This Story Posted:
October 2nd
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Friday, October 2nd

MacTell Announces $250 Investment For Manufacturing
Top Story [1:01PM] MacTell announced a $250 million investment by Mythos, a South Korean manufacturing concern, yesterday. We took the opportunity to talk to Pat Berry, MacTell’s VP of Marketing, about the new development.

The arrangement with Mythos is more or less a production agreement whereby Mythos will manufacture various MacTell products. According to Mr. Berry, the investment is not an equity investment, but a means of funding the company’s ongoing development efforts for their lines of Mac based accelerator products. "Cash flow is the hardest part of being in the Mac accelerator market and investors typically shy away from Mac-centric developers. This arrangement with Mythos gives us the ability to move ahead and dramatically increase out JIT [just-in-time] inventories." Mr. Berry also cited the success of the iMac and Apple’s improved condition as influencing the Korean company’s decision.

MacTell will not be decreasing the number of products being manufactured by its US based manufacturing facilities, but will use Mythos to meet existing customer demand and to expand its product offerings. By being able to draw on Mythos resources and facilities, doing larger runs [which require lots of capital] for MacTell’s lines of accelerator products will be made much easier than before. In addition, it will either bring a higher profit to MacTell or result in lower costs for consumers, either of which is excellent for the Mac market in general.

MacTell is planning to release a number of new products including a line of SCSI and IDE controllers, an IDE RAID solution, and an entire new line of iMac accessories. The company claims that their upcoming SCSI controllers are 18% faster and 20% less expensive than Adaptec’s own line of industry leading SCSI controllers, and that their new IDE RAID solution will make RAID vastly more affordable than their faster SCSI RAID brethren. At this writing, Webintosh has not verified these claims.

The iMac is also bringing new opportunities to the Austin company as they prepare to release an entire new line of iMac products and accessories. These will include USB devices and devices as well as other products aimed at the iMac market.

The Mac Observer Spin: Mr. Berry also told Webintosh that the investment does not in any way signal a move into the Wintel world, though its new controller line would be cross platform. The company has no plans to introduce new Wintel products and doesn't even plan to market its new controllers to the Wintel world. Many recent investments and agreements with Mac based companies have had had provisions which required the companies to embrace the Wintel world. There are two main factors; both of them mentioned by Mr. Berry during our interview. The first is the rebound of Apple and the success of the iMac. Analysts are predicting up to 1 million iMacs sold by the end of the year and Apple was recently the number three computer manufacturer during August. The 4th quarter of Apple’s fiscal year just ended (September 30th) and it is likely to be a very profitable quarter for Apple and will cap their first full year of profitability in 3 years. The second contributing factor is the continuing Asian financial turmoil that has many Asian companies seeking export opportunities in the US.

In any event, add this accomplishment of MacTell's to the growing list of signs that Apple is back in top form.

MacTell



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