56K.COM - News Archive for October 11 to 17, 1998

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News Archive for October 11 to 17, 1998

Tuesday, October 13

Point-Topic looks at V.91, the all-digital version of V.90.

Hayes has filed for Chapter 11 bankruptcy protection. Under the terms of Chapter 11, a company can continue to sell products and services and support existing customers while being protected from its creditors in order to reorganize its finances. Computer Retail Week, News.com, and Tech Investor are covering the story.

Hayes timeline

1978 - Dennis Hayes creates the Hayes command set now used by practically every modem.
1994 - Hayes files for chapter 11 bankruptcy protection, from which they later recover.
April, 1996 - Hayes emerges from bankruptcy and announces plans for an initial public offering within two years. Dennis Hayes steps down from day to day operations as the company looks for a CEO.
March, 1997 - Hayes announces intent to acquire Cardinal.
July, 1997 - Hayes announces a merger with Access Beyond. The deal is seen as a way for privately-held Hayes to take its stock public.
May 1, 1998 - Hayes stock drops to $3.63 a share, from $8.81 on February 26. Hayes has not shown a profit in four years.
August, 1998 - Hayes announces plans to sell its modem manufacturing plant in Norcross, Georgia, layoff 250 workers, and outsource modem production.
October, 1998 - Hayes files for chapter 11 bankruptcy protection again.

Computer Retail Week reports large third quarter losses for Diamond Multimedia, which the company attributes to radical changes in their inventory model.

ZDNet asks, "Is the modem market heading into a death spiral?"

Other news

Xircom is now shipping PC Card modems with the V.90 protocol.

Ariel has a new CompactPCI RAS product that provides up to 60 V.90 or ISDN ports. It can be provisioned with PRIs, T1s, or European E1s.

Analog Devices has announced a new 16-bit DSP that can handle six ports simultaneously. Each port can service ISDN, V.90, K56flex, and voice-over-IP.

Publishing holiday this Friday

I'm going to the Lake Eden Arts Festival for my birthday, so the next news update will be on Tuesday.

Coming attractions here at 56K.COM Publishing Laboratories include a Logicode Refugees FAQ, LT Win Modem FAQ, and a Call Waiting and Modem FAQ.

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