Saturday, March 25, 2000

Aureal RIP? -- 10:37 am CST, Update by A.T. Hun

This press release reports that Aureal appears to be dead or at least in critical condition. Here's the pertinent bits:

Aureal Inc. (OTC Bulletin Board: AURL), a leader in digital audio imaging, today announced the resignation of all of its executive officers, including its President and CEO, Kip Kokinakis, its Chief Technical Officer, Scott Foster, its Chief Financial Officer, David Domeier, and its Chief Operating Officer and General Counsel, Brendan O'Flaherty, along with all senior staff members of Aureal. The Board of Aureal stated that it is seeking replacement or turnaround management and is considering all necessary actions to either sell the Company or its assets or wind down the Company.

Wow! I don't remember even hearing of whispers about this. Even if they manage to sell the company, what OEM is going to want to buy technology from a company in a situation like this? Thanks Shugashack.

News for 03/25/2000

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