#Commodore News
01-May-94 18:08:53
Sb: #141969-#Commodore News
Fm: Andrew Carol 71350,3646
To: Herman Stevens 100021,2613
Commodre Intl did _not_ go bankrupt. That is designed to allow the company to
re-issue from the ashes.
They are starting to "liquidate". That means selling everything they can and
paying of the debts. Since the European operations are owned by them, they are
property and must be sold. They don't intend to continue in business.
Of course, some white knight may appear and buy everything and start selling
Amiga's, but I doubt it. Who could have the funds to make the purchase,
re-start producation, erase the bad taste in peoples mouth, and advertise?
The banks woun't allow someone to buy Amiga rights for a song, they want their
loans back!
The quotes of 10,000 or 20,000 units a year are a drop in the bucket. Their
competitors are moving that many machines every few days. Apple sells about
14,000 machines _every_ business day! The peecee market is _much_ bigger. If
Commodre Europe could not hack it, how could they hope to with out risking
millions more dollars?
I just don't see it happening. Could be wrong. Hope I'm wrong. But I doubt
it.
—— Andrew