CompuServe Messages

Chris, Since the US CD32s is already at the distributors, my guess is that this announcement will have no effect. It was obvious to the real investor that Commodore was going to have another bad quarter when their report was so late. If I was trying to avoid bankrupcy what I would do is try to scare my creditors into thinking they had better re-negotiate the loans. Chances of them getting anywhere near their money back is slim to none if Commodore was forced to liquidate. There just isn't enough assets to cover all of the money they owe. Remember Commodore did not go into bankrupcy proceedings. The real question is 'why?' Bankrupcy laws are designed to protect the business and the investors of the business. The fact is that Medhi Ali and Irving Gould want to maintain control of the company–the last thing they'll want to do is go into Chapter 11. CD32 here in the US is poised to succeed >IF< Commodore can get distribution and >IF< Commodore can get titles that they need. It is a good machine at the right time. Nobody owns the CD-based entertaimnet system here in the US. I don't think Sega Genesis counts either. If Commodore could get some monitors and some A1200 produced they could have an excellent quarter. There are large back orders of both at the distributors. So lets not write 'em off yet ok? (grin) -mark= Otto Pilot Engaged..