The Register brengt het trieste nieuws dat Aureal, fabrikant van de welbekende Vortex 3D audio chips, zichzelf failliet heeft verklaard. Twee week geleden werd al het complete management team naar huis gestuurd:
Unless Aureal's board can get the company back on an even keel, there will be little choice left to it beyond liquidation and the sale of its small patent portfolio. Clearly there's little interest in acquiring Aureal as a going concern, since the company is believed to have been up for sale for the last few months at least and found no buyer.
Aureal's Q4 figures saw its losses expand to $9.5 million and sales shrink to $8.5 million, down from $10.8 million in the same period last year and $11.2 million in the previous quarter. The year-to-date loss for 1999 was $26.9 million, compared to a loss of $18.5 million for 1998.