CEI Update
17-Sep-94 00:51:58
Sb: #164155-CEI Update
Fm: Dominick J. Fontana 74766,2154
To: Eulogio (DJ) Garcia 74471,23
Eulogio,
It's not that the Liquidators don't care about the Amiga's future, per
se. They have a fiduciary obligation to get the most money for the
creditors when they sell the assets. They don't particulary care how much
money the purchaser garners from the assets after acquiring them. If they
can get more money for the creditors by selling the Amiga technology in
pieces or selling the assets too late for the Christmas season, they will
do that, as rightfully they should. Their obligation is to the creditors
and not to Amiga owners. They would be breaching their fiduciary duties to
the creditors if they acted otherwise.
However, if not selling the Amiga technology right away, so that Amigas
can be sold in time for the Christmas season, means that the value of that
technology will decrease, and that future bids will be lower, then they
will try to sell it right away. So they might be tangentially concerned
with the Amiga's future, in that the value of the Amiga technology is
worth more to a purchaser if they can acquire that technology in time for
the Christmas season, rather than after it.
On AP from Queens, the class and elegance of the Big Apple