Please note that we are not connected with the companies referenced above other than being a purchaser of Micropolis Drives. We have just seen too many of our customers suffer hardship and are wondering how many more Micropolis casualties there are!
Press Release Dated 10 Nov 97Singapore Technologies Pte Ltd (ST) has exited its disk drive business in its wholly-owned subsidiary, Micropolis. This follows the decision by the Board of Micropolis to wind up the Company.
Exits the Disk Drive Business
In April 1996, ST entered the disk drive business through the purchase of assets and name of Micropolis. Under the new management headed by industry veteran, Dr Joe Chen, Micropolis refocused its business on high-end disk drives. With the successful launch of its 4GB and 9GB Tomahawk in 3Q96, Micropolis rebuilt its monthly revenue base to S$56m by December 1996. It was poised to maintain its niche position as a leading high-end supplier for the enterprise storage market.
However, 1997 proved to be a difficult year with excess industry capacity in the high-end market, leading to intense competition and severe price erosion. Revenue for the first three quarters of 1997 totalled S$200m, insufficient to cover overheads. The outlook for 1998 is expected to remain highly competitive with 7 industry players, including several major players.
In view of this significant change in the competitive environment and the poor expected returns, Micropolis has decided to wind up its business.
If you need data recovery,
If you want your drive repaired,
If you want drive specifications and settings,
Check The Tech Page's Micropolis page.
If you've had a Micropolis hard drive fail within the warranty period,
please complete the form below,
or via snail-mail to:
Kropf Computer Services, Inc.,
1350 Flatbush Road,
Kingston, NY 12401 USA
We are getting many responses, and the more we receive the more hopeful it becomes.
Please include your Name & Address so that you may be contacted if any further action is taken.
(It may be months from now and e-mail addresses often change.)