CompuServe Messages

"if there isn't some massive cover-up high in the organization that they don't want getting out" Unlikely. As a publicly held company, Commodore's books must be certified annually. The opinion letters to date from the CPA's seem to accurately reflect the dangers facing Commodore. Gould is a very tough operator. He's been around for a long, long time and has been quite successful. There's no reason to file a Chapter 11 petition as long as the banks and other secured creditors can be kept at bay. These people know the score real well: if Commodore files a Chapter 11, the secured creditors lose a lot of leverage and the opportunity for a larger recovery. The more pressing question for Gould and company is what to do next. I would imagine that searching for the next hit product would be their first impulse, although they haven't succeeded in that regard for many years. Licensing or selling some technology would be next in line, hoping for a substantial long-term cash flow. I'm sure that there are also plans well underway to shrink the company substantially and be content as a niche player until the next mega-hit wanders into their hands. The reality is that Commodore has basically blown its chances in the computer market and probably won't survive in anywhere near its former size. Jerry