Apex - bankruptcy?

Discussion in 'Archived Threads 2001-2004' started by Robert Woods, Jan 23, 2002.

  1. Robert Woods

    Robert Woods Stunt Coordinator

    Joined:
    Jan 22, 2001
    Messages:
    51
    Likes Received:
    0
    Trophy Points:
    0
    Some one over at the Nerds - the Apex user site
    http://www.nerd-out.com/forum/viewto...261&forum=10&2
    has said that a court gas forced sale of Apex assets.
    Does anyone know anything about this? As one reads the 7701 thread on that forum, it seems that the 7701 has had myriad faults and is going back to J&R for refunds in a steady stream.
    Are there any other 'budget' players that handle SACD and DVDA? The 7701 tried to do this but seemingly had all kinds of problems.
     
  2. Neil S. Bulk

    Neil S. Bulk Screenwriter

    Joined:
    Sep 13, 1999
    Messages:
    1,457
    Likes Received:
    323
    Trophy Points:
    1,610
    Real Name:
    Neil S. Bulk
    Apex responded in another thread here. Here's what they had to say:
    "Is it true that the assets of APEX digital are being sold at auction because it is being forced out of business? Is this why the 7701 was released before it was ready to function and why Customer Support has not done anything to help me with my four defective 7701 units that I have now returned to J&R?
    Apex's Answer Is:
    It is interesting how rumors start.
    The Problem is a legal dispute between Apex and Hub.
    A contract dispute involves Hub threatening to sell Apex Digital product unless resolved. This is not an Apex Digital auction.
    Hub is only one of seven (7) warehouses with Apex Digital Product. Apex digital continues shipping DVD players to retailers and is definitely not going bankrupt or sanctioning any auctions.
    Apex Digital is financially sound, continues to supply product to the marketplace, and will continue doing "business as usual" while resolution with Hub is agreed upon.
    APEX DIGITAL:
    Is second only to Sony in DVD player market share in the United States.
    Completed a very successful Consumer Electronics Show January 8-11, 2002 in Las Vegas, where major retailers contracted for product exceeding last years success story.
    Added 18 new model television sets and 7 new model DVD players to the Apex Digital line-up. Continues shipping to major retailers without interruption now.
    Acquired a 60% controlling interest for $9 million in a major DVD manufacturing plant. Completed construction of a 300,000 square foot headquarters with 5 new production lines to complement the existing 350,000 square foot DVD manufacturing facility. Has over 75 engineers doing research and development and 2800 employees."
    Colton Manley
    Apex Digital Inc.
    2919 E. Philadelphia St.
    Ontario CA 91761
    [email protected]
    Second only to Sony? Where are the numbers to back up that claim?
    Neil
     
  3. Kevin_W

    Kevin_W Second Unit

    Joined:
    Jun 22, 2000
    Messages:
    261
    Likes Received:
    0
    Trophy Points:
    0
     
  4. Rutledge

    Rutledge Stunt Coordinator

    Joined:
    Jan 28, 2001
    Messages:
    93
    Likes Received:
    0
    Trophy Points:
    0
    Sony has the most market share with 15%. The rest is divided up among all the other manufactures. Apex could very well be second. It might be at 10% though or even less.
     
  5. Ryan Spaight

    Ryan Spaight Supporting Actor

    Joined:
    Jun 30, 1997
    Messages:
    676
    Likes Received:
    0
    Trophy Points:
    0
    Notice they didn't answer the question about why the 7701 was such a steaming load.

    Ryan
     
  6. JohnnyG

    JohnnyG Screenwriter

    Joined:
    Dec 18, 2000
    Messages:
    1,522
    Likes Received:
    0
    Trophy Points:
    0
    2nd place behind Sony? I don't believe that for a split second.

    Maybe as a manufacturer of DVD players, but certainly not the 'Apex' brand name.
     
  7. James David Walley

    James David Walley Stunt Coordinator

    Joined:
    Jul 12, 1999
    Messages:
    149
    Likes Received:
    0
    Trophy Points:
    0
     
  8. Charles J P

    Charles J P Cinematographer

    Joined:
    Aug 19, 2000
    Messages:
    2,049
    Likes Received:
    2
    Trophy Points:
    0
    Location:
    Omaha, NE
    Real Name:
    CJ Paul
    Is the 7701 the player that is reviewed in the current issue of S&V magazine? I know S&V reviewed an APEX 'universal' player, and said that on both DVD-A and SACD, the level of background noise was no better then an average CD player. That is not a good test result considering the theoretical capabilities of the two formats. I have never thought of APEX as high end, but as far as being the number DVD player seller... I saw Nebraska Furniture Mart (the biggest furniture store in all of north america, and one of the biggest electronics retailers in the midwest) move over 600 of a single APEX unit in less than 3 hours on the day after Thanksgiving, and I myself bought 2 (a bedroom player and one for my parents who arent exactly videophiles, and dont have surround sound). Both players have worked flawlessly. I think what you have to realize is, it is what it is. I think for $65 each, I couldnt really expect much. I dont think the universal player from APEX was much over $200-$300, and considering all other universal players on the market now are $1700- $5000 and up, what do you expect. I also dont know about them going bankrupt, but I heard K-mart declared bankrupcy today.
     
  9. Ryan Spaight

    Ryan Spaight Supporting Actor

    Joined:
    Jun 30, 1997
    Messages:
    676
    Likes Received:
    0
    Trophy Points:
    0
     
  10. Charles J P

    Charles J P Cinematographer

    Joined:
    Aug 19, 2000
    Messages:
    2,049
    Likes Received:
    2
    Trophy Points:
    0
    Location:
    Omaha, NE
    Real Name:
    CJ Paul
     

Share This Page