Fast fading modem maker Hayes has failed to find a buyer and its remaining assets will be auctioned off to the highest bidder later this month.
Bids are being taken for either the whole Hayes group, or just parts of it such as UK based Hayes Europe. Companies are invited to view Hayes' facilities in Gaithersburg, Maryland and Norcross, Georgia to help attract potential bidders.
"At present, virtually all of our operations have been shut down and we are attempting to sell our assets at an auction scheduled for February 12, 1999," the company says in a notice on its home page.
Hayes filed for Chapter 11 to protect it from bankruptcy in October and in January its main creditor Nationsbank, refused to keep funding the company's ongoing operations and most of its 250 staff in the US were laid off.
Hayes is asking interested bidders to log their interest via a form on the company's Web site by 9 February.
Customer support has been shut down for now, but Hayes says several companies have expressed an interest in taking over support of its customers.
"If you require technical support, we apologise for our inability to assist you at this time," the notice says.
At its profitable European division in Surrey, Hayes' small team of sales, marketing and administrative staff have been continuing as usual. Noone from the UK division was able to comment on the auction.
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