MPC files for bankruptcy
Chapter 11 for one of the old gang
Tuesday, 18 November 2008, 16:15
IT LOOKS LIKE MPC, formerly Micron, formerly a glint in the eye of a potato farmer, formally a dirt patch, is going into bankruptcy.
According to the Idaho Statesman, they have filed for Chapter 11. Having a long history with their PCs, it is kind of sad to see, but the smaller players are definitely having trouble. This bout is blamed on the purchase of the workstation line from Gateway, and problems with Flextronics.
In any case, the stock has been delisted, and things are looking grim if they owe you money. That said, we hope they come out of this OK. ยต
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Its to bad companies like Micron are losing. Thay have always had top quality products and service and looked after their costomers very well.
My company has been under contract with Micron for our PC's for several years. The desktops are average quality, but the laptops have been poor at best. Many of the T2400 series blue-screen nonstop, we've received several that are missing wireless modules and other built-in accessories, and the batteries only last for six months. Their warranty is even worse. When you have a problem, they send you refurb parts and factory seconds. Mnay manufacturers do this and it's become standard practice. But Micron doesn't bother testing the parts before they ship them out. I've gotten replacement laptops that were missing speakers, had dead lcd backlights and I even got one that was missing the little microswitches under the touchpad buttons. Much like US automakers, Micron isn't a victim of the economy; they're a victim of poor quality control and bad decisions at the top level.
This is a hypothetical for discussion only! Someone should start a class action suit against both Gateway and MPC (MPC is protected now, wait till they emerge or two suits). Both companies were negligent in the sale/purchase of the warranty division and failure of due diligence has lead to losses. A class against Gateway for an improper sale of the warranty division was a breach of fiduciary responsibility to those that had in good faith signed up for multi-year warranties. If during discovery Gateway never intended to fulfill those warranties by selling to a company that would most likely fail they should be held in breach.