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The once cult technology companies are slowly “disappearing”

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Many years ago there were prominent and well-known technology firms. However, at the present time these brands are just “memories”.

Compaq

Founded in 1982 with the goal of developing and selling computers and related products, Compaq caught the attention of becoming the first company to legalize IBM personal computer design, emerging in the industry. industry in the 1990s and became the largest computer supplier at that time.

The company then competed to survive the growth of computer giants HP and Dell, especially in a price war before being acquired by HP in 2002 for $ 25 billion, and the brand. This was used by HP for low-cost systems until decommissioned in 2013.

Compaq fell into the hands of HP before being completely killed in 2013.

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GeoCities

This web hosting service was established in 1994, by 1999 it became the third most visited website in the world. It was around this time that the service was acquired by Yahoo! for $ 3.57 billion. Two years later, the service is not profitable and makes Yahoo! lost $ 8 million at that time.

Yahoo! It tried to make various changes to improve profits, but despite its popularity, GeoCities continued to fail. In 2009, GeoCities was added to the list of services that Yahoo! closed, and users are encouraged to switch to alternative hosting.

Kodak

Founded in 1888 and during the 20th century, this company has become a prominent name in the photography industry. Unfortunately, Kodak didn’t keep pace with the development of digital photography and started experiencing financial trouble in the 1990s.

Despite efforts to change profits, the company’s business model continued to suffer, forcing Kodak to file for bankruptcy in 2012. Kodak then sold the majority of its patents to Apple, Google, Facebook … for $ 525 million. Since then, this brand has only appeared in the business of carrying bags, printing, graphic media or professional services.

Kodak was forced into bankruptcy due to a business failure.

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Polaroid

Founded in 1937 and known for its instant photo printer. At its peak, the company employed 21,000 employees and made $ 3 billion in revenue.

During World War Two, the company designed some smart products for allied forces such as an infrared night vision device, but then switched to instant camcorders released in the 1950s and 1960s.

In the years that followed, the rise of new technologies changed the world of photography, especially digital cameras, dulling the passion for digital cameras, forcing the company to file for bankruptcy in 2001. A new company that sprung up from what was left behind was also declared bankrupt in 2008.

Netscape

It was one of the earliest and perhaps most popular browsers in the early days of the web world. At its peak in the mid-1990s, the browser had 90% market share but was later occupied by Microsoft’s Internet Explorer and down to 1% in early 2006.

Netscape was later acquired by AOL and continued to grow until 2007 before ceasing to exist. However, this brand still comes in many different forms and is currently an inactive affiliate of Facebook.

The Netscape browser used to be popular.

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Palm

The company focuses on the production of PDA and other electronic devices. In addition to PDA, this brand is also known for its webOS platform for smartphones.

In 2010, Palm was acquired by HP for $ 1.2 billion. HP went on to create a webOS product line, but without the Palm name. After sales were low, HP ceased production of Palm products, and the brand was barely in use in 2011, ending its 19-year history.

Pebble

Pebble first appeared in 2012 through a fundraising campaign on Kickstarter and sold its first smartwatch in 2013. By 2014, Pebble sold 1 million units, and the company launched two new smartwatch models in the year. 2015, received 75,000 supporters.

However, the company struggled financially and was forced to repay donations. In 2016, the company was forced to shut down completely. The patents are then acquired by Fitbit.

Pebble used to be very successful in the smartwatch market.

Minolta

Founded in 1928 and best known for being the first built-in autofocus SLR. In its heyday, this Japanese company was considered to be one of the most innovative camera manufacturers on the planet, especially between 1950 and 1980.

However, in 1991, Minolta’s autofocus design was found to infringe Honeywell’s patent with a fine of up to $ 127.6 million. In 2003, this company merged with Konica to become Konica Minolta company to keep pace with the times. The new company announced it was leaving the camera business in 2006, where it sold its SLR segment to Sony.

Vertu

The company was founded in 1998 by Nokia and has become a British luxury handcraft phone brand (headquartered in Hampshire) with the goal of targeting the rich. The product first went on sale in 2003 and by the end of 2010, the company started rolling out its first smartphone with sapphire keys priced between £ 5,000 and £ 17,300 depending on option.

However, the company only sold about 350,000 phones in 2013 before going out of business by shutting down in 2017, leaving 200 employees unpaid and unemployed.

Vertu phones are no longer in production.

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* Source: Youth

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