Hercules is bankroet. Vaarwel ...
A Greek tragedy it isn't, but Hercules Computer Technology's last chapter will be liquidation of all assets to pay creditors, customers, and back taxes. The graphics board pioneer that once held a herculean grip on the video graphics card market filed for Chapter 7 bankruptcy protection last week, ending a 17-year run for the firm.
[...] As of Tuesday, the company's Web site was operational and accepting orders. But those orders will not be honored, credit card accounts will not be debited, and invoices will be canceled, according to Joe Lau, former Hercules marketing manager. Lau says that "thousands" more orders for Hercules graphics boards received in the weeks leading up to the company's shutdown will likely be voided.
Lau attributed cutthroat competition, price erosion, and reduced product life cycles as contributing to Hercules' demise. Other sources at the Fremont, California, firm pointed to a management change that included abrupt resignations of the company's chief executive officer and vice president of engineering.
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