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JTS initially planned to focus on very small form-factor drives for laptops, but the majority of the products it released were standard 3.5-inch form factor hard drives. These drives were very cheap and offered 5400 RPM spindles, similar to its contemporaries, but the drives were known for poor performance and workmanship; produced in a factory in India, failure rates were very high and quality was hit-or-miss (good drives were very good, still running after 5 years, whereas bad drives almost always failed within a few weeks). Because of their low-tier reputation, JTS drives were rare in brand-name PCs and most frequently turned up in home-built and whitebox PCs.
On February 13, 1996, JTS merged with video game producer Atari. It was primarily a marriage of convenience. JTS had products but little cashflow. Atari had money, primarily from a series of successful lawsuits earlier in the decade followed by good investments, but with its Jaguar console struggling in the marketplace, losses mounting, and no other products to sell, Atari expected to run out of money within two years. While JTS announced plans to continue both brands, within a few weeks of the merger becoming official on July 30, 1996, the majority of former Atari employees were dismissed and Atari's remaining inventory was sold to liquidators.
Even with the cash infusion from Atari, JTS quickly ran out of money. On February 23February 23 is the 54th day of the year in the Gregorian Calendar. There are 311 days remaining, 312 in leap years. Events 1455 Traditional date for the publication of the Gutenberg Bible, the first Western book printed from movable type. 1574 The 5th hol, 19981998 was a common year starting on Thursday (see link for calendar), and was designated the International Year of the Ocean''. Events January January 1998 A massive ice storm, caused by El Nino, strikes New England, southern Ontario and Quebec, resulting, JTS sold the Atari name and intellectual property to Hasbro InteractiveHasbro Interactive was a video game production and publishing subsidiary of Hasbro, the game and toy giant. Hasbro Interactive was formed late in 1995 in order to compete in the computer and video game arena. Several Hasbro properties, such as Monopoly an for $5 million in cash. Later that year, on December 11December 11 is the 345th day (346th in leap years) of the year in the Gregorian calendar. There are 20 days remaining. Events 1205 John Grey, Bishop of Norwich, elected Archbishop of Canterbury 1792 King Louis XVI of France goes on trial for treason 1816, JTS filed for Chapter 11See also: Chapter 11 Bookstore, a retail chain of bookstores. Chapter 11 is a part of the US bankruptcy code. When a troubled business decides that it is unable to service its debt or pay its creditors, it can file (or be forced by its creditors to file) bankruptcyBankruptcy is a legally declared inability or impairment of ability of an individual or organisation to pay their creditors. A declared state of bankruptcy can be requested or initiated by the bankrupt individual or organisation, or it can be requested by, converting to involuntary Chapter 7Liquidation under a Chapter 7 filing is the most common form of bankruptcy in the United States. Businesses filing Chapter 7 When a troubled business is badly in debt and unable to service that debt or pay its creditors, it may file (or be forced by its c on February 28February 28 is the 59th day of the year in the Gregorian Calendar. There are 306 days remaining, 307 in leap years. Events 364 Valentinian I is elevated as Roman Emperor. 1258 Hulagu Khan sacks Baghdad 1700 February 28 is followed by March 1 in Sweden, th, 1999.