Olevia! O-le-via! Hard-hearted harbinger of TVs!
Apparently it’s bad when a company’s stock loses more than 90% of its value within a single year. That’s what happened to Tempe, Arizona-based TV brand Olevia, who you might remember from such stores as “Sam’s Club” and “Costco,” among others.
The Olevia brand was the property of Syntax-Brillian. The company filed for Chapter 11 bankruptcy yesterday and will close down everything except for its digital camera brand, Vivitar, which it’ll sell. There are only eight remaining employees.