Story 2014-11-07 2TY7 Corporate Fraud Drives Zalman to Bankruptcy

Corporate Fraud Drives Zalman to Bankruptcy

by
in hardware on (#2TY7)
story imageZalman has filed for bankruptcy.
Zalman was one of the pioneers of low-noise cooling solutions, in an era when stock coolers were noisy enough to drive people insane. Unfortunately for us all, on November 3, 2014 the company filed a bankruptcy protection request in the Seoul Central District Court.

Zalman did not fall victim to recession, competition or even bad corporate management. The whole story is long, complicated, obscure and yet unconfirmed, so unfortunately we may never learn all the details of it. To summarize, Zalman apparently was part of an allegedly very well designed and planned multi-billion dollar corporate fraud.
As an owner of quite a number of their copper CPU blossoms, I hope that they can pull through and distance themselves from their troubled parent corporation.
Reply 1 comments

Some people just suck (Score: 1, Insightful)

by Anonymous Coward on 2014-11-11 11:58 (#2TZJ)

Anything for a buck, especially off the hard work and sweat of others. Very sad.