Psystar files for bankruptcyMay 27th, 2009 - 8:45 pm ICT by GD
The world is passing through a phase of serious economic crisis. The impact of this economic downturn is being felt across the globe. Each and every corporate body, irrespective of its size- is facing the financial crunch. The amount of investment has slowed down drastically and credit sources have dried out. The result of this crisis is the closure of large and medium scale companies across the globe. Most of the huge enterprises are going bankrupt or are on the verge of bankruptcy. The newest addition to this long list is Psystar. It has recently filed for the bankruptcy protection document in Florida, to save itself from the turmoils of immediate closure.
For Psystar, the problem started last April, when it started selling cheap desktop computers with Mac OS X pre-installed in them. This angered Apple which claimed in its law suites that this practice of Psystar violates OS X end user license agreement. The industry was ripe with speculations as to how a comparatively small company like Psystar can survive a long-drawn legal battle with the giant Apple. A rumor had it that a large company was putting in money to fight the cases for Psystar.
But this legal tussle is now almost over as the courts have directed the company to reveal the details about its equity creditors and investors. The ‘big company’ that was supporting Psystar to sell unauthorized Mac clones and paid all its legal bills will soon be discovered by the authorities. However, the company does have its share of supporters who appreciate their efforts to sell cheap and powerful operating systems and desktops to people with limited budget.
Tags: bankruptcy protection, cheap desktop computers, closure, credit sources, creditors, desktops, economic crisis, economic downturn, financial crunch, giant apple, legal bills, legal tussle, license agreement, mac clones, mac os x, newest addition, operating systems, os x, speculations, verge