Although aggressive sales of the Unistar computers won a modest number of industrial and government buyers, with sales peaking at $7 million in 1984, Callan was not selling enough to be profitable. Competitive workstations from Sun and HP running BSD UNIX were gaining market share, and the UNIX System V incompatibilities, though slight, made it even more difficult for Callan to compete. Sales in 1985 shrank to less than half the previous year, and Callan was reorganized in bankruptcy under the control of numerous creditors. After a few futile months of attempting recovery, the committee of creditors voted to liquidate the company assets valued at $1.6 million by public auction in bulk. The Dove family auctioneers, who had famously handled the recent liquidation of the Osborne Computer Corporation, won the company assets for $201 thousand (13 cents per dollar of valuation) in December 1985, and began selling inventory to owners of systems who wanted spare parts or upgrades at full price. After several weeks of this retailing, the Doves held a public auction at the plant site in February 1986, selling the entire remaining inventory to the highest bidders, and reaping many times their original investment. The bankruptcy proceeding eventually paid secured creditors in full. Unsecured creditors were left holding $1.9 million in debt, and in 1988 were paid 1.3 cents for each dollar to finally close the case.
Callan Unistar computers continued to be used during the 1980s. At least one Unistar 300 was still running a critical database application for the US government into the 1990s.
Read more about this topic: Callan Data Systems
Other articles related to "decline":
... The decline of the VFA may be said to have commenced in 1982 when the VFL moved the struggling South Melbourne Swans to Sydney ...
... Demographic transition refers to the decline in population mortality and fertility decline with social and economic development ... During the third stage, the CBR begins to decline due to women's increasing participation outside the home and a reduced need for farm labour ...
... The decline of the Maurya Dynasty was rather rapid after the death of Ashoka/Asoka ... Regarding the decline much has been written ... brahminical reaction was responsible for the decline because of the following reasons ...
... Few recent commercial adventure games have been hits in the US but they are still very popular in Europe (95% of all adventures released in US are in fact translated European products) ... It has been suggested that this is because the "average" gamer today was weaned on console video games and first person shooters rather than the "traditional" computer games cherished by the original crop of adventure gaming enthusiasts ...
... Over the last several decades, religious practice has been on the decline in a process of "Secularization." European countries have experienced a decline in church attendance, as well as a ...
Famous quotes containing the word decline:
“Where mass opinion dominates the government, there is a morbid derangement of the true functions of power. The derangement brings about the enfeeblement, verging on paralysis, of the capacity to govern. This breakdown in the constitutional order is the cause of the precipitate and catastrophic decline of Western society. It may, if it cannot be arrested and reversed, bring about the fall of the West.”
—Walter Lippmann (18891974)
“Families suffered badly under industrialization, but they survived, and the lives of men, women, and children improved. Children, once marginal and exploited figures, have moved to a position of greater protection and respect,... The historic decline in the overall death rates for children is an astonishing social fact, notwithstanding the disgraceful infant mortality figures for the poor and minorities. Like the decline in death from childbirth for women, this is a stunning achievement.”
—Joseph Featherstone (20th century)
“But only that soul can be my friend which I encounter on the line of my own march, that soul to which I do not decline, and which does not decline me, but, native of the same celestial latitude, repeats in its own all my experience.”
—Ralph Waldo Emerson (18031882)