itMYti.com < New IT WebNews
Category: news    |      June 29, 2017  >  32 minutes ago    |    View: 7
vertu

Vertu, the luxury phone maker famed for selling Android devices at an average retail price of around $6000, could be in trouble. According to the Telegraph, the company is facing the anger of workers and contractors who haven’t been paid, missing pension contributions, and the possibility of a legal battle that could end the business.

Vertu appears to have been having a rough time since it was bought by an investment fund headed by Turkish exile Hakan Uzan back in March. Sources say production at the company, which sells handsets costing up to $50,000, is running at reduced capacity, and workers claim their wages are overdue this month. Staff say they were due to be paid on Tuesday 20 June, though lawyers representing the firm's owner say the wages are not due until this Friday (June 30).

Staff fear that their jobs are at risk, as Vertu’s suppliers, which includes Microsoft, Qualcomm, and Acora, are believed to be considering calling in debts. The company is also reported to owe a property services provider (waste management) over $500,000.

But the biggest threat the British firm faces seems to stem from its sale to Uzan a few months ago. His Cyprus-based company Baferton Ltd agreed to pay around $61 million for Vertu, with the promise to “realize its full potential.” But previous owner Garry Chen says he hasn’t received any payments, and now intends to sue Uzan, whose family have a history of legal and financial troubles, for the “illegal act” of holding Vertu’s shares.

Surprisingly, all this comes just one week after Vertu announced a $40 million deal with TCL Communication to use the Chinese company’s tech inside 30,000 of its phones.

Uzan, for his part, claims the business’ problems were concealed from him at the time of the deal, and that they were present long before he took over. He is suing Chen for unlawful use of company assets.

Share this article:
itMYti.com
Category: news    |    2 hours ago    |    View: 12

If this is the iPhone 8, you should be really excited.

Category: news    |    2 hours ago    |    View: 0

Amazon Prime Day promises major savings on July 11, with a few countdown deals leading up to the big day. Here are some of the standout deals in multiple product categories.

Category: news    |    2 hours ago    |    View: 1

The Amazon Prime annual membership program's low price and bevy of shipping, video and e-book features may make it a worthwhile investment.

Category: news    |    2 hours ago    |    View: 0

In a 7-2 decision, the Supreme Court of Canada upheld a lower court&rsquo;s ruling that Google must remove search results for websites and domains associated with Datalink Technologies Gateways. The controversial decision comes after Equustek Solutions, a company specializing in&hellip;

Category: news    |    3 hours ago    |    View: 6

Amazon's biggest shopping day of the year is just weeks away. Here's what to expect and some important shopping tips.

Category: review    |    3 hours ago    |    View: 0

With a big bulky grip and an even bigger camera module, the Kodak Ektra may not be the sleekest or the most powerful phone, but it's still pretty charming.

Category: news    |    3 hours ago    |    View: 1

Steam refunds are great for users. They allow us to buy games safe in the knowledge that if our hardware isn&rsquo;t up to scratch, or we simply don&rsquo;t like something, it can be returned. To give an idea of just&hellip;

Category: article    |    7 hours ago    |    View: 40

Today we're going to take a quick look at how current-gen GPUs perform when put to the task of Ethereum mining. It seems just about everyone wants in on the action these days, and we're often asked what the best GPUs to mine with are. We didn't have an exact answer, so we decided to find out.

Category: news    |    9 hours ago    |    View: 26

Apple co-founder Steve Jobs during a keynote speech at the Macworld Conference &amp; Expo in January 2007 introduced the world to &ldquo;a widescreen iPod with touch controls, a revolutionary mobile phone and a breakthrough Internet communications device.&rdquo;




Download Latest PC Softwares

Category: data-recovery    |    Added: 2 days ago    |    View: 114
How to Clean iPhone & Permanently Erase Privacy, 100% Unrecoverable - downloadwise.com

 

Category: accounting    |    Added: 5 days ago    |    View: 128
QuickBooks Desktop Pro 2016 Free Download - downloadwise.com

QuickBooks Desktop Pro 2016 Free Download Latest Version for Windows. It is full offline installer standalone setup of QuickBooks Desktop Pro 2016.

QuickBooks Desktop Pro is a handy software tool which is developed for the business owners who want to manage all their transactions on the daily basis. This software is developed to create a database which has details about the customers, suppliers and other transactions. You can also download Intuit QuickBooks Enterprise Solutions 2016.

Category: operating-systems    |    Added: 5 days ago    |    View: 39
Windows 10 Pro Black June x64 ISO Free Download - downloadwise.com

Windows 10 Pro Black June x64 ISO Free Download Latest OEM RTM version. It is Full Bootable ISO Image of Windows 10 Pro Black June 64 Bit.

Windows 10 Pro is the newest version of the Microsoft Windows 10. Microsoft is the tech giant which has always brought us the new and exciting features in the world’s most used and famous operating system. And its all because of the ease of access and user-friendliness it provides. Windows 10 is considered as the redemption operating system after the low reviews of Windows 8. You can also download Windows 10 Pro x64 RS2 15063 with Office 2016.

Category: data-recovery    |    Added: 1 week ago    |    View: 132
iMobie PhoneRescue for Android Free Download - downloadwise.com

iMobie PhoneRescue for Android Free Download Latest Version for Windows. It is full offline standalone setup of iMobie PhoneRescue for Android.

iMobie PhoneRescue for Android is a professional Android data recovery software designed for retrieving your lost messages, photos, contacts, call logs on your Android phone and tablets. Whether you mistakenly deleted or accidentally lost anything important to you, iMobie PhoneRescue for Android helps find them back, with the highest recovery success rate and speed. More than a recovering tool, it’s also a smart screen lock remover which helps you unlock your screen in case you may forget your screen password one day.

Category: data-recovery    |    Added: 1 week ago    |    View: 51
iMobie PhoneRescue for iOS Free Download - downloadwise.com

iMobie PhoneRescue for Android Free Download Latest Version for Windows. It is full offline standalone setup of iMobie PhoneRescue for Android.

iMobie PhoneRescue for Android is a professional Android data recovery software designed for retrieving your lost messages, photos, contacts, call logs on your Android phone and tablets. Whether you mistakenly deleted or accidentally lost anything important to you, iMobie PhoneRescue for Android helps find them back, with the highest recovery success rate and speed. More than a recovering tool, it’s also a smart screen lock remover which helps you unlock your screen in case you may forget your screen password one day.

Category: mirillis-action-2-5-2-free-download    |    Added: 1 week ago    |    View: 88
Mirillis Action! 2.5.2 Free Download - downloadwise.com

Mirillis Action! 2.5.2 Free Download Latest Version for Windows. It is full offline installer standalone setup of Mirillis Action! 2.5.2 Free Download.

Mirillis Action! 2.5.2 is a superb software which allows you to record your gameplay or the desktop and capture screen-shots to share them on different social media platforms. You can also export your videos on your YouTube channels. Its a reliable and straightforward software which allows you to access all the features such as streaming and recording the audios and desktop activities in HD videos. You can also download Mirillis Action! 2.0.0.

Category: authoring    |    Added: 1 week ago    |    View: 71
Flip Shopping Catalog Free Download - downloadwise.com

Flip Shopping Catalog Free Download Latest Version for Windows. It is full offline installer standalone setup of Flip Shopping Catalog Free Download.

Flip Shopping Catalog is a useful application which allows you to create Flash shopping catalogs and embed them in your website. By using this software you can easily promote your products and it will increase your revenue. This software provides greater ease and you can get the support for multiple output formats. It works really fast and you will create the Flash shopping catalogs in just a few mouse-clicks.