Hayes International has affirmed it will continue trading in Australia and Europe despite the company recently ceasing operations in the US.
Nigel Croisdale, Hayes vice president of international operations, claims the company remains intact, autonomous, profitable and solvent. "We have a strong market share in key countries and do not rely on the US for product supply or financing."
Despite these assurances, Croisdale says the company is currently negotiating with a number of unnamed third parties to invest in Hayes International ensuring "a sound and successful future".
Graham Penn, Australasia general manager for research with analyst company IDC, expressed concerns for the future of Hayes in Australia.
"Once you find the parent company has gone, the end is nigh," he said. "Hayes is struggling because there just isn't the market for external modems anymore. Their days are numbered."
Hayes still retains the technology embodied in its modems and remote access devices and intends to maintain its brand name, claim company officials.