Focus Enhancements, manufacturers of the Firestore line of products, filed for chapter 11 bankruptcy today. It was pretty clear that it was coming – they haven’t had a profitable quarter for quite a while, the stock has been delisted from the NASDAQ and the market for harddisk recorders is eroding.
Too bad for their employees, but hopefully someone will buy them cheap (their market capitalization was under $5million yesterday) and refocus (excuse the pun) the company around a core set of products. Many folks don’t realize that besides the Firestores, Focus makes video switchers, digital asset management tools, conversion software, digital signage tools and semiconductors. Maybe it’s time to just do one of those things well…
Amazing this 3 days after this press release.
Amsterdam, The Netherlands (IBC2008) – September 15, 2008—Focus Enhancements Inc. (NASDAQ: FCSE), a worldwide leader in media management and ultra wideband (UWB) wireless technology, today announced that it has partnered with Canon U.S.A. to develop the FS-CV Direct To Edit® (DTE) Recorder for Canon’s XL and XH series of professional HDV cameras.
Amazing this 3 days after this press release.
Amsterdam, The Netherlands (IBC2008) – September 15, 2008—Focus Enhancements Inc. (NASDAQ: FCSE), a worldwide leader in media management and ultra wideband (UWB) wireless technology, today announced that it has partnered with Canon U.S.A. to develop the FS-CV Direct To Edit® (DTE) Recorder for Canon’s XL and XH series of professional HDV cameras.