Everex

Everex ("Ever for Excellence!") is a defunct American manufacturer of desktop and notebook personal computers. It was established in 1983 and headquartered in Fremont, California. The company was founded by Steve Hui, John Lee and Wayne Cheung.[2] In 1988, Everex was the leader in tape backup sales with half of the world market. On January 5, 1993 the company filed for bankruptcy and was purchased by Formosa Plastics Group, hence becoming part of a multinational conglomerate alongside companies like First International Computer, the world's leading motherboard manufacturer.[3][4][5] On December 29, 2006 Everex Systems, Inc filed a voluntary petition for liquidation under Chapter 7, and in June 2008 NewMarket Technology has taken control of Everex.[6][7]

Everex (formerly Everex Systems, Inc.)
TypeSubsidiary of NewMarket Technology, Inc.[1]
IndustryComputer hardware
Diversified Electronics
Founded1983
Headquarters
Fremont, California
,
U.S.
Key people
  • John Lin
  • (General Manager)
  • Paul C. Kim
  • (Director of Marketing)
ProductsNotebook, Desktop, and Ultra Mobile personal computers including the eXplora, IMPACT, StepNote, gPC and CloudBook branded product lines
Websitewww.everex.com

History

In 1983, Everex shipped its first hard drive, tape backup and graphics products. Seven years later, with an ever expanding product line, annual revenues totaled over $436 million and the workforce topped 2,200 employees. In 1985, Everex began shipping personal computers under private labels, such as the popular IBM-AT compatible System 1800. Three years later the STEP computer line launched, introducing cutting edge 286 and 386-based computing to a mass audience. In addition to computer systems, high-performance file servers and a UNIX-based operating system (ESIX), the company produced tape drives, graphics boards, data and fax modems, network boards, memory enhancement and desktop publishing products, controllers for disk and tape drivers, and monitors.

  • 1983 - Everex founded in Fremont, California
  • 1984 - First Everex hard disk drive shipped
  • 1986 - 286-Based STEP line of computers launched
  • 1987 - Everex IPO under NASDAQ "EVRX"
  • 1992 - Discussed a merger with Northgate Computers but these talks failed.[8]
  • 1993 - Everex files for Chapter 11 bankruptcy protection. They sell their Esix brand to James River Group for $210,000 and their storage division to Exabyte for $5.5M.[9]
  • 1993 - Everex purchased by the Formosa Plastics Group
  • 1998 - Everex launches FreeStyle, the world's first Windows CE PDA, but abandoned the line later in the year[10]
  • 2007 - Everex launches its first 17" widescreen Vista notebook [11]
  • 2007 - Everex launches low-cost green PC Impact GC3502 running gOS[12]
  • 2007 - Everex announces plans for sub-$300 Linux notebooks[13]
  • 2008 - Everex launches a series of low cost "green" systems, the CloudBook UMPC, the gBook notebook, and the gPC mini Mac mini-like desktop, all running the Ubuntu-based gOS Linux with the GNOME desktop environment.[14] Everex is later acquired by systems integrator Newmarket Technology.[15]
  • 2009 - The US subsidiary of Everex closes its doors,[16] while the Japanese and Taiwanese subsidiaries seem to remain unaffected.[17]

See also

References
  1. "Company Overview of NewMarket Technology Inc". Bloomberg.
  2. "Everex". IT History Society. 2015-12-15. Retrieved 2020-06-24.
  3. "COMPANY NEWS; EVEREX SYSTEMS, A PC MAKER, FILES FOR BANKRUPTCY". The New York Times. January 5, 1993.
  4. "Everex Systems, Inc. History". FundingUniverse.
  5. "First International Computer, Inc. History". FundingUniverse.
  6. "Everex Systems, Inc.: Private Company Information - Businessweek". Investing.businessweek.com. 2006-12-29. Retrieved 2013-01-08.
  7. "NewMarket Technology, Inc. to Acquire Everex, a Respected Brand Name in Personal Computing Reporting Approximately $60 Million in Revenue in 2007". Marketwired. June 23, 2008.
  8. The New York Times Company News
  9. Everex sells business units in effort to get back in black. Computerworld. 8 February 1993. p. 85. ISSN 0010-4841.
  10. CNET News Everex abandons palm-sized PC line
  11. "EVEREX XT5300T NoteBook AMD Mobile Athlon 64 X2 TK-53(1.70GHz) 17.0" Wide XGA+ 1GB Memory DDR2 667 120GB HDD 5400rpm DVD Super Multi NVIDIA GeForce 8600M GS". Newegg.com. Retrieved 2013-01-08.
  12. "Everex intros $298 green PC with OpenOffice". electronista. 2007-07-18. Archived from the original on 2007-08-20. Retrieved 2007-08-08.
  13. "Everex Readies Sub-$300 Linux Notebooks". pcworld. 2007-11-02. Retrieved 2007-11-08.
  14. http://www.everexgreen.com Everex website for its new "green" systems.
  15. PC World Cloudbook Maker Everex Snapped up by Newmarket
  16. "Everex US folds after Cloudbook fails to find favor". SlashGear. 2009-07-15. Retrieved 2013-01-08.
  17. Everex Taiwan Archived 2009-09-12 at the Wayback Machine
  18. "Notebook-style computing appliance runs Linux". Archived from the original on 2009-02-20.
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