NTE Electronics Gone Tits Up? - Page 1
Forum section: electronics / general

author: BlownUpCapacitor
author_rank: Frequent Contributor
timestamp: August 26, 2024, 07:21:20 am
content: So I've heard that NTE has laid off all their staff and they nuked their website and shut down all phone lines.Thought I might bring this to the forum.Sources:https://audiokarma.org/forums/index.php?threads/nte-going-down.1049175/https://groups.io/g/TekScopes/topic/ot_another_one_bites_the/108096904There isn't a whole lot of information about this. Probably because it's quite recent.It's not much, perhaps this is all a hoax, but if this is true, wow.Surprised there isn't a thread on the EEVBlog about this as far as I know.Update: Seems to be confirmedhttps://vetco.net/blog/is-nte-going-out-of-business-the-current-state-of-new-tone-electronics-nte/2024-09-11-14-39-26-0700

author: watchmaker
author_rank: Unknown
timestamp: August 26, 2024, 12:20:37 pm
content: Quote from: BlownUpCapacitor on August 26, 2024, 07:21:20 amNuts! Just checked. NTE QuickCross link to PDF is dead and the website returns 404. Hopefully someone just forgot to pay the site fees. Back to the paper book for now.

author: fzabkar
author_rank: Super Contributor
timestamp: August 27, 2024, 04:08:58 am
content: I was trying to access their site 2 days ago. This explains the crickets. Thanks.

author: floobydust
author_rank: Super Contributor
timestamp: August 27, 2024, 04:54:18 am
content: Their website has been dead for many days. I did not know the business cratered. DigiKey, Arrow just 404's those product pages as well.Their big through-hole resistors, top quality Taiwan manufacturer. Would like to know their name.ECG Sylvania was the source for semi's in consumer electronics - TV's, stereo etc.Just crazy busy back to the 1980's I worked for a distributor selling them. You could not keep enough in stock, only source for Asian IC's.The markup was just too high. then reverse-lookup books came out, showing the original part which people instead would order. Why buy an NTE159 when a 2N3906 is 1/10 the price. I think the times changed.

author: coppercone2
author_rank: Super Contributor
timestamp: August 27, 2024, 05:09:15 am
content: I like their high power metal oxide resistors!

author: SiliconWizard
author_rank: Super Contributor
timestamp: August 27, 2024, 05:16:50 am
content: Whatever happened, it looks quite sudden.

author: coppercone2
author_rank: Super Contributor
timestamp: August 27, 2024, 06:11:36 am
content: I wonder if the leadership is on the caymen islands under assumed names

author: floobydust
author_rank: Super Contributor
timestamp: August 27, 2024, 04:45:48 pm
content: Bill Horstmann of NTE Electronics, Inc. also withElectro-Brand Consultants LLCbut I could not make sense of the value there. Electro-brand might own NTE.For NTE to get wiped from distributors means there was warning they were closing down.Their pricing was Radio-Shack level on too many items.

author: watchmaker
author_rank: Unknown
timestamp: August 28, 2024, 11:39:12 am
content: Also explains why I found NTE lots of mixed value components NIP with prices stickers for under 1/5 the retail price. Cog caps, transistors mostly, but someone knew. I would expect a flood just like RS.7750I loaded up on material when this happened in the 1990s with mechanical watches; SwatchUSA was throwing brand new 7750 movements into dumpsters.

author: Electronicos Caldas
author_rank: Newbie
timestamp: August 30, 2024, 11:47:52 pm
content: Message from NTE employees:" 𝗔𝗳𝘁𝗲𝗿 𝟰𝟬+ 𝗬𝗲𝗮𝗿𝘀 𝗼𝗳 𝗘𝘅𝗰𝗲𝗹𝗹𝗲𝗻𝗰𝗲, 𝗔 𝗦𝗶𝗻𝗰𝗲𝗿𝗲 𝗡𝗼𝘁𝗲 𝘁𝗼 𝗢𝘂𝗿 𝗖𝗼𝗺𝗺𝘂𝗻𝗶𝘁𝘆For more than 40 years, NTE Electronics Inc thrived with quality products, off-the-shelf delivery, and remarkable growth, earning respect across the industry while maintaining profitability under strong leadership. It is with great sadness that we announce the closure of NTE Electronics Inc. Following the sale of the company in late 2022, the new ownership's negligence and mismanagement in the past two years has resulted in financial difficulties, forcing the company to cease operations.We are deeply grateful to our dedicated employees, loyal customers, suppliers, representatives, and partners who have supported NTE Electronics Inc. for over four decades. It has been a privilege to serve you, and we sincerely apologize for any complications and disappointment we may have caused during these challenging times.Thank you for your trust and continued support. "Source:https://www.linkedin.com/company/nte-electronics-inc

author: nctnico
author_rank: Super Contributor
timestamp: August 31, 2024, 12:31:19 am
content: That sounds like a disgruntled employee venting on the company's Linkedin account

author: Bud
author_rank: Super Contributor
timestamp: August 31, 2024, 02:31:50 am
content: Who it was sold to?

author: floobydust
author_rank: Super Contributor
timestamp: September 04, 2024, 08:34:49 pm
content: Have to wonder - sinking a business can be an MBA strategic move. Take out the max for loans, party and steer the ship for the rocks... it happened to Maplin, Dick Smith.The money is sucked out of the company on purpose, grandiose wages for the exec's and their friends.I have also seen where the (parts) inventory is massively overvalued. The business gets sold for a good price and new owners quickly learn there is no cash flow for a mysterious reason. I worked for an electronic parts distributor with that problem. Shelves filled with old, oddball parts nobody wanted and "book" retail price was used to value the inventory way too high.So the parts did not sell despite their millions $ of "worth". That distributor went bankrupt twice. Took me a while to figure out why the business was failing.

author: Radio Shack 1
author_rank: Newbie
timestamp: November 10, 2024, 05:03:16 pm
content: I have NTE cross reference on CD, version 11. Thinking that it's from early 2000, maybe 2004. Not sure if they put out a later one or not. Certainly wouldn't be up to date for newer components, but I think I can squeak by. A lot of stuff I work on is older equipment anyway.