Wang Files for Bankruptcy
0818, aggregator, bankruptcy protection, best buy, ceo, computer, controversy, et, financial outlook, grokster, hp, leo, palm, Podcast, scope, smart phone, technology history, TouchPad, wang, wang computers, wang global
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August 18, 1992: Wang Computers had been growing, but their financial outlook didn’t seem good. In 1992, they filed for Bankruptcy protection. They eventually got out of bankruptcy, but not before they changed the scope of the business. They changed to Wang Global, then in 1999 were bought out by “Gentronics”
2011 – CEO Leo Apatheker made an announcement HP will be focusing on Enterprise, and putting the PC division on sale. This sale did not include the WebOS software. He instantly discontinued the HP TouchPad tablet and Pre series of smart phone. By the evening, most stores would discount the TouchPad to $99. This brought a lot of controversy, as some people would go to buy a TouchPad at Best Buy and they were denied as HP told them to ship the units back. BTW – HP was incorporated back in 1947 on this day.
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