Has VIA Sold a Portion of its Company Assets to Intel?

VIA Technologies has announced part of the company will be sold under a new branch entitled, VIA Telecom. The deal is estimated to be worth $100 million and has already been completed with an undisclosed buyer. VIA used to be the world”s largest manufacturer of motherboard chipsets and produces other components including CPUs and Memory. Intel are the most likely source of the investment with enough capital to expand their stronghold in the PC and mobile sector.

According to VIA’s official statement, the takeover should be completed by the fourth quarter of this year barring any last minute disagreements. We reached out to both Intel and VIA but neither commented to deny or confirm the alleged agreement.

Hopefully, more substantial evidence will emerge in the coming weeks but I highly doubt any other major technology firm are interested in VIA. As with any unconfirmed reports, it’s important to remain cautious but I’m fairly confident that Intel are the purchasing party. Does this mean Intel’s dominance is becoming a complete monopoly? Only time will tell, and the lack of real competition is hindering any kind of price wars or significant increases in compute performance.

I do wonder what the future holds for VIA and if they are considering selling off even more assets so Intel can use their financial resources to develop upcoming technologies.

Small Victory for Kim Dotcom as Court Releases More Seized Funds

Kim Dotcom hasn’t had it easy the past years with the US authorities wanting him extradited and their seizure of his financial assets. But now he’s finally caught a little break as Justice Patricia Courtney ruled to free more of his money, allowing Dotcom to pay his past and current legal bills as well as being able to pay for his and his families normal monthly expenses; we’re not talking small money here.

Previously the authorities argued that Kim Dotcom had his trust from which he could pay his expenses, but the truth is that he can not access this money at the moment. The trusts major assets is its shareholding in Mega Ltd that is said to be worth more than $22 million USD, but these can not be sold as that is blocked by the scheduled listing of Mega.

So how much money is he getting? First he gets $3 million for legal expenses where half will go to pay the old bills and the other half for his future battle against extradition. His famous mansion costs around $60 thousand a month, but leaving it and moving to a more reasonable accommodation would result in even higher costs and as such the judge also freed $754,000 per year for these expenses. Dotcom will also get $18,850 per month for staff costs and $15,000 for food, clothing, and the general care of him and his family.

Thank you TorrentFreak for providing us with this information

OCZ Files For Bankruptcy While Toshiba Readies Its Offer For Buying The Company

OCZ has issued a press release announcing their filing for bankruptcy, which was expected since Nasdaq had halted the trading of OCZ stock. They have had financial issues for quite a long time and it was just a matter of time before the inevitable happened. While OCZ did try to change its course by reforming their product portfolio, it seems that the efforts weren’t enough to make the business profitable.

OCZ leaves behind a noticeable amount of assets, most importantly its engineering teams in California, South Korea and Great Britain thanks to the prior acquisitions of PLX and Indilinx. Toshiba has already offered to buy OCZ’s assets but currently there is no certainty on whether the deal will be completed. Toshiba’s offer is, as expected, subject to various conditions such as retention of the employees because it obviously makes no sense to buy the assets unless Toshiba also gets the immaterial capital that is integrated into the employees. We’ll have to wait and see how the deal turns out but at this point I recommend not buying any OCZ products because there is no guarantee that warranties will be honored.

OCZ has been one of the pioneer manufacturers in the consumer SSD industry. They were one of the most active companies when we started to see the first consumer SSDs in 2008 – 2009 timeline, but OCZ lost a ton of sales once Samsung and other major OEMs began to take the consumer SSD market seriously. It’s hard to say what ultimately killed OCZ without knowing their exact cost structure but I believe it was a combination of bad strategy and engineering choices along with other things.

What happens to OCZ now depends on the completion of the Toshiba deal. Even if Toshiba completes the purchase of OCZ’s assets, the OCZ brand will be no more. The deal with Toshiba should work out as OCZ has a lot of potentially useful assets, one of them being OCZ’s Indilinx Barefoot 3 platform.