Elsa Bankrupt

[Bozo Galora]

link

 

[spanky]

translation please

 

[boyRacer]

Gee that sucks... i always thought they were one of the leading board makers for Nvidia chipsets.

Translated...
Elsa is insolvent


07.02.2002 16:41:10

The German Elsa AG is insolvent. This indicated the enterprise in a Ad-hoc-message. Elsa quit the lines of credit to filters of eight banks, are for a repayment no means at the disposal. The executive committee checks at present whether Elsa must place an insolvency request.


From the Ad-hoc-message it continues to follow that Elsa is with the seven banks with 28 million euro in the chalk. A further credit institute does not want to extend a limited rahmenkredit of 10 million euro over 30 March 2002 outside, the other banks already reclaims its cash to 15 February 2002. If this payment should take place, the demand for 10-million becomes likewise on 15 February 2002 due.

Thus Elsa are missing to now acutely at least 38 million euro. To the comparison: In its last business quarter Elsa could gain a conversion of 57.1 million euro, with 4.9 million euro loss. Elsa is thus with a third of the quarter conversion in the chalk.

Elsa indicates that negotiations with an investor, in which also the banks were involved failed. " the stock of the enterprise is thereby not secured " is called it in the Ad-hoc-message. The enterprise remain now three weeks time, in order to place an insolvency request.

" we are of the decision of the banks surprised and sadly " said Elsa speakers Heiner Dahmen in the discussion with tecCHANNEL. Whether by the dramatic financial situation also the only on Wednesday announced distribution of the GeForce4-Karten von Elsa is affected, could not judge Dahmen yet. Dahmen did not want to commentate also possible effects on Elsas CeBIT appearance.

The inability to pay of the largest German manufacturer of diagram and network products does not come under any circumstances surprisingly. After the ever more badly becoming quarter results Elsa had to disclaim 2001 rumors again and again since autumn around an inability to pay. The announced economy measures came for it however probably too late. In the industry already one whispered, Elsa had to pay its Rechungen for some months from week to week.

The past development of the now threatening failure can be reread in tecHistory on the right. Still one year ago Elsa was after long period of reduced circumstances profitabel . (never)

 

[RudeBoie]

I seem to be picking the wrong companies to buy from.

First, Hercules, now Elsa : (

 

[Lars]

Damn. I really liked that company.

 

[csH4x0r]

hehe, yeah i though the 4year warrenty on my gf3 was too good to be true =)

 

[Killrose]

They won't be the last to go bankrupt. There are too many players making basically the same products.
Elsa even tried to offer the 3D Glasses to set itself apart from the crowd, but the crowd got bigger.

Mark my words, more are going to either drop-out or go under. I say at least two more. Who's next?

 

[bpt8056]

It's too bad. They were gonna market the Geforce4 cards with the best 2D quality. I read a NVnews that the text was razor sharp at 1900x1200.

It is true that a couple more players will soon be bankrupt as the industry is going through a shakeout stage. I think that Visiontek and ASUS are most likely to be around for a long time.

 

[iwearnosox]

Bankrupt isn't necessarily a death sentence, it's just protection from creditors. Many companies still operate while bankrupt and some rebound from it. It's not a positive thing, sure, but I'd still buy an elsa card if it had the specs I was looking for. All of my video cards have either worked or not upon arrival. I've never seen one die while I used it..

 

[Bozo Galora]

I read somewhere Matrox is next - no more retail cards. At the veryt least no more advanced versions,
what models you see today is it. Cant confirm this tho.

 

[PowerYoga]

sorry the rest of the articles didn't pop up until after 5 minutes.... slow connection.

 

[Brian48]

So what. Visiontek has been producing the nVidia based boards for Elsa for the last two years (ever since the first Gladiac). One of the Elsa GF2's my friend has says Visiontek right underneath the Elsa label on the PCB. Recently, they started to split the vendors between MSI (I think) and Visiontek. Bottomline, you're not missing anything folks.

 

[FrozenAthlon]

<<So what. Visiontek has been producing the nVidia based boards for Elsa for the last two years (ever since the first Gladiac). One of the Elsa GF2's my friend has says Visiontek right underneath the Elsa label on the PCB. Recently, they started to split the vendors between MSI (I think) and Visiontek. Bottomline, you're not missing anything folks.>>

Boom! That hits the nail right on the head! I am also very disappointed that ELSA is going under BUT we as consumers can head over to Visiontek and buy the same boards that were used by ELSA, we all know that the GPU comes from the same place its all a matter of preference when it comes down to actual manufactur of the card itself. Some like to attract an audience by using higher quality RAM (gainward) others like software bundles and added features to stand out from the crowd (ASUS)... I personally own a ELSA Gladiac 920 GF3 and I'm not concerned about drivers because of Nvidia Detonator's. But I wonder what will happen with the warrenties and also who might be the next company to fall... Personally in my opinion though, there are two many different companies out there to begin with.. But all I know is this, my next card will be a Visiontek ti4600!

Frozen

 

[Rand]

Damn!
There goes one of the few vendord that manages respectable 2D in their nVidia board. Now we are down to Gainward and VisionTek, and sometimes LeadTek.

The biggest thing IMHO though... QUADRO!
Elsa was the sole retailers of nVidia's professional level graphics cards.
What will happen to the support for the Synergy/Quadro line of cards?
Who if any will pick up where Elsa left off in marketing nVidia's professional level graphics cards.
Another problem is nVidia loses Elsa's years of experience and reputation in the CAD community. The CAD community is typically very slow to trust new-comers, so whomever picks up where Elsa left off is in for some tough times.
Also, Elsa never relied upon nVidia's reference drivers for the Quadro series, and Elsa's own drivers for the Quadro are significantly better then nVidia's. I'd prefer not to have to trust to nVidia's lack of experience in the professional field.

Definitely VERY bad news.

 

[geek167]

No, you lie you are wrong. Some Taiwaneese company is going to bail them out. I forgot the name.

 

[AA0]

how can you lie and be wrong at the same time?

They are hoping for a company to bail them out, but its not looking good. Who would help a company in a market thats ultra crowded?

 

[Mem]

<< Damn!
There goes one of the few vendord that manages respectable 2D in their nVidia board. Now we are down to Gainward and VisionTek, and sometimes LeadTek. >>



Rand don`t count them out just yet they can still survive I hope .

 

[NOX]

Their site seems to have been taken down. No link is working.

 

[colonel]

I m sad, Elsa has the best card for overclocking , my Gforce 3 is awsome, I will get one of the Gforce Ti I saw last week from Elsa, sad because the Gforce 3 packages were coming with the best looking game Giants. I can't believe nvidia let this company go down:disgust:

 

[Leon]

Inquirer claims that Nvidia themselves will try to help them out.