Jobo, Digital Frame Maker, Enters Insolvency
You may be familiar with Jobo's photoGPS units, photo scanners or darkroom products. More likely though, you've seen Jobo picture frames. The most recently released - the Nano series - was particularly impressive.
Things are looking grim for the German company though, as they've been declared insolvent. No longer able to pay their debts, insolvency proceedings have been initiated and a provisional liquidator has been assigned.
Insolvency doesn't always mean the end of a company. According to modern practices, it can often act more like a restructuring. No matter the outcome though, things are looking pretty bleak for Jobo.