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  Monday, Aug 19, 2002 Report News | Archive | Top  
VisionTek Goes Under
- Posted 3:24 PM By Kagato
EMail News to a Friend  Printer Friendly Version    2 Comments | Add 
I first heard rumors floating around about this last night but dismissed it as just rumor. Now, with other sites like [H]ardOCP reporting in on the rumors, it appears that one of the biggest Nvidia graphics card manufacturers (here in the US at least), VisionTek, has indeed sunk. Word:
Friday, after more than a week of abortive management restructurings and a failed deal with an investment company, VisionTek called it's remaining employees together and issued their final checks.

Also, they notified their ex employees, and those who'd come in to collect their severance checks, that no more severance was being issued. And that all deals with them as to severance packages was null and void.

VisionTek is now owned by the bank, which is in the process of liquidating the company.

This has already claimed one of VT's suppliers, when VT failed to make payments, the supplier folded. This may also affect TotalEMS, a manufacturing company that was a supplier for VisionTek, and is owned by the "owners" of VisionTek, as TotalEMS was picked up in bankruptcy proceedings to begin with.

Also, for those waiting on, or sending in mail-in rebates for VisionTek products? Don't bother. The rebate management company stopped honoring the rebate offer when VisionTek stopped paying them.
Rather disheartening, considering VisionTek was always the first to the market with Nvidia's newest badboy of chips. I imagine this will have a rather lasting effect with the folks at Nvidia, considering they've been working to get the new NV30 out for the holiday season, and now one of their largest North American distributors is gone from the picture. This news probably has ATi folks plastered with smiles from ear to ear today.
Source: nV News
 
2 Comments Posted

#1 by WaRMaN on Monday, Aug 19 at 7:42 PM 
3 computers, 3 ATI cards, 3 :D
#2 by Kagato on Monday, Aug 19 at 7:56 PM 3 Computers - 2 Nvidia (GF4 4600, GF2 GTS) - 1 3dfx (5500) I'm just glad that VisionTek made a pretty reference design, I don't have to worry about driver support =P I know ATi has all the numbers now with their new line of cards - shame they made me never want to never buy another of their products (horrid driver support on earlier video adapters). Guess I'll have to wait for Trident to become the next 3D leader..ROFL.

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