What’s going on with Apex?
What in the hell is going on over at
Apex? Back in March there were
laudatory articles in the New York Times Magazine about
how they were redefinining the market for low-end electronics with $30 DVD players and incredibly inexpensive
flat-panel CRT televisions, now nine months later it looks like the company is falling apart. Analysts estimate that
Apex’s market presence is down 80%, Sichuan Changhong Electric Company, the biggest television exporter in China and
one of their primary suppliers, says that the company owes them nearly half a billion dollars, and David Ji, Apex’s
president, has reportedly been arrested in the southern Chinese city of Shenzen on fraud charges. Something is
definitely amiss in the House of Apex.