RASTABT
1
Well I never!
Sunday, August 18, 2002
While VisionTek experienced some problems earlier this year with financial debt, it was thought that all was going well for this U.S. based company from Northern Illinois. We have come to find out this weekend that all is far from well at one of our fave VidCard builders. It seems as though VisionTek is in utter financial shambles and a trustee has been appointed to come in and liquidate all the assets of the company.
Bankruptcy no. Foreclosure yes. It is understood that the trustee is there in order to recoup as much money from the current VisionTek assets in order to pay back dept to the bank(s) with interest in this matter. So what is seems will happen is that VisionTek will simply cease to exist.
VisionTek was currently in motion to move it’s manufacturing to either China or Taiwan in order to cut costs associated with its products. VisionTek has also been currently diversifying their product lines to include non-VidCard related items. All seemed to be looking up for VisionTek. While this information does come from a very credible source even the information they had was a bit slim, but it was not ruled out that improper business practices was something that put the last nail in the coffin.
With VisionTek simply vanishing, this leaves a huge gap for NVIDIA to fill. VisionTek was the number one retailer of NVIDIA based VidCards in North America. Hercules has moved to ATi products, Creative is gone for NVIDIA as well with the purchase of 3dLabs, and Elsa's (which is now bankrupt) top-end VidCards were built by VisionTek anyway.
PNY is still here in the USA, but I simply think they lack the production capabilities or market savvy to deliver for NVIDIA even though they already have penetration into the larger retail channels. The smaller guys like Gainward, eVGA, MSI, Leadtek, and even possibly such companies as Prolink, ABIT, or Inno3D have a shot to help get cards to market for NVIDIA. It will be very interesting to see how this plays out, but it would seem that PNY would be best positioned to immediately take the NVIDIA North American Sales Crown.
One thing is for sure; this could not come at a worse time for NVIDIA. They are desperately trying to get their NV28 and NV30 chipsets to market before the Christmas buying season ends and they have just lost their biggest card builder that pumps their chipsets into the retail channels in North America. We have heard that NVIDIA has been doing everything it can to keep VisionTek afloat and that would make perfect sense.
ATi will start shipping its Radeon 9700 Pro card on Monday and we have some reports that they started shipping late last week. ATi already has tremendous shelf space with the major US retailers and this is going to do nothing but give them more room to work with. ATi was already poised to take a significant amount of market share from NVIDIA and this VisionTek development is certainly something that will weigh in on that even more.
Thanks to all the guys at VisionTek that have supported us over the last year and thanks to VisionTek for bringing a great product to market. Now that VisionTek is gone, to whom is NVIDIA going to turn.
source : hardocp.com
So wot about their burner:> VisionTek Xtasy 48/12/48 (rebadged Lite-on) support from Lite-on now? Don't tink so!
Sunday, August 18, 2002While VisionTek experienced some problems earlier this year with financial debt, it was thought that all was going well for this U.S. based company from Northern Illinois. We have come to find out this weekend that all is far from well at one of our fave VidCard builders. It seems as though VisionTek is in utter financial shambles and a trustee has been appointed to come in and liquidate all the assets of the company.
Bankruptcy no. Foreclosure yes. It is understood that the trustee is there in order to recoup as much money from the current VisionTek assets in order to pay back dept to the bank(s) with interest in this matter. So what is seems will happen is that VisionTek will simply cease to exist.
VisionTek was currently in motion to move it’s manufacturing to either China or Taiwan in order to cut costs associated with its products. VisionTek has also been currently diversifying their product lines to include non-VidCard related items. All seemed to be looking up for VisionTek. While this information does come from a very credible source even the information they had was a bit slim, but it was not ruled out that improper business practices was something that put the last nail in the coffin.
With VisionTek simply vanishing, this leaves a huge gap for NVIDIA to fill. VisionTek was the number one retailer of NVIDIA based VidCards in North America. Hercules has moved to ATi products, Creative is gone for NVIDIA as well with the purchase of 3dLabs, and Elsa's (which is now bankrupt) top-end VidCards were built by VisionTek anyway.
PNY is still here in the USA, but I simply think they lack the production capabilities or market savvy to deliver for NVIDIA even though they already have penetration into the larger retail channels. The smaller guys like Gainward, eVGA, MSI, Leadtek, and even possibly such companies as Prolink, ABIT, or Inno3D have a shot to help get cards to market for NVIDIA. It will be very interesting to see how this plays out, but it would seem that PNY would be best positioned to immediately take the NVIDIA North American Sales Crown.
One thing is for sure; this could not come at a worse time for NVIDIA. They are desperately trying to get their NV28 and NV30 chipsets to market before the Christmas buying season ends and they have just lost their biggest card builder that pumps their chipsets into the retail channels in North America. We have heard that NVIDIA has been doing everything it can to keep VisionTek afloat and that would make perfect sense.
ATi will start shipping its Radeon 9700 Pro card on Monday and we have some reports that they started shipping late last week. ATi already has tremendous shelf space with the major US retailers and this is going to do nothing but give them more room to work with. ATi was already poised to take a significant amount of market share from NVIDIA and this VisionTek development is certainly something that will weigh in on that even more.
Thanks to all the guys at VisionTek that have supported us over the last year and thanks to VisionTek for bringing a great product to market. Now that VisionTek is gone, to whom is NVIDIA going to turn.
source : hardocp.com
So wot about their burner:> VisionTek Xtasy 48/12/48 (rebadged Lite-on) support from Lite-on now? Don't tink so!
