#Hard Drive Compromise
Wayne,
A significant number of CIS members have said NewTek owes current Flyer owners
fair resolution of the hard drive mess. I recall such comments from Michael
Miloff, Hank Teller, Michael McBride, Fred Berney, Jerry Saperstein, yourself
and perhaps a few others. I couldn't agree more.
You are the first to publicly post an idea of what that "fair resolution" might
look like and it looks pretty fair to me. (Thanks for taking the plunge.)
However, those who bought drives direct from NewTek at grossly inflated prices
may have a lot of difficulty only getting "fair market value less
administration fee" for their trade-in's. Seems to me that NewTek's pricing
for drives was completely unfair and needs to be taken into account.
[Aside: I still don't understand why the price gouging on drives. Until then,
NewTek had prided itself on price breakthroughs. It must have been some pretty
serious cash flow problems that led to such bad business decisions, including
inflated pricing for the beta Flyers (wherein pre-order discounts were not
honoured) and premature release of the Flyer.]
At this point in time, I think NewTek will continue to duck the hard drive
issue (if they can) until they've fully explored the extent to which they can
fix the problems with current drives through software. (That's from reading
between the lines in Chuck's recent posts.)
Well, if 4.1solves my stuttering, audio hiccups, chroma soup and image softness
with Standard quality, I could probably live with my 9-gig Seagates. However,
I'm not very optimistic on that front.
After 4.1, I think a lot of us will be looking to drive a hard bargain on hard
drives.
Regards
Mark