Sonicblue goes Chap 11
Poster: Aron Schatz
Posted on March 21, 2003 at 11:48:21 PM
The makers of the Rio MP3 player and ReplayTV goes chap 11. This is protection bankrupcy. It still sucks if you own their products though.
Quote
The bankruptcy notice, filed Friday with the U.S. Bankruptcy Court in San Jose, Calif., is intended to let Sonicblue continue operations long enough to sell its main subsidiaries. The company plans to complete those sales by April and then to open the bidding for its remaining assets.