so whats with evga?

[plat]

It's eerie, though. I just got another email from EVGA proclaiming of Christmas deals at Newegg on power supplies, mice, capture card and a lone rtx 2060 single fan for 180 USD. I got the feeling back in July (when that rumor surfaced) that even if it wasn't true, there must have been something somewhere to trigger it. Too much secrecy.

Although I like the brand, I'm a little leery of the uncertainty. It turns me off even considering purchase of their remaining products.

 

[R-T-B]

Although I like the brand, I'm a little leery of the uncertainty

I'm in the same boat sadly. I think I'd be wary of a future purchase of anything requiring software/bios support, like a mobo.

 

[freeagent]

Yup to me they are dead. Their stock might as well go for e-waste for all I care.

 

[Bill_Bright]

That's a special kind of ruthlessness to lay off toy designers right before Christmas.

It is certainly sad, even tragic, especially for those losing their health insurance benefit. But it is not ruthlessness - its business. What's the alternative? Keep everyone on the books then be unable to pay them for the work they already did? Or pay their insurance, pay their suppliers or overhead? Bankruptcy is not a better solution either.

When I worked at Northrop Grumman IT, I somehow managed to survive 4 rounds of layoffs. I can tell you it was gut-wrenching for the managers to pick which folks (even among themselves) had to go. They were all good employees. But they had no choice. Contracts were expiring and enough new contracts we not coming in. No company can survive without revenue at least equaling expenses. So, like I said, its business.

I don't know how they decided who would go at Hasbro, but at NGIT, several, highly paid upper management people were laid off so they could keep many more lessor paid people on the payroll. And at NGIT, everyone let go got a nice (under the circumstances) severance package.

Hopefully, Hasbro was as nice.

 

[evernessince]

It is certainly sad, even tragic, especially for those losing their health insurance benefit. But it is not ruthlessness - its business. What's the alternative? Keep everyone on the books then be unable to pay them for the work they already did? Or pay their insurance, pay their suppliers or overhead? Bankruptcy is not a better solution either.

Waiting two weeks for the end of the holiday season.

Providing severance pay like most first world countries do (not aware if this was provided or not).

Having social safety nets that work like most 1st world countries do.

Any of the above would be nice, the first one is just a courtesy for the most part as many employees will have a chunk of those days off anyways.

When I worked at Northrop Grumman IT, I somehow managed to survive 4 rounds of layoffs. I can tell you it was gut-wrenching for the managers to pick which folks (even among themselves) had to go. They were all good employees. But they had no choice. Contracts were expiring and enough new contracts we not coming in. No company can survive without revenue at least equaling expenses. So, like I said, its business.

I don't know how they decided who would go at Hasbro, but at NGIT, several, highly paid upper management people were laid off so they could keep many more lessor paid people on the payroll. And at NGIT, everyone let go got a nice (under the circumstances) severance package.

Hopefully, Hasbro was as nice.

Hasbro is not a nice comany. They sent pinkertons to the house of a guy leaking a card image and tried to revise the DnD license in a manner that would have financially obliterated a lot of their partners. Both of these have received significant publicity but particularly the later. As a MTG player, they've been degrading their properties by pushing for profits for awhile now. This is why you see Warhammer, Doctor who, and and LOTR magic the gathering products now, they've essentially fortnite-ified Magic the gathering to prop up their unprofitable businesses elsewhere. They've nearly doubled the release schedule of new sets. They also laid off people a ton of people in the only part of the company that is profitable, Wizards of the Coast. This is why investors are calling for the company to spin off WoTc, a failing toy business should not drag down what is otherwise a very good tabletop, TCG, and interactive games division.

 

[Bill_Bright]

Waiting two weeks for the end of the holiday season.

Providing severance pay like most first world countries do (not aware if this was provided or not).

Having social safety nets that work like most 1st world countries do.

Any of the above would be nice, the first one is just a courtesy for the most part as many employees will have a chunk of those days off anyways.

I'm afraid this is an idealist point of view and no always realistic. Certainly, all that would be nice but one would have to expect a toy company relies heavily on the Christmas season to survive the rest of the year. If holiday sales don't pan out, severance pay and safety nets just might not be possible.

the first one is just a courtesy for the most part as many employees will have a chunk of those days off anyways.

Ummm, no. This is because days off during the holiday are not "free". The employee is either taking paid vacation days, or the company is just eating the time off without getting anything in return (a productive employee) for their money.

The bigger issue, as I see it (and this is across many retail and manufacturing industries) is during COVID, people were buying toys, "home" office supplies, and all sorts of other things while everyone was working from home or doing in-home schooling. Those companies were making HUGE profits. But for some reason, they seemed to expect the pandemic would last forever and those sales would continue forever too. So they forecasted their business to operate at those levels. But when everyone went back to work and school, those sales plummeted - and so did their revenue.

Anyway, we are getting off topic so I'm moving on.

 

[kapone32]

The Founders Edition stayed at MSRP (and kept getting restocked) for the entire life of Ampere.

On mining farms I didnt see a single FE on any of the released pictures, racks were full of partner cards. Nvidia even tried to cap the mining performance to discourage the practice. Given that less than 5% of manufactured cards were FE, but over 70% of sold UK stock was FE cards, I mean do the maths, where were all these partner cards going?

I think it was very telling the mining gimped card was partner cards only, they never put that new chip on FE cards.

Of course on the current gen Nvidia now make bigger margins, FE costs way more now, this in turn has reduced partner's margins as they now paying much more for the chips, combined with a market that has lower demand.

Let's go back to the announcement of the 40 series. At the time ETH had gone POS and GPU mining went from a quasi reason to justify $1500 for a GPU to just plain insane. Well the marketing power of Nvidia was under pressure when the announced the price for the 40 series cards. Even though AMD cards were also juiced at least the 7900XT was $300 cheaper than a 6800XT during mining. That did not stop Youtube though as the 4090 became the only card to use in a high end build. I know I have spent precious energy debating with people why my GPU is not garbage.

Do you understand that it was a given from both Camps that they needed to have a $200-300 GPU for the masses?

It is Nvidia that threw caution to the wind and worship money over everything else.

Now 4090s are a $2500 where I live and the 7900XTX is about $1400. Some of us are blessed with money to make that a non issue but most of us are just trying to enjoy our hobby and have lives and real costs. Just because Nvidia are trying to gentrify the GPU space does not mean that we should excuse it.

I'm afraid this is an idealist point of view and no always realistic. Certainly, all that would be nice but one would have to expect a toy company relies heavily on the Christmas season to survive the rest of the year. If holiday sales don't pan out, severance pay and safety nets just might not be possible.


Ummm, no. This is because days off during the holiday are not "free". The employee is either taking paid vacation days, or the company is just eating the time off without getting anything in return (a productive employee) for their money.

The bigger issue, as I see it (and this is across many retail and manufacturing industries) is during COVID, people were buying toys, "home" office supplies, and all sorts of other things while everyone was working from home or doing in-home schooling. Those companies were making HUGE profits. But for some reason, they seemed to expect the pandemic would last forever and those sales would continue forever too. So they forecasted their business to operate at those levels. But when everyone went back to work and school, those sales plummeted - and so did their revenue.

Anyway, we are getting off topic so I'm moving on.

This is part of the World the Ronald Reagan created. I remember my Mtachbox cars being run over by Cars on a regular basis but my allowance was enough to make that a non issue.

 

[Bill_Bright]

This is part of the World the Ronald Reagan created.

Nonsense. Ever heard of the Great Depression? The New Deal?

Never mind. This thread is now off the rails. I'm outta here.

 

[kapone32]

Nonsense. Ever heard of the Great Depression? The New Deal?

Never mind. This thread is now off the rails. I'm outta here.

It is not off the rails I would love to discuss how those things influenced changes in the PC space to led to what has happened to EVGA.

 

[ir_cow]

EVGA is pretty much dead. There haven't been any bios updates for the new Intel 14th gen on the Z690 and Z790 boards because the engineering team left.

I bought my Z690 classified around the time it was announced that they were exiting their NVIDIA Partnership. It's been a good board so I have no regrets.

Wow. EVGA just pissed off a lot of people. Last update was 3/24/2023 .

 

[Vario]

Wow. EVGA just pissed off a lot of people. Last update was 3/24/2023 .

I believe that the engineering team left with K|NGP|N, which leaves no one left to update the bios. The Z690 and Z790 boards are very well built, it is a shame. I think there was a guy on the EVGA forums that was adding the microcode for the newer processors but it didn't seem to have very good ram performance.

 

[Avro Arrow]

They are dead.

They are not producing new products, most of their products have been retired, and they are not providing any software or firmware updates to any of their products; even for product-breaking bugs or for promised feature updates. People are getting refunds instead of updates or selling on the used market and switching vendors.

Don't be so sure. I thought that Sparkle was dead over ten years ago when they stopped producing GeForce cards:

But then, to my utter shock:

Let's remember that EVGA is a far more capable company than Sparkle ever was so I seriously doubt that EVGA is dead. The truth is that, with these component producers, we consumers probably only see a fraction of their business. I'm sure that a lot of what EVGA produces is on the Data Centre side and so we never see it. I honestly doubt that any AIB partner could survive on their consumer-grade products alone.

 

[iameatingjam]

I've been wondering the same thing because they said they were not shutting down ( but of course they would say that regardless) and yet nothing has been happening, that I am aware of anyway. I mean it would be a shame, hopefully its not a lesson to other companies that good product support = death.

 

[A Computer Guy]

If they aren't going to make AMD cards maybe EVGA could shift to making Matrox cards?

 

[sLowEnd]

If they aren't going to make AMD cards maybe EVGA could shift to making Matrox cards?

Matrox's newest cards aren't really Matrox cards. lol

The D series (D1450, D1480) is Nvidia, the C series (C420, C680,C900) were AMD, and they have some Arc A310/380 cards under their "Luma" product line.

 

[A Computer Guy]

Matrox's newest cards aren't really Matrox cards. lol

The D series (D1450, D1480) is Nvidia, the C series (C420, C680,C900) were AMD, and they have some Arc A310/380 cards under their "Luma" product line.

Oh ok. I thought they were going to go back and make their own chips again. I guess I had bad info.

 

[grammar_phreak]

I still remember the GN and JayZ EVGA exit videos quite well. The last time I checked those videos were at 3 million views. GN's videos are so damned long that people miss the points. (Kinda like the 12VHPWR video) Steve should devote the last couple minutes of his videos for recapping all of his key talking points.

EVGA was at a disadvantage because they were using a 3rd party to manufacture their cards while the Big 3 owns their own manufacturing divisions. In a perfect world, the Big 3 would make a 10% profit while EVGA made a 5% profit off of each card being sold.

EVGA was also not happy about having to compete with Founder's Edition cards and they were not happy about Nvidia's restrictions. Remember the 4GB GTX 600 and 700 series cards? Nvidia put the kibosh on that. Then at the beginning of 2022 when the shortage was easing, Nvidia was still trying to force AIB's to buy large quantities of their GPU packages. Somehow the AIB's got out of that one.

Remember when the RTX 3090ti was on sale for $1200 on amazon and EVGA's website? I heard EVGA was losing money on those cards at that price, while Nvidia was breaking even on their discounted FE 3090ti's. This and EVGA's founder getting old were apparently the final straws.

 

[neko77025]

The owner of EVGA suffers from PRIDE. You have to remember that EVGA is kind of a Young company. Back when they started .. they ask ATI if they could make GPUs .. and ATI was like naw we good. EVGAs owner took that to heart ... I thought a few years back he was ask if they would ever start making amd cards .. he said no (and referred to that)

 

[chrcoluk]

Don't be so sure. I thought that Sparkle was dead over ten years ago when they stopped producing GeForce cards:
View attachment 325791
But then, to my utter shock:

Let's remember that EVGA is a far more capable company than Sparkle ever was so I seriously doubt that EVGA is dead. The truth is that, with these component producers, we consumers probably only see a fraction of their business. I'm sure that a lot of what EVGA produces is on the Data Centre side and so we never see it. I honestly doubt that any AIB partner could survive on their consumer-grade products alone.

True, Antec another one that seemed to die, but then started releasing products again including my current PSU.

 

[ty_ger]

Don't be so sure.

You skipped 3 pages of supporting evidence.

 

[BoggledBeagle]

I think that the owner or his heirs will in the end accept some nice sum for the brand.

He has to pay fees (possibly in at least several countries) to keep the brand name and logo registered. I do not believe that the fees are that high but the legal cost is and it adds up with the number of countries.

 

[Bill_Bright]

You have to remember that EVGA is kind of a Young company.

Ummm, they were founded in 1999. I would not call 24 years in this industry, "young" or even "kind of young".

 

[defaultluser]

from what i remember reading at the time of closure, they have always outsourced production to other oems more than any other big manufacturer

this means margins are way lower for their entire ;product line (and as a result, their low-numbers products like cooling and motherboards don't have any distinguishing features from other re-branders while being overpriced compared to most from china)

once the unexpected massive clearance sales started kicking in for gpus two years back, there was no way for them to continue operations -plus, if you think that AMD would have been viable for them, keep in mind that the AMD market is way more saturated tghasn when xfx made the jump a decade back

 

[Bill_Bright]

from what i remember reading at the time of closure, they have always outsourced production to other oems more than any other manufacturer

This is misleading. Just because something is outsource does NOT mean it is inferior. The truth is, I doubt it is exaggerating to say 99.9% of the products out there are either outsourced completely or use outsources components. For example, they may buy their blank boards from this company, their capacitors from that company, resistors here, coils there, and various ICs from different makers, then assemble them in a 3rd party assembly plant.

What matters is the initial design, and the quality assurance to ensure compliance with that design before the brand's logo is put on the outsourced case.

 

[Shrek]

It's tough to get things right
EVGA 500W Review - Another One (PSU) Bites the Dust (youtube.com)

EVGA still sell this power supply
EVGA - Products - EVGA 500 W1, 80+ WHITE 500W, 3 Year Warranty, Power Supply 100-W1-0500-KR - 100-W1-0500-KR