Maxdata runs aground, files for insolvency

Just a few months ago, we were all checking out Maxdata's Belinea s.book 1 Mini-Note and expecting huge, just huge things from the company. Fast forward to today, and you'll find those hopes and dreams essentially smashed. According a post on the outfit's website, it has "filed for insolvency proceedings at the Local Court in Essen due to pending illiquidity." Maxdata blames the "high pressure of competition and the immense fall in prices in the IT industry" as the primary reasons for its downfall, and it also makes note that a restructuring effort that launched in 2006 was ineffective (you think?). As it stands, management is now attempting to continue business "with the support of the insolvency administrator, securing as many jobs as possible" and retaining the Maxdata / Belinea brands. Good luck out there, it's a long climb back to the top base.

[Thanks, Jari]

[Lowest Ranked @ Jun 25th 2008 11:56AM]

I sure hope that little phone pops out, if thats what it is. Otherwise you'd look like a complete tool holding that up to your head.

[Aguiluz @ Jun 25th 2008 1:40PM]

I'd look like a tool?

[Evan @ Jun 25th 2008 11:57AM]

+1!!

Interesting idea. It's like going back in time. HUGE brick cell phones.

[Homeboy @ Jun 25th 2008 12:10PM]

I see that they have taken a time machine back to the mid 90s.

[Dirk Lucas @ Jun 26th 2008 3:35AM]

What about reading the actual article and understanding that the picture hasn't got much to do with its content?

[Jeff @ Jun 25th 2008 12:16PM]

This is what happens when a microwave and a PC make babies.

[guerilla779 @ Jun 25th 2008 12:26PM]

5 years from now.............Sony runs aground, files for insolvency .

[DrXym @ Jun 25th 2008 1:31PM]

The Cloudbook reference design is just ugly and has been critically panned for having a miniscule trackpad, stupid mouse button positioning (on the other side of the device from the pad), an off center screen and a really bizarre screen module which holds a popout USB phone, or a clock or a variety of other useless widgets.

It's no wonder Maxdata are having trouble when the Eee PC is just a better & cheaper device and more models from MSI, Dell, HP are appearing soon too.

[Maverick Saturn @ Jun 25th 2008 2:01PM]

Looks like a cashier till :S

[coffee @ Jun 25th 2008 2:46PM]

Illiquidity.... I like that. It's not that I have no cash, I'm just illiquid. very elegant.