Thursday, July 31, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Kaleidescape Joins the One-Blue Licensing Program
AMD Opteron 64-Bit ARM-Based Developer Kits Now Available
Samsung Galaxy Note 4 Coming On September 3
Google To Show Ratings to Search-Results Ads
Samsung And Apple See Their Smartphone Market Shares Plunging
Twitter Says Its User base Increased
Microsoft Details Windows Phone 8.1 Update, Brings Cortana To New Markets
Facebook to Shut Down Gifts Service
Active Discussions
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
IBM supercharges Power servers with graphics chips
Werner Vogels: four cloud computing trends for 2014
Video editing software.
 Home > News > Optical Storage > The Boa...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, June 17, 2009
The Board of AudioDev AB Files for Bankruptcy


Test equipment company AudioDev announced on Thusday that its board had filed for bankruptcy.

Hit by the global recession and the low investments for BD testing equipment due to the slow growth of the Blu-ray format, the company's board decided to file for bankruptcy of AudioDev AB.

"As a consequence of AudioDev?s liquidity situation and the very low demand in the market, the board has explored the possibilities of issuing new shares. The major customers of AudioDev AB have as a consequence of the global recession chosen to minimize their investments in 2009. It is likely that the investments will be limited next year as well. The largest share holder of AudioDev AB, Briban Invest, holding 58% of the shares, has declined to participate in an issue of new shares. The Board has therefore decided to file for bankruptcy of AudioDev AB," reads the company's announcement.

The bankruptcy does not include the subsidiaries in Germany, the US and the affiliated company in Hong-Kong.


Previous
Next
Disney and ASUS Launch Netbook Computer for Kids        All News        Noctua Presents Quiet CPU Coolers for Xeon 5500
Toshiba Hints At Launching Blu-Ray Recorders     Optical Storage News      Nero Summer Promotion: Nero 9 Plus Unlimited MP3 and Video Downloads

Get RSS feed Easy Print E-Mail this Message

Related News
New AudioDev CEO To Drive Company's Future
AudioDev to Release Test Tools For The Wireless Power Standard Qi
AudioDev Takes Over Service Of the TOPTICA Reference Drives
AudioDev and DaTARIUS Enter Strategic Cooperation
2x testing from AudioDev With CATS B210 BD Pro 2x
AudioDev Releases ROM Mark Testing For CATS BD-analyzers
AudioDev Is Back in Business
AudiodeV Powers Stamper Testing at OM&T
AudioDev Approved as Official Testing Center for Blu-ray Discs
AudioDev and LiteON become official Blu-Ray Testers
AudioDev Introduces Film Applicator For BD Stampers
AudioDev and dr. schwab to Improve Blu-ray Testing

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .