Sealcorp stock to be auctioned

Interest has been expressed in "selected items" of software and hardware from liquidated IT distributor Sealcorp, says David Levin, manager for receiver Richard Agnew.

Interest has been expressed in “selected items” of software and hardware from liquidated IT distributor Sealcorp, says David Levin, manager for receiver Richard Agnew.

Tenders for the stock, which doesn’t include PCs, servers, printers or Microsoft software, closed last week and are being assessed. The company was put into liquidation in July.

“We anticipate there will be an auction of stock not successfully sold by tender,” Levin says.

More than 1000 individual items, most unopened, will be sold to cover as much as possible of the former distributor’s debts, which include a $240,000 bill owed to Novell. The networking software vendor, along with SGI, originally applied to have Sealcorp put into liquidation.

Sealcorp’s parent company, Brocker Technology, offered Novell, SGI and other creditors an informal repayment scheme based on returning unsold goods and selling Sealcorp assets, but Brocker finance head Grant Hope said in July that the scheme would have yielded insufficient funds to cover all Sealcorp’s debts.

Other Sealcorp creditors include Compaq.

Join the newsletter!

Error: Please check your email address.

Tags liquidation

More about Brocker TechnologyCompaqMicrosoftNovellSealcorpSGI AustraliaTechnology

Show Comments

Market Place

[]