Feeds

Hackintosh maker files for bankruptcy

Catch a falling Psystar

Reducing security risks from open source software

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. ®

Securing Web Applications Made Simple and Scalable

More from The Register

next story
Child diagnosed as allergic to iPad
Apple's fondleslab is the tablet dermatitis sufferers won't want to take
Microsoft takes on Chromebook with low-cost Windows laptops
Redmond's chief salesman: We're taking 'hard' decisions
For Lenovo US, 8-inch Windows tablets are DEAD – long live 8-inch Windows tablets
Reports it's killing off smaller slabs are greatly exaggerated
Seventh-gen SPARC silicon will accelerate Oracle databases
Uncle Larry's mutually-optimised stack to become clearer in August
EU dons gloves, pokes Google's deals with Android mobe makers
El Reg cops a squint at investigatory letters
Big Blue Apple: IBM to sell iPads, iPhones to enterprises
iOS/2 gear loaded with apps for big biz ... uh oh BlackBerry
prev story

Whitepapers

Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.