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View Full Version : EEK! VisionTek gone under?



Darthtanion
08-19-2002, 08:18 PM
Seems that things are not golden over at the VisionTek ranch. :(
http://hardocp.com/article.html?art=MzM5

Wiggo
08-19-2002, 08:21 PM
That's not good (but ya had my heart poundin' before the edit). :(
<center>:cheers:</center>

Mr.Tweak
08-19-2002, 09:15 PM
It seems like nVidia should be more worried than anyone, it'll all even out though as chips sell to different card makers.

drpeterbright
08-19-2002, 09:39 PM
Certainly is bad news - warranty difficulty - board shortages etc.

Darthtanion
08-20-2002, 09:30 AM
but ya had my heart poundin' before the edit. :(
<center>:cheers:</center>
You normally follow me around pretty quick Wiggo, but I do try to proof my views after I hit the submit button. :)



Certainly is bad news - warranty difficulty - board shortages etc.
Yes, the so-called "Lifetime Warranty" of this brand won't be worth much, but I don't think we'll have too much a shortage of video boards unless nVidia can't keep up with the production. Remember the GeForce3 Ti500 GPU shortages? There were so many video card manufacturers wanting this chipset that the poor folks at nVidia couldn't even keep up with the demand! There will always be enough boards to choose from, but VisionTek made a solid board at a decent price. They will be sorely missed in the market if this story turns out to be true. :(

Mr. C
08-20-2002, 09:34 AM
Yeah, not good news for sure - actually on occasion I have looked at the offerings of the VisionTek line pretty hard. Seemed like solid investments to me from the user end.

A couple new additions to the video market recently, but rather soon to see how they will pan-out.

I guess the real question is; Who's next?

ReSpAwN DeMoN
08-20-2002, 09:48 AM
Is ATI and Nvidia American based companies?

Darthtanion
08-20-2002, 09:55 AM
nVidia is American based and ATi is based in Canada.

Mr.Tweak
08-20-2002, 11:03 AM
There may be hope yet:

VisionTek has responded this afternoon (Monday, August 19, 2002) with the following statment.

Here is our official statement in reaction to HardOCP.com's recent post:

"An Assignee / Trustee has been appointed, and will attempt to maximize the value of the company's assets. His belief is that the assets have a higher value as a "turn-key" operation than in a liquidation. The Trustee is continuing to operate the company to determine if a sale is a viable alternative to a liquidation, and he is currently talking to interested parties. The company is continuing to take orders, ship products, and honor rebates."

John Malley
Director of Marketing & PR
VisionTek

Darthtanion
08-20-2002, 11:47 AM
I certainly wish them the best of luck, but if the finances are in that bad of shape then how long can we expect the business side of their dealings to continue. VisionTek has been a solid company in the past and I hope that they can continue to be so in the future as well.

drpeterbright
08-20-2002, 11:59 AM
The press release didn't sound too encouraging.

Mr. C
08-20-2002, 06:59 PM
The press release didn't sound too encouraging.
Yeah, that was a standard - Press Release Form A - for a company on the skids.
Form B should be following within the next 72 hours:rolleyes:

drpeterbright
08-21-2002, 11:57 AM
Waiting for Form X. We should know we won't get the straight scoop from them.

Mr. C
08-21-2002, 12:20 PM
Oh I think that was the straight scoop.
In plain english that reads; We called in a trouble-shooter who is actively determining how to get the most milk from a dead cow. Meanwhile, we will continue to act as if nothing has happened for as long as possible.

Nick
08-21-2002, 04:28 PM
ATI will deffinatly gain out of this if VisionTek fall :( Hope they get back up... On a side note, has anyone heard whether the buit by ATI R9700 PRO's will only be sold in Nroth America (VisionTeks primary market :D )

drpeterbright
08-22-2002, 04:12 AM
Nick, I hadn't heard that one yet. Where is the link to where they said that?

Beefy
08-22-2002, 07:27 AM
The ONE thing I post on the news and nobody seems to notice.. :(

drpeterbright
08-22-2002, 07:30 AM
Sorry Beefy, I haven't seen it.

Wiggo
08-22-2002, 09:25 AM
Beffy[/size]]
The ONE thing I post on the news and nobody seems to notice.. :(
Ya posted some news? :confused:
<center>:cheers:</center>

drpeterbright
08-22-2002, 09:48 AM
Wiggo, you didn't see it either?

Beefy
08-22-2002, 10:02 AM
I think I'm gonna go hide now.. :(

Mr. C
08-22-2002, 10:07 AM
^he'll be behind the couch if you need him

Beefy
08-22-2002, 10:11 AM
<img src="http://forums.tweaktown.com/attachment.php?s=&postid=15017">

Mr.Tweak
08-22-2002, 10:19 AM
Nevermind Beefy, I saw it... :)

Mr. C
08-22-2002, 10:23 AM
uh-oh the boss spotted you loafing behind the couch

Beefy
08-22-2002, 11:15 AM
No, he spotted my post! :D Woohoo!

drpeterbright
08-22-2002, 11:18 AM
But where is it?

Wiggo
08-22-2002, 11:32 AM
Unfortunately we can't navigate back thru the front page atm to find where I blinked. :D
<center>:cheers:</center>

Mr. C
08-22-2002, 11:34 AM
Good thing Mr. Tweak has such a sharp eye!

drpeterbright
08-22-2002, 11:38 AM
Did he faint when he saw it?

Darthtanion
08-22-2002, 12:37 PM
For those who missed Beefy's news post, the link is the same as above. It has been added to since I first linked it and it also contains a response from VisionTek at the bottom.

However you read it, things just don't look too promising at the moment. Too bad since they seemed to do a booming business; especially with US buyers. :(

<hr>
In a article at HardOCP, they tell us that VisionTek, one of North America's leading nVidia graphics card manufacturers, is foreclosing and will cease to exist.

<blockquote>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. </blockquote>
It's very sad to see a company go like that, especially one of the magnitude of VisionTek. Read more about it <a href="http://www.hardocp.com/article.html?art=MzM5" target="_blank">here</a>

drpeterbright
08-23-2002, 12:33 AM
Can Taiwan fill the gap at this point? What are their expansion capabilities?

BoS
09-03-2002, 08:36 AM
This really bites!!:cry: I just bought a VisionTek Ti4600 about a month ago, right before the press release. *******s!!!!! :knife:

drpeterbright
09-03-2002, 08:44 AM
Hopefully, you won't experience any difficulties with the card.