InvestorsHub Logo
Followers 49
Posts 2785
Boards Moderated 0
Alias Born 08/02/2006

Re: None

Monday, 04/04/2011 9:35:10 PM

Monday, April 04, 2011 9:35:10 PM

Post# of 84
company profile looks awesome. see the yahoo link:

http://finance.yahoo.com/q/pr?s=SBLUQ.PK+Profile

It manages and operates its businesses as a debtor-in-possession. In April 2003, SONICblue sold its GoVideo® business assets to Opta Systems, LLC., for $6.2 million. In the same month, the company sold its ReplayTV® and Rio® business units to D&M Holdings, Inc., with a combined purchase price of $36.2 million for both units. In May 2003, SONICblue? signed an asset purchase agreement with Zoom Telephonics, Inc. Under the terms of the agreement, Zoom Telephonics agreed to acquire substantially all of SONICblue's modem business assets, including the trade names Diamond and Supra, for approximately $495,000, subject to adjustment. On March 21, 2003, SONICblue filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the Northern District of California. The plan was later confirmed as Chapter 11 liquidating on October 29, 2008.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.