MPC Computers (formerly MicronPC) has filed for Chapter 11 bankruptcy, and has been delisted from the NYSE. The company struggled since buying Gateway’s Professional Services Unit, which declined in sales as soon as MPC took over. After several tough quarterly losses, its suppliers began to get antsy and cut the company’s credit rating. When a crucial supplier notified MPC that it was discontinuing service because of its inability to pay up, there was no alternative but bankruptcy left.

Executive shout-outs: John “I.P.” Yeros, Curtis “No Pay” Akey, Jeff “Drill-whore” Fillmore

[Idaho Business Review] MPC decline leads to bankruptcy