CompuServe Messages

#Hard Drive Compromise

    20-May-95 20:42:29
Sb: #Hard Drive Compromise
Fm: Mark Woollard 76073,176
To: Wayne Cole 76370,621
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