May 04, 2011
Another One Bites the Dust: think3 Declares Bankruptcy
Please note that contributed articles, blog entries, and comments posted on MCADcafe.com are the views and opinion of the author and do not necessarily represent the views and opinions of the management and staff of Internet Business Systems and its subsidiary web-sites.
Jeff Rowe - Managing Editor


by Jeff Rowe - Contributing Editor
Each MCAD Weekly Review delivers to its readers news concerning the latest developments in the MCAD industry, MCAD product and company news, featured downloads, customer wins, and coming events, along with a selection of other articles that we feel you might find interesting. Brought to you by MCADCafe.com. If we miss a story or subject that you feel deserves to be included, or you just want to suggest a future topic, please contact us! Questions? Feedback? Click here. Thank you!




































 

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-- Jeff Rowe, MCADCafe.com Contributing Editor.


Rating:
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Review Article
  • Nainar May 05, 2011
    Reviewed by 'nainar Arumuga'
    Jeff,
    While your articles covers chronology of events happened in the last decade or so about Think3, the focus is more on not touching anything controversial.Think3 did make more than the $15 million your quoting, but being a private company never declared it. 2009 had been a tough year and the company did go through tough times, but there existed a customer base, some of them actually software product companies. The reason Think3 went bankrupt is not because they did not have assets, but the assets were transferred to another company in dubious ways which is why the Courts of Italy have taken cognisance and reversed the decisions. The truth behind the bankruptcy will come out in the open soon. Most of the mainstream media and social media have stayed away from finding what happened, for the fear of repercussions till one blogger stood up to present the story and provided a platform for Think3 customers also to express their views unitedly. MCADCafe should provide such forums but unfortunately that was not the case but this article providing one side of the story.

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