The cut-throat German PC market has claimed another prominent victim, system builder Schadt Computertechnik.
The company was presented with a bankruptcy petition on 28 October.
Based in Ludwigsburg, near Stuttgart, Schadt turns over more than #100 million a year, and sells its PCs in more than 70 retail outlets throughout Germany. The company sells under Proline and Topline brands.
The company is named after its founder and managing director Karl-Heinz Schadt and employs 780 staff.
Germany is Europe's biggest and most competitive PC market. Unusually, indigenous brands dominate -Compaq, for example, ranks only tenth among PC suppliers.
But German PC vendors have never been noted for their profitability. Siemens, Germany's biggest manufacturer, is looking to offload its Augsburg PC plant, capable of producing 1.4 million PCs a year (see separate story).
And lossmaking Vobis, Germany's pioneer assembler/retailer, is still up for sale after CHS Electronics pulled out of a $660 million deal to buy the company (see Newswire 4 November).
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