Netscape Navigator - the browser that started it all - turns 20
It was 20 years ago today, Marc Andreeesen taught the band to play
A drone of one's own: Reg buyers' guide for UAV fanciers
Hardware: Check. Software: Huh? Licence: Licence...?
The Apple launch AS IT HAPPENED: Totally SERIOUS coverage, not for haters
Fandroids, Windows Phone fringe-oids – you wouldn't understand
Apple SILENCES Bose, YANKS headphones from stores
The, er, Beats go on after noise-cancelling spat
Here's your chance to buy an ancient, working APPLE ONE
Warning: Likely to cost a lot even for a Mac
prev story

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.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
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?
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.