|Onkyo America NOT Onkyo USA Files for Bankruptcy|
|Home Theater News Industry-Trade News|
|Written by Scott Selter|
|Thursday, 10 January 2002|
Onkyo America – NOT Onkyo USA – Files for Bankruptcy
Onkyo USA, manufacturers of affordable home theater equipment, is alive and well despite confusing news reports. A completely different company, Onkyo America, is filing bankruptcy according to The Saint Petersburg Times. Onkyo USA was bought from Onkyo Corporation Japan many years ago. Onkyo America was an OEM manufacturer of car audio speakers and now will be reorganizing.
Adding fuel to the fire is the fact that Onkyo USA will not be at CES in a formal role. Historically over the past 8 years, Onkyo has not exhibited at CES. At most they will display off site. Onkyo is scheduled to exhibit at CEDIA 2002 and the Hi-Fi Show in New York later this year.