Thursday, October 22, 2009

I heard Helio went bankrupt, or was it just ampd mobile and sk telecom that went bankrupt?

I was on a mission to buy a new HELIO OCEAN the other day and the store that advertised them said that they got rid of the phones because HELIO went bankrupt. She could not confirm it because the dumb broad was on the phone the whole time she was talkin to me in person but, can anyone confirm this? I already have Helio service and was gonna upgrade but now Im just gonna wait until someone can help me out with this question?



Answers:

Helio did NOT go bankrupt - the store rep was incorrect. They use the Sprint network for service.



Amp%26#39;d DID go bankrupt - that was a long time coming.



SK Telecom is a Korean Telco. They are not going bankrupt. In fact, there is some speculation they may be preparing to enter the US phone market...



Hope this helps! Helio did not went bankrupt - they are still in business. Amp%26#39;d Mobile did filed for Chapter 11 and their website states that "Amp%26#39;d is potentially suspending US operations on July 31st."



Filing for bankrupcy does not necessarily mean that the company will cease its operations. Bankrupcy does give the company some time in order to restructure itself and turn a profit. If after the bankrupcy process the company still can%26#39;t raise its earnings, then it is dissolved and its assets (including customer base) are sold.



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