MULTI Mad Catz is back from the deadThe maker of mice, fight sticks and keyboards returns

[manigamer]

[h=2]Troubled hardware maker used up its ninth life[/h]

Mad Catz Mad Catz, Inc. has filed for chapter 7 bankruptcy in the United States. As of March 30, the company has shut down and begun to sell off its assets, with all proceeds going straight to lenders.
Chapter 7 bankruptcy differs from chapter 11 bankruptcy in a major way: It means that Mad Catz does not currently intend to reorganize, filing instead for liquidation and vacating its board of directors and officers.
Best-known for its gaming hardware and peripherals, Mad Catz’s exit from the industry follows several months of financial trouble. Poor Rock Band 4 sales in late 2015 rocked Mad Catz, after it hedged its bets by co-publishing and designing instruments for the game. The company told investors that it needed Rock Band 4 to succeed in order to stabilize itself; that didn’t happen, and the company posted huge losses in the quarter after its release.
In February 2016, Mad Catz’s CEO and chairman both resigned, and the company laid off nearly 37 percent of employees. Leading up to the bankruptcy filing, efforts to increase shareholder value failed on a public level; we reported in January that Mad Catz’s stock prices had plummeted, and the company was at risk of being removed from the New York Stock Exchange.


The board of directors voted to cease operations following these failed moves to boost profits. Going bankrupt is an unfortunate, if not unexpected ending for the company, as well as hardware heads who’d collected Mad Catz’s controllers, flight sticks and other products since it opened in 1989.

 

[JANARIOO]

what ever anyone says i like the logo

 

[Oracle309]

Sorry to hear I have used MAdcatz gaming laptop it was amazing .poor souls

Sent from my Nexus 5 using Tapatalk

 

[divitorobert]

hmm bad news my friend spend long time but now it shut down sad info :-\

 

[manigamer]

Mad Catz is back from the deadThe maker of mice, fight sticks and keyboards returnsHardware maker Mad Catz, which filed for bankruptcy and shut down in March 2017, is back. The company, now known as Mad Catz Global Limited and headquartered in Kowloon, Hong Kong, announced a new line of products today.Mad Catz will be at next week’s Consumer Electronics Show with new PC gaming hardware: RAT mice, STRIKE keyboards, FREQ gaming headsets and GLIDE gaming surfaces. The company said in a release that “the new Mad Catz will focus first on quality, committed to producing innovative gaming products, designed and engineered in-house to stand out amongst the competition and deliver superlative performance for gamers of all abilities.”The company didn’t announce new arcade sticks as part of its new line, which helped the company gain a reputation as a serious hardware manufacturer, but did mention the FightStick brand in today’s announcement.“We couldn’t be more excited than to begin 2018 by announcing the return of Mad Catz to the global gaming arena,” said Selena Chang, director of sales and operations for Mad Catz Global Limited, in a release. “Mad Catz has been a permanent fixture in gaming for almost three decades and we firmly believe it’s best days lie ahead. Through listening to gamers worldwide, we plan to once again forge a path of innovation in the gaming hardware community, and we’re already working on delivering products which we believe will enhance gamers’ abilities and do justice to the Mad Catz name.”According to a report from Cnet, the new Mad Catz is made up of former employees who worked at the company’s Chinese factories. “They saw an opportunity to keep doing what they’d already been doing -- but now they’ll be working for themselves,” Cnet reported.The original Mad Catz was founded in 1989. The company shut down in 2017 in the wake of massive losses tied to big bets on Rock Band 4, which it published and manufactured controllers for. The company laid off many of its employees in 2016.