Feeds

Hackintosh maker files for bankruptcy

Catch a falling Psystar

High performance access to file storage

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. ®

High performance access to file storage

More from The Register

next story
Report: Apple seeking to raise iPhone 6 price by a HUNDRED BUCKS
'Well, that 5c experiment didn't go so well – let's try the other direction'
Video games make you NASTY AND VIOLENT
Especially if you are bad at them and keep losing
Microsoft lobs pre-release Windows Phone 8.1 at devs who dare
App makers can load it before anyone else, but if they do they're stuck with it
Nvidia gamers hit trifecta with driver, optimizer, and mobile upgrades
Li'l Shield moves up to Android 4.4.2 KitKat, GameStream comes to notebooks
Gimme a high S5: Samsung Galaxy S5 puts substance over style
Biometrics and kid-friendly mode in back-to-basics blockbuster
AMD unveils Godzilla's graphics card – 'the world's fastest, period'
The Radeon R9 295X2: Water-cooled, 5,632 stream processors, 11.5TFLOPS
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Sony battery recall as VAIO goes out with a bang, not a whimper
The perils of having Panasonic as a partner
NORKS' own smartmobe pegged as Chinese landfill Android
Fake kit in the hermit kingdom? That's just Kim Jong-un-believable!
prev story

Whitepapers

Mainstay ROI - Does application security pay?
In this whitepaper learn how you and your enterprise might benefit from better software security.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.