CompuServe Messages

#FIGHT BACK!

    07-Mar-95 22:39:06
Sb: #187791-#FIGHT BACK!
Fm: Alex Baker 75606,563
To: Jon Byk 76625,756
Jon, If you really want to apply pressure, you'd best start with the creditors. The trustees are there to get the highest dollar for the creditors. None of these people are Forrest Gump. Do you really think that the salability of the Amiga as a continuing concern is only apparent to the people here on Compuserve? Out of all the articles in newspapers and magazines, and surely the documents files by Amiga International and CEI, some mention of deterioration over time, of the value of the technology has been mentioned. The creditors and trustee may well feel that a higher return may be realized by parting C= out, as opposed to selling the assets as a whole. The name of the computer company escapes me at the moment, however they patented the game cartridge and certain animation technology. The company recently won a judgement against Nintendo for patent infringement to the tune of over $100 million. The kicker is, that the company went broke over 10 years ago, and is still in the hands of the trustees. In this particular case, which is surely and isolated one, more money was to be had by not selling the assets. I doubt any such future windfall would be available from lawsuits over the Amiga technology, however C= is not the first computer company to go broke. (Nor is it likely to be the last.) Lawyers love precident, and surely they have looked at past liquidations and are well aware of the rate at which technolgy depreciates. Possibly they are better informed than we. Lastly there is money to be made in loosing money. A really good write off is sometimes more valuable than getting back a few cents on the dollar. All of that doesn't help us, but then again they owe us nothing. We gave our money, and got a computer. They loaned theirs, and were not repaid, so they foreclosed and now C= is theirs. If they can make more money by not selling C= and taking the write off, then that is what they owe to their share holders to do. No matter how negatively it affects us.