Hardware & Technical Is it true that Mad Catz is bankrupt?

[Deleted member 110222]

Title. I heard this. Thought it would be worth discussing given their former ownership of Saitek.

 

[Hell Razor5543]

Erm, well I just found this on the Web;

http://www.espn.com/esports/story/_...iles-bankruptcy-all-directors-officers-depart

 

[GuruNot]

http://www.reuters.com/article/brief-mad-catz-interactive-makes-volunta-idUSFWN1H80KP

 

[Asp Explorer]

Their website still functions - but I'd grab the latest drivers for anything you need before it gets shut off.

 

[GJ51]

I thought Saitek was bought by Logitech ???

http://www.tomshardware.com/news/mad-catz-saitek-logitech-sale,32707.html

 

[Asp Explorer]

I thought Saitek was bought by Logitech ???

http://www.tomshardware.com/news/mad-catz-saitek-logitech-sale,32707.html

Saitek was sold to help Mad Catz climb out of the dungpit - unfortunately it didn't work and this is the result.

 

[GJ51]

Saitek was sold to help Mad Catz climb out of the dungpit - unfortunately it didn't work and this is the result.

Given the lack of quality they produced, I would hardly consider this unfortunate.

Hopefully Logitech can raise the quality bar and put more competition into the market. Unfortunately, the reviews I see on New Egg aren't encouraging.

 

[JetsonRING]

I thought Saitek was bought by Logitech ???

http://www.tomshardware.com/news/mad-catz-saitek-logitech-sale,32707.html

Saitek WAS sold to Logitech, after Mad Catz gutted the company's quality-control in a quest for quick profits, then selling the doo-doo-sandwich called Saitek to Logitech who is now stuck wiping up Mad Catz mess.

 

[harakan]

Full announcement:

https://globenewswire.com/news-rele...the-Bankruptcy-and-Insolvency-Act-Canada.html

 

[CMDR Cosmic Spacehead]

Isn't Mad Catz that cheap nasty stuff you pay loads of money for?

 

[Dbrn47]

Yes. It's true.

- - - Updated - - -

Isn't Mad Catz that cheap nasty stuff you pay loads of money for?

Yes, it is.

 

[proffrink]

Mad Catz has needed to die for a while now. I'm surprised it's taken this long with more reputable brands releasing just as affordable stuff these days without the whole 'ew it's Mad Catz' thing attached.

 

[Insomnia]

I first thought it was a April fools joke and thought what a wonderful idea it was to get some free publicity.

 

[Asp Explorer]

Isn't Mad Catz that cheap nasty stuff you pay loads of money for?

Yup - but some of their stuff was at least interesting

Their Cyborg Gaming Lights for instance, were horribly overpriced, a unbelievably massive pain in the rear to get working, and both AMBX and Mad Catz dropped support for them ages back and pretended they never actually existed.

However, there was a definite "oooohhhhh!" produced by everybody who actually saw them work

 

[Insomnia]

Yup - but some of their stuff was at least interesting

Their Cyborg Gaming Lights for instance, were horribly overpriced, a unbelievably massive pain in the rear to get working, and both AMBX and Mad Catz dropped support for them ages back and pretended they never actually existed.

However, there was a definite "oooohhhhh!" produced by everybody who actually saw them work

B-But...who would ever want one of those??

 

[Asp Explorer]

B-But...who would ever want one of those??

Someone with more money than sense.

Like me

 

[Insomnia]

Someone with more money than sense.

Like me

I'll sell you some of my sense for a few hundred bucks.