SNK Gone?!!!!

[Neon8]

I saw a bunch of topics in the main news forum about SNK being gone! I've been gone for a while from these forums and don't feel like reading all that stuff right now, so could someone make a small summary of what's been going on in the Neo-Geo world this past month or so?

 

[BIG BEAR]

Nooooo,you are mistaken GUI LONG is alive and well...comes here frequently to participate in the forums <IMG SRC="smilies/smile.gif" border="0">
-BB

 

[Neon8]

Orignally posted by Big Bear:
Nooooo,you are mistaken GUI LONG is alive and well...comes here frequently to participate in the forums

I'm afraid I have no idea what you are talking about Big Bear. Did I miss something?

 

[BIG BEAR]

Originally posted by Neon8:
<STRONG>

Orignally posted by Big Bear:
Nooooo,you are mistaken GUI LONG is alive and well...comes here frequently to participate in the forums

I'm afraid I have no idea what you are talking about Big Bear. Did I miss something?</STRONG>

SNK has filed for Bankruptcy and it is reported that they are liquidating all assets to pay their bills...
A company can still function even during the BANKRUPTCY stage of it's existence..It does not mean they're going out of business -BUT- it does mean that they are restructuring so to answer your question. NO. they are still in business until further notice.
-BB

 

[Neon8]

Thanks for the fill in Big Bear. Well its good to know SNK still exists. I guess it'll be a while till they release a new game though with the restructing thing though. I read that the secret game wasn't Samurai Showdown 5 after all, oh well guess you can't have everything you want. Metal Slug 4 is cool either way though.

 

[BIG BEAR]

From what I understand all projects will be ON HOLD after the release of Zupappa...
Hopefully SNK will be bailed out -BUT- they owe millions of dollars.. I think 30 million in debt(how the hell that happen?) Hey maybe if I hit the lottery soon.. I promise you I will bail out SNK <IMG SRC="smilies/smile.gif" border="0">
Damn I would! SNK would KICK CAPCOM's ASS if that were to happen!
-BB

 

[Neon8]

$30 million! That's alot of money I guess it'll be a long time before SNK games come out for a while.

 

[DIY]

Originally posted by BIG BEAR:
<STRONG>From what I understand all projects will be ON HOLD after the release of Zupappa...
Hopefully SNK will be bailed out -BUT- they owe millions of dollars.. I think 30 million in debt(how the hell that happen?) Hey maybe if I hit the lottery soon.. I promise you I will bail out SNK <IMG SRC="smilies/smile.gif" border="0">
Damn I would! SNK would KICK CAPCOM's ASS if that were to happen!
-BB</STRONG>

IMO SNK had their chance, they could have just started anew with the Naomi hardware and NGPC, but they were stupid. Hopefully they'll get back on there feet and go on to better hardware.

Long live Neo Geo?

Long live SNK...

 

[RiotoftheBlood]

Originally posted by BIG BEAR:
<STRONG>From what I understand all projects will be ON HOLD after the release of Zupappa...
Hopefully SNK will be bailed out -BUT- they owe millions of dollars.. I think 30 million in debt(how the hell that happen?) Hey maybe if I hit the lottery soon.. I promise you I will bail out SNK <IMG SRC="smilies/smile.gif" border="0">
Damn I would! SNK would KICK CAPCOM's ASS if that were to happen!
-BB</STRONG>

I have read that the largest contributor of the $30M was the failure of the NGPC in the US. Still... oh my.

 

[BRANDI]

Originally posted by RiotoftheBlood:
<STRONG>I have read that the largest contributor of the $30M was the failure of the NGPC in the US. Still... oh my.</STRONG>

... and the Hyper 64 board in arcades...

 

[Hakkun]

Originally posted by BRANDI:
<STRONG>... and the Hyper 64 board in arcades...</STRONG>

Sometimes ppl just can't do what they are entitled to do... Can't SNK plan better what to do? <IMG SRC="smilies/frown.gif" border="0"> I'm just trying to say we all know SNK has come to an end... of course I hope something will happen and it will shine again but... hmm... <IMG SRC="smilies/ohno.gif" border="0">

 

[trieuminator]

Originally posted by BIG BEAR:
<STRONG>From what I understand all projects will be ON HOLD after the release of Zupappa...
Hopefully SNK will be bailed out -BUT- they owe millions of dollars.. I think 30 million in debt(how the hell that happen?) Hey maybe if I hit the lottery soon.. I promise you I will bail out SNK <IMG SRC="smilies/smile.gif" border="0">
Damn I would! SNK would KICK CAPCOM's ASS if that were to happen!
-BB</STRONG>

Big Bear,

uh, try 300+ million. 30 million is nothing to banks. they were losing 30-40 million per year starting in 1993-4.

 

[BRANDI]

Originally posted by Hakkun:
<STRONG>Sometimes ppl just can't do what they are entitled to do... Can't SNK plan better what to do? <IMG SRC="smilies/frown.gif" border="0"> I'm just trying to say we all know SNK has come to an end... of course I hope something will happen and it will shine again but... hmm... <IMG SRC="smilies/ohno.gif" border="0"></STRONG>

To be honest, apart the mighty MVS/AES Neo SNK made only mistakes and unsuccessful products:
NeoGeo CD/CDZ
Hyper 64 board
NeoGeo Pocket
nice systems but commecially a failure... <IMG SRC="smilies/frown.gif" border="0">