Talk:Great Valley Products: Difference between revisions
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Once booming GVP quietly goes bust. (Great Valley Products Inc.) |
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Philadelphia Business Journal | July 14, 1995 | Davis, Jessica | Copyright |
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KING OF PRUSSIA - Great Valley Products Inc., a regular on the Philadelphia Business Journal's list of fastest-growing privately held companies until 1993, has quietly wound up its operations and dissolved. |
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At its peak in 1992 the computer peripherals company employed about 75 people and sold $31.2 million worth of merchandise. In November of that year, two venture capital firms announced plans to invest $5 million in the hot little company. |
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Great Valley, which built its business on peripherals for Commodore International Ltd.'s Amiga family of computers, planned to use the venture capital to help diversify its product line into peripherals for IBM-compatible personal computers. |
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But the diversification came too late. |
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Amiga-maker Commodore had already begun its downward slide that would lead to its bankruptcy last year. |
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Great Valley brought one PC peripheral to market, a video capture board, but it was unsuccessful. Other PC products under development were abandoned as Great Valley's revenues and prospects sagged. |
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A few months after the once $1 billion Commodore filed for voluntary liquidation in the spring of 1994, GVP's directors quietly decided to liquidate GVP. |
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[url]http://www.accessmylibrary.com/article-1G1-17416423/once-booming-gvp-quietly.html[/url] |
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Revision as of 15:01, 9 November 2009
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Once booming GVP quietly goes bust. (Great Valley Products Inc.) Philadelphia Business Journal | July 14, 1995 | Davis, Jessica | Copyright Ads by Google Full-Text Online Journals Research online. Academic journals & books at Questia Online Library. www.Questia.com/Journals Business Venture Capital $1Billion Combined Credit for our clients, you could be next! www.BCSCredit.com Business Competitors-D&B Access Company Information For All U.S. Businesses. Free 7-Day Trial! www.selectory.com KING OF PRUSSIA - Great Valley Products Inc., a regular on the Philadelphia Business Journal's list of fastest-growing privately held companies until 1993, has quietly wound up its operations and dissolved. At its peak in 1992 the computer peripherals company employed about 75 people and sold $31.2 million worth of merchandise. In November of that year, two venture capital firms announced plans to invest $5 million in the hot little company. Great Valley, which built its business on peripherals for Commodore International Ltd.'s Amiga family of computers, planned to use the venture capital to help diversify its product line into peripherals for IBM-compatible personal computers. But the diversification came too late. Amiga-maker Commodore had already begun its downward slide that would lead to its bankruptcy last year. Great Valley brought one PC peripheral to market, a video capture board, but it was unsuccessful. Other PC products under development were abandoned as Great Valley's revenues and prospects sagged. A few months after the once $1 billion Commodore filed for voluntary liquidation in the spring of 1994, GVP's directors quietly decided to liquidate GVP. [url]http://www.accessmylibrary.com/article-1G1-17416423/once-booming-gvp-quietly.html[/url]