Could Chip-Con be in trouble ??

I got this link e-mailed to me, unfortunitly it is in Danish. The friend that e-mailed it to says that Chip Con (Prometeia) may be in some legal trouble.

Heres what he told me:
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"Looks like chip_con are in some trouble. It turns out they got a Grant from the EU to set up the cooling product. To get the grant they had to find a different market to Asetek for there product.So they took the grant and agreed not to compete. Now a journalist nosed into the case, and found out something was (IS) wrong, as Chip-Con are going after the same customers etc.

Some news sites, but there in Danish, http://www.dr.dk/nsapi.dr/newton/nor...archstr=asetek

It's all over the news in Denmark today :O"
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Maybe we could get some translation on this one.

OPP

Unfortunately Systran doesn't have a Danish > English module available yet... soz dude... do we have any Danish members??

hi guys I'm Swedish but it says just about that. they where promised 100000$ from EU and they gotten 50000$ so far for starting up a buisiness if they didnt compete with asetek. and now there is an investigation about it, if its all is true that chip-con are competing with asetek about customer they have to pay back those 50000$ to EU. I'm Sorry about my bad English.

1 000 000 DKK is about 130 000 USD, 134 000 EUR, 84 400 GBP, 1 210 000 SEK or 996 000 NOK. :p Not 100 000 USD ;)

Thanks for the info guys:)

And Kamerat, welcome to Xtreme:toast:

OPP

A Little Help Maybee ..... Online Translation .....

Not for a whole webpage ... but ....

See Link:

http://www.freedict.com/onldict/dan.html

// fOrMIs :)

Please read the bottom of this link.

http://forums.overclockers.co.uk/sho...&threadid=3266

Thanks alot OPPAINTER!

Translation Link # 01

Director of studies by the county works by that concern, he recommended

22. october 1200: North

A director of studies, there getting 15.000 features to get a aversion report by Nordjyllands Counties, works themselves by that concern, that he recommended the county that give beyond a million features.
Last year said Nordjyllands Counties good to, computervirksomheden Chip Con to Hobro shall orchard beyond a million features from EU's destination 2- remedy. The condition to give the bread were after, that the concern no is rival to another nordjysk activity, Asetek to Brønderslev.

Both Asetek and Chip Con prepares kølesystemer to the computer. And when the county were to doubt about, the activity made they equal produce to they equal customer, so was praying they director of studies His Harddisk from Aalborg estimate the question.

Actually displays that themselves, that His Harddisk went pay from Chip Con to Hobro amid a month after, he that aversion director of studies had registered the county that give bread to Chip Con.

His Harddisk here that director of studies by Chip Con the employment by that work out patentansøgning at Chip Cons produce. His Harddisk the adhesion today, that he was aversion, though he soon after the employment by the county, made bread at precisely Chip Con. Kontorchef to Nordjyllands Counties, Allah Næs Gjerding, is after deep dispute His Hardings role to the thing is highly deplorable. He shouldn't orchard taken to appointment, says Allah Næs Gjerding.

vocation and Boligstyrelsen has actually requested the county about that get another examination from the question. Of which that appears, that the liaison from His Harddisk is svigagtig, so risk Chip Con to Hobro if worst comes to worst that should pay for the backing back. Today has the concern as early as got half EU- the backing at beyond a million features.

// fOrMIs :)

Translation Link # 02

Question about EU- purchase to activity to Hobro have to go now about

22. october 1200: North

Sagsbehandlingen wasn't on the level, when Nordjyllands Counties last year said good to, a nordjysk activity getting beyond a million features to EU- purchase.
That intends Vocation- and Boligstyrelsen, there charging, that the county prepares another, aversion examination from the question. That is a lot wacky, because matters about EU- bread seldom goes about.

The little Hobro- activity Chip Con to Hobro prepares kølesystemer to the computer. That doing the concern Asetek to Brønderslev too. Therefore were the county last year highly to doubt, when Chip Con searched about that get beyond a million features from EU´s destination 2 remedy. By of which two local the activity prepares ditto child and have they equal customer, so vil the county no commend, that EU treats bread to, that a activity can be udkonkurrere the duck.

The county pay the consultant His Harddisk from Aalborg to that estimate the question. And he definitely, that they two the activity prepares all various produce. It is a estimate, that the concern Asetek to Brønderslev is seriously dispute to the consultant didn't his jobs accurately, intends manager Apply Castle Eriksen.

- Chip Con to Hobro has got millionstøtten at a dance wrong grounding, says the director, there to beyond a år except success has tried that get the county to that get another examination.

- However it'll be effected actually, after Vocation- and Boligstyrelsen is gone into the question. The consultant report shall glance after to the seam, says kontorchef to the county Vocation- and Arbejdsmarkedsafdeling, Allah Næs Gjerding.

Chip Con to Hobro went to the spring going by that sell kølesystemet to the computer, that Asetek to Brønderslev says is fellow to their.

Aseteks manager intends therefore, that that delivery is urgent by that get the question definitely, because EU- the backing is by to that udkonkurrere his concern. However either the county or Vocation- and Boligstyrelsen can be today tell, when the investigation is finished.

// fOrMIs :)

Online Translator ... not 100 % .... :)

http://intertran.tranexp.com/

// fOrMIs :)

fOrMIs,

Thats stuff is just as hard to understand as the original:D

OPP

Basically it's gonna be the same funding principles I have to put up with when funding music festivals etc (that's what else i do in life).

The funder can provide fundings as long as the company receiving those funds doesn't go into direct competition with any other company which the funder has previously funded. These tactics can put companies out of business, and the funder can be sued by the company that comes off worst. The funder would then have to sue the company that came off best for breach of contract... blah de blah. Asetek kick up a fuss saying "you said that you wouldn't fund anyone else in the phase-change market... breach of our funding agreement... either sort it or we'll sue" so the funder fines the new company by demanding return of the funding which cancels it all out so they can get away without being at fault.

Quote:

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Originally posted by OPPAINTER
fOrMIs,

Thats stuff is just as hard to understand as the original:D

OPP

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OPP

You "must" try to learn some danish OPP .... give it a try ... !! :D

I can tell you .... that ... finnish ... is harder to learn ... !! swedish ... perhaps ... !??? :rolleyes:

// fOrMIs :D

German is to hard to learn, i'm even born in Germany I have my problems with it.

Quote:

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Originally posted by Marci
Basically it's gonna be the same funding principles I have to put up with when funding music festivals etc (that's what else i do in life).

The funder can provide fundings as long as the company receiving those funds doesn't go into direct competition with any other company which the funder has previously funded. These tactics can put companies out of business, and the funder can be sued by the company that comes off worst. The funder would then have to sue the company that came off best for breach of contract... blah de blah. Asetek kick up a fuss saying "you said that you wouldn't fund anyone else in the phase-change market... breach of our funding agreement... either sort it or we'll sue" so the funder fines the new company by demanding return of the funding which cancels it all out so they can get away without being at fault.

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Thats to bad, I mean since they are selling the same type of product you would think the Funder would know they would definitely be in competition with similar products. I guess Chip Con will just have to pay off the Funder and get Sponsored by someone else.

OPP

Quote:

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Originally posted by Klosterbruder
German is to hard to learn, i'm even born in Germany I have my promblems with it.

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I'm the same way with English:D

OPP

Hopefully this doesn't affect shipments. I hope Xtreme Tek Werkz gets their shipment soon and quickly gets them out to all of us that placed orders.

As far as I know there isnt any problem at all really. Asetek are playing it dirty putting CC in a bad light ..... there's nothing to worry about thats the statement.

For sure there isnt a single problem with shipments

Quote:

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Originally posted by JCviggen
As far as I know there isnt any problem at all really. Asetek are playing it dirty putting CC in a bad light ..... there's nothing to worry about thats the statement.

For sure there isnt a single problem with shipments

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Good to hear, I'd hate to see another Maxxxpert situation, I'd never hear the end of it:D

OPP

I got an order status update from Xtreme Tek Werkz this evening. They mentioned that they were going to ask Chip-Con about this.

Quote:

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Originally posted by bmg
I got an order status update from Xtreme Tek Werkz this evening. They mentioned that they were going to ask Chip-Con about this.

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I also got the same email tonight

i hope chip con is not gonna let us down. i wonder how many units did they sell worlwide.

Saw this on [H] forums... kinda sucks.. how can you NOT compete w/ Asetek is what I'd like to know. What kind of moronic agreement is that. "OK you have to make this product but not compete with the vapochill..... which is identical to what you're creating? OK? DEAL!" eee-dee-ots.

Quote:

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Originally posted by JCviggen
As far as I know there isnt any problem at all really. Asetek are playing it dirty putting CC in a bad light ..... there's nothing to worry about thats the statement.

For sure there isnt a single problem with shipments

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Copied from the [H] forum.

Xevito
Limp Gawd

Registered: May 2000
Location: UK
Posts: 180
" From what can be worked out :

the situation is that before Chip-Con started up they applied for EU funding. In that process Chip-Con convinced an "independent" consultant and the EU that they were not trying to compete with asetek, as they would sell COMPLETE Computer systems to a Professional market and not intefer with asetek at all. The local EU authorities found that hard to believe but as the "independent" consultant was saying the same they accepted it, and gave Chip-Con 130K$ "free of charge" (it's not venture funding as they don't get stock it's purely contribution) providing that they would not go after the same markets, customers etc. as asetek. If they did it would obviously be unfair to privately held corporations and EU would get their ass kicked.

Now this wasnt known until recently, the "independent" EU consultant that also visited asetek and saw the R&D, production etc. is the same guy that is working for Chip-Con as a patents consultant. That means that the same person that they shared ALL their business plans etc. is now working for Chip-Con!

The local authorities can of course not look through this, why they have cancelled the report that was the foundation of why Chip-Con got the funding in the first place, and they want a new independent consultant to actually figure out IF Chip-Con is trying to compete with asetek or not.

You guess the result! I think Chip-Con will have to pay the EU funding back, and then there is no Chip-Con to sell Prometeia or to support all the customers buying their products. Competition is good, but it has to be fair".


FT.