EK seems to be having major issues

[Dr. Dro]

There is no comparison between EK and EVGA.

There is, both companies have suffered from extreme mismanagement. The singular difference between EK and EVGA is that the latter had no malicious behavior involved. It met its demise due to a lack of interest from controlling stake, and is gradually fading away, EK will follow suit - except in a shameful and dishonorable way - if the corruption in the company continues.

You seem to have a compulsive need to counter me, I know you can be reasonable, this thread showed it

 

[Kapone33]

There is, both companies have suffered from extreme mismanagement. The singular difference between EK and EVGA is that the latter had no malicious behavior involved. It met its demise due to a lack of interest from controlling stake, and is gradually fading away, EK will follow suit - except in a shameful and dishonorable way - if the corruption in the company continues.

You seem to have a compulsive need to counter me, I know you can be reasonable, this thread showed it

You have a very misguided view of why EVGA failed. You are entitled to your opinion though.

 

[Flyordie]

Whistleblowers report to state authorities if the law was broken. When they are unhappy in their job for whatever reason, they quit. When a contractor or supplier is unhappy, for whatever reason, he terminates the contract, and if former employee or contractor feels he is owed something, he sues. END OF STORY.

If I remember correctly, this happened: Contractor Henderson had a dispute with EKWB about comission. They solved the dispute in the new contract he signed. EKWB then payed him according to this contract IN ADVANCE, in the sum of originally disputed commision (which was stupid) and joked about it in poor taste, which was even more stupid. Contractor Henderson got an idea, that he got the disputed commision and wanted the money according to the new contract, which EKWB refused, because they already payed him for this contract in advance. Contractor Herderson then felt upset and started the whole GN video circus. It was a nice gesture from EKWB to pay him in advance, even when they did not have to. Unfortunatelly the execution of this gesture was all wrong and caused some improper expectation in mr. Henderson, which were not according to the contract.

IF contractor Henderson broke the contract he signed somehow, EKWB is in the right to demand the compensation, according to the contract or to the law, if it is above the contract. Or do you think that contracts should not be followed???

That a company has temporary problem with cash flow and delayed payments and needs to solve problems caused by owners or managers is really nothing remarkable. IT IS NORMAL.

When that deranged contractor met Mr. Burke thirsty for drama and video views, everything went south and the company got severely and unjustly damaged.

Wrong decisions leading to making useless or low quality products or products with poor after sale support are justly punished by consumers not buying these products.

Breaking laws and rules is justly punished by state organs.

etc.

Mr. Burke has no authority or right to punish and damage the company at all.

This isn't Steve's fault at all. He reported on the facts. Facts consumers have every right to know about. EK had months to begin work to clean up the mess but instead, dug their hole deeper and it just gave Steve a bigger reason to dig into it. Which led to part 2. If Edvard Konig is serious about saving EKWB... the first thing he should have done is fired all the corrupt s**t that dragged EKWB down. Then begun the process of getting employees paid and talk to suppliers about getting them paid.

Progress towards fixing the problem would have gone a long way at assuring customers that EKWB was good to do business with still. But Edvard chose to go down the dark path.

To close.. corruption is killing or has killed EKWB. Not Steve.

edit- Note- I am still using EKWB gear in my rig. So I am not saying this because I don't like EKWB. I just try to be objective in how I look at things like that. To me- EKWB needs to clean house.

 

[BoggledBeagle]

There is no reason why EKWB should be held to higher standards than all other companies, they are subjected to the same state control and regulation as all other companies.

Every customer, employee, contractor and supplier enjoys the same protection and rights when dealing with EKWB as when dealing with all other companies.

There is no reason why personalities and behaviour of the owners should be judged, when the owners of all other companies are not only not judged, but also not known at all.

EKWB owners and managers can make mistakes as all other people, and while mistakes of concrete physical people of other companies are hidden behind the corporate veil, their mistakes are obvious.

The facts:

Youtube videos by Stephen Burke are grossly unethical according to US SPJ. He did not bother to properly research his first source (former contractor Henderson, who was upset because EKWB refused to pay him the money he was not entitled to according to the contract he signed), he did not bother to give voice to the affected company, etc. You can read the Ethical code of SPJ, think about the significance of the different articles and judge for yourself, what GN violated.

His videos caused major slump of sales and caused huge economic damage to the company.

Correcting the mistakes of the owners and managers of the company because of the decline of revenue became much more difficult or even impossible.

My opinion is, that there was a decent chance of getting the company back on track, but the impact of Burkes attack (it cannot be called reporting or journalism because of so many failures to adhere to many crucial standards of the trade) and decline of revenue complicated things severely.

 

[Haile Selassie]

There is no reason why EKWB should be held to higher standards than all other companies, they are subjected to the same state control and regulation as all other companies.

Every customer, employee, contractor and supplier enjoys the same protection and rights when dealing with EKWB as when dealing with all other companies.

There is no reason why personalilities and behaviour of the owners should be judged, when the owners of all other companies are not only not judged, but also not known at all.

EKWB owners and managers can make mistakes as all other people, and while mistakes of concrete physical people of other companies are hidden behind the corporate veil, their mistakes are obvious.

The facts:

Youtube videos by Stephen Burke are grossly unethical according to US SPJ. He did not bother to properly research his first source (former contractor Henderson, who was upset because EKWB refused to pay him the money he was not entitled to according to the contract he signed), he did not bother to give voice to the affected company, etc. You can read the Ethical code of SPJ, think about the significance of the different articles and judge for yourself, what GN violated.

His videos caused major slump of sales and caused huge economic damage to the company.

Correcting the mistakes of the owners and managers of the company because of the decline of revenue became much more difficult or even impossible.

My opinion is, that there was a decent chance of getting the company back on track, but the impact of Burkes attack (it cannot be called reporting or journalism because of so many failures to adhere to many crucial standards of the trade) and decline of revenue complicated things severely.

Eddy, just stop, the company is dead already.

 

[R0H1T]

I don't know how much GN's videos affected their sales; there's no objective way to quantify it, but Steve does put a sensationalist spin on things ~ that is not journalism to say the least!

I'd rather hear Walter Cronkite than listen to CC raosts of a failed company by a supposed "journalist."

His commentary is way OTP even when it's avoidable.

 

[lexluthermiester]

There is, both companies have suffered from extreme mismanagement.

Not at all. That is true about EK, not about EVGA. EVGA shut down because it's founders wanted out of the crap-show NVidia was running, wanted to retire with grace and dignity and did NOT want to pass their company off to someone else who might only run it into the ground. Andrew Han & Keith Rochford ended the company they gave the majority of their adult lives to on a high note.

Edvard K. and his ilk are doing nothing of the sort. They had a chance to shut down with grace at the beginning of the year. Instead they reacted with pride and ego, jacking over everyone under them in the sloppy process.

EDITED for correctness. Forgot both of the EVGA founders were still involved with the company.

My opinion is

Yup, and you're the only one..

that there was a decent chance of getting the company back on track

No there wasn't. EK was doomed in March. Edvard knows why. End of story.

 

[BoggledBeagle]

Eddy, just stop, the company is dead already.

I think the situation is not appropriate for joking, it is pretty bad and sad. Burke selfishly for his own benefit gravely damaged already struggling company.

I really do not see any benefit for consumers or companies and people who are owed money, if the company goes under. Because they may never see (most of) their money again.

I hope nobody thinks that limiting revenue for struggling company is beneficial in any way.

Yup, and you're the only one..

I am glad that I am not a part of the mob.

 

[lexluthermiester]

Burke selfishly for his own benefit gravely damaged already struggling company.

Quit trying to peddle that nonsense here. No one with more that 12 brain-cells to rub together is buying it.

I am glad that I am not a part of the mob.

We're glad too. Trust us on that one. None of us wants the special brand of wackadoo it takes not to see the real deal.

 

[chrcoluk]

Failing to pay the PR guy was also just blind stupidity, that PR guy would have contacts with the media.

 

[ty_ger]

Not at all. That is true about EK, not about EVGA. EVGA shut down because it's founders wanted out of the crap-show NVidia was running, wanted to retire with grace and dignity and did NOT want to pass their company off to someone else who might only run it into the ground. Andrew Han & Keith Rochford ended the company they gave the majority of their adult lives too on a high note.

Their employees would say otherwise. They were missmanaged the last couple years before the announcement. Andrew Han is known for being a raging child and not listening to his staff. Their staff stopped showing up for work in some locations, stopped accepting RMA packages and customers getting their packages returned, started denying warranties for petty things like superficial scratches on asthetic pieces, started wasting money on pet projects that no one showed interest in buying, stopped refining their products and released generation after generation with the same common problems, and so on.
If you don't think EVGA showed signs of mismanagement, you don't know EVGA.

 

[lexluthermiester]

Their employees would say otherwise. They were missmanaged the last couple years before the announcement. Andrew Han is known for being a raging child and not listening to his staff. Their staff stopped showing up for work in some locations, stopped accepting RMA packages and customers getting their packages returned, started denying warranties for petty things like superficial scratches on asthetic pieces, started wasting money on pet projects that no one showed interest in buying, stopped refining their products and released generation after generation with the same common problems, and so on.
If you don't think EVGA showed signs of mismanagement, you don't know EVGA.

Even if you're right, the situations are still very different.

 

[danc]

Their employees would say otherwise. They were missmanaged the last couple years before the announcement. Andrew Han is known for being a raging child and not listening to his staff. Their staff stopped showing up for work in some locations, stopped accepting RMA packages and customers getting their packages returned, started denying warranties for petty things like superficial scratches on asthetic pieces, started wasting money on pet projects that no one showed interest in buying, stopped refining their products and released generation after generation with the same common problems, and so on.
If you don't think EVGA showed signs of mismanagement, you don't know EVGA.

Gamernexus Steve seems like a close friend of Andrew and Kingpin, it is no wonder why he did not dig deeper in EVGA but keep giving both of them glowing exposure.

There is no reason why EKWB should be held to higher standards than all other companies, they are subjected to the same state control and regulation as all other companies.

Every customer, employee, contractor and supplier enjoys the same protection and rights when dealing with EKWB as when dealing with all other companies.

There is no reason why personalilities and behaviour of the owners should be judged, when the owners of all other companies are not only not judged, but also not known at all.

EKWB owners and managers can make mistakes as all other people, and while mistakes of concrete physical people of other companies are hidden behind the corporate veil, their mistakes are obvious.

The facts:

Youtube videos by Stephen Burke are grossly unethical according to US SPJ. He did not bother to properly research his first source (former contractor Henderson, who was upset because EKWB refused to pay him the money he was not entitled to according to the contract he signed), he did not bother to give voice to the affected company, etc. You can read the Ethical code of SPJ, think about the significance of the different articles and judge for yourself, what GN violated.

His videos caused major slump of sales and caused huge economic damage to the company.

Correcting the mistakes of the owners and managers of the company because of the decline of revenue became much more difficult or even impossible.

My opinion is, that there was a decent chance of getting the company back on track, but the impact of Burkes attack (it cannot be called reporting or journalism because of so many failures to adhere to many crucial standards of the trade) and decline of revenue complicated things severely.

Steve is a great example of cult journalism, only in USA. He is cunning and uenthical after realising how much power and easy money he can make from his youtube followers on pretense he is tech jesus exposing bad corporations. Only that he is very selective and biased with who he chose to attack

He is also very petty to attack LTT over a throwaaway comment that LTT staff made ("hey we will retests all hardware in every new reviews, something even Gamernexus doenst do")

 

[Caring1]

They had a chance to fix things until GN stepped in for clicks and to big note himself again, then mob mentality took over.

 

[Jun]

They had a chance to fix things until GN stepped in for clicks and to big note himself again, then mob mentality took over.

So how long can they get away with not paying their employee and partners? Multiple people are suing them, GN didn't.

 

[A Computer Guy]

His commentary is way OTP even when it's avoidable.

OTP?

My internet slang reference is out of date I don't think it was one of these so I need to add a new one to the list
- one time password
- one time paring
- one trick pony

 

[R0H1T]

Well, it was OTT, but glad I'm not combing OTP's anymore

It's a habit; I just use that word too much. Too many sites, way too many to remember

 

[A Computer Guy]

Well, it was OTT, but glad I'm not combing OTP's anymore

It's a habit; I just use that word too much. Too many sites, way too many to remember

Thanks for the clarification.

 

[Dr. Dro]

You have a very misguided view of why EVGA failed. You are entitled to your opinion though.

Why? Because my view isn't summarized in "Ngreedia bad mmmkay"?

Their employees would say otherwise. They were missmanaged the last couple years before the announcement. Andrew Han is known for being a raging child and not listening to his staff. Their staff stopped showing up for work in some locations, stopped accepting RMA packages and customers getting their packages returned, started denying warranties for petty things like superficial scratches on asthetic pieces, started wasting money on pet projects that no one showed interest in buying, stopped refining their products and released generation after generation with the same common problems, and so on.
If you don't think EVGA showed signs of mismanagement, you don't know EVGA.

Yup, this is what I have been on about.

Even if you're right, the situations are still very different.

Neither of us claimed otherwise, though!

Mismanagement is the common link, except EVGA's wasn't malicious in nature, EK's is.

They had a chance to fix things until GN stepped in for clicks and to big note himself again, then mob mentality took over.

I say they actually have a better chance to fix things now that GN stepped in. If EK (the individual, not company) steps up, takes the blame, and lays out a clear, concise and transparent plan to fix things and make things right to all parties involved, he will earn a massive amount of respect. Some people aren't quick to forgive, but I believe in EK's products and I think they are high quality and worthy of their customers' trust.

 

[lexluthermiester]

Mismanagement is the common link, except EVGA's wasn't malicious in nature, EK's is.

Fair enough.

They had a chance to fix things until GN stepped in for clicks and to big note himself again, then mob mentality took over.

No they didn't. GN's coverage of the situation has done no harm in any way. In fact, it did motivate EK to get a few things settled, just not with their own employees, which was never their plan anyway.

 

[Kapone33]

Why? Because my view isn't summarized in "Ngreedia bad mmmkay"?


No for me their mistake was not doing what Powercolor and XFX did thanks to Nvidia.

 

[Dr. Dro]

AFAIK TUL has never been a major NVIDIA AIB. Their older products under the Diamond Multimedia brand used large variety of chipsets from SiS, S3, Tseng Labs, 3dfx and a lot of brands that are no longer with us today. I believe they sold some RIVA TNT designs in the late 1990's, and have been using ATI and then AMD designs exclusively ever since, none of their PowerColor branded products ever used anything but Radeon designs.

EVGA's founders just decided to retire instead of selling the brand. It's good they want to end in a high note, anyway.

 

[ShrimpBrime]

EKWB CEO Edvard König provides an update on EK’s financial situation and outlines his commitment to securing EK’s future stability. Read more to hear Edvard’s personal message and learn about the strides the company is making to ensure a stable future.

Dear EK Team and Community​

I’m Edvard König, CEO of EKWB, and today I want to personally address an important matter.

First and foremost, I deeply regret the financial challenges we’ve faced and the impact this has had on our employees, partners, and suppliers. The overall industry downturn has additionally worsened our situation, adding to our challenges. I understand the frustration and uncertainty this has caused, and I want to reassure you that we are fully committed to resolving all outstanding payments.

I want to be clear: People have always been the heart of this company. We are working tirelessly to meet our obligations and ensure that every person and partner is paid in full. This is not just about fulfilling a financial commitment—it’s about upholding our integrity and trust with everyone who has been a part of EK’s journey.

I recognize how challenging this has been, and I sincerely appreciate the patience and understanding many of you have shown. While these issues cannot be fixed overnight, we are making substantial progress.

EK remains operational, and we are determined to continue delivering the exceptional quality and innovations we are known for. We are navigating through this tough time, and I firmly believe we are emerging stronger.

To our community: We ask for your continued patience and support as we work through these challenges. Your trust in EK and your confidence in our products are invaluable to us, and your continued support through choosing our products helps us move forward. Let’s stay focused on constructive solutions and avoid speculation that could slow our progress.

I am personally committed to ensuring that EK fulfils all of its obligations and gets back on track. We value your trust, and we will make this right for everyone involved.

Thank you for your continued support and trust in EK.

Sincerely,
Edvard König

September 10, 2024

EKWB CEO Edvard König Addresses Current Situation & Commitment to EK's Future Stability - ekwb.com

EKWB CEO Edvard König provides an update on EK's financial situation and outlines his commitment to securing EK's future stability. Read more to hear Edvard’s personal message and learn about the strides the company is making to ensure a stable future.

www.ekwb.com

 

[Carillon]

September 10, 2024

EKWB CEO Edvard König Addresses Current Situation & Commitment to EK's Future Stability - ekwb.com

EKWB CEO Edvard König provides an update on EK's financial situation and outlines his commitment to securing EK's future stability. Read more to hear Edvard’s personal message and learn about the strides the company is making to ensure a stable future.

www.ekwb.com

That sad emoji at the end convinced me. I'm an aircooling guy, but I'll rooting for you eddy!

 

[dj-electric]

The whole "oopsie poopsie, we're gonna try harder" thing won't work here. This isnt an oopsie daisy, Edvard done some actual damage to people. The company is built on corruption and under the table favors to relatives and friends. This isn't some financial challenges caused purely by bad marketing decisions (well, not exclusively). This is stuff that involves some seriously messed up illegal behavior.

Time to hang it.