Endeavors Technologies to enter into administration

Just two weeks ago virtualization.info reported about the suspension of the Endeavors Technologies share from the London Stock Exchange.

In this timeframe nothing happened so the company management announced the intention to enter into administration:

Notice of intention to appoint administrators

Further to the announcements of 15 and 18 July 2008, the directors of Endeavors plc have concluded that it is necessary for the Company to enter into administration and accordingly have instructed lawyers to file a notice of intention to appoint administrators.

If no potential buyer or venture capital firm will show up, the company will go into administration in five days.

At that point the 25 patents in application virtualization and streaming that Endeavors still hold will become target for expensive bids, the last hope for the company’s investors.