#FIGHT BACK!
2 messages in this thread
>>The trustees have only obligations are to terminate the business affairs of
Commodore according to the law and to realize as much money as they can for the
creditors from the sale of the former Commodore's assets.
I notice that there is nothing in this statement about the viability of any
attempt to form a new business using the liquidated technology. It looks like
current liquidation practice doesn't account for the speed with which
electronic technology changes and is therefore not responsive enough to the
rate of obselecence. It would be interesting to compare this situation with
other liquidations involving computer tech. If the government feels it's
desireable to salvage technology from corporate bankruptcy, maybe the law needs
some rework.
Personally, I'd like to shuck my Amiga ASAP. Amigas!? We don't need no
stinking Amigas!
Bruce
"I notice that there is nothing in this statement about the viability of any
attempt to form a new business using the liquidated technology. It looks like
current liquidation practice doesn't account for the speed with which
electronic technology changes and is therefore not responsive enough to the
rate of obselecence. It would be interesting to compare this situation with
other liquidations involving computer tech."
Except for taxes and export control issues, the government has absolutely no
role to play in a liquidation.
The trustees don't care what happens to the technology. All they're concerned
with is realizing the highest possible amount of money for the creditors and
winding up the affairs of the corporation to the letter of the law. Beyond
that, they don't give a hoot.
"Personally, I'd like to shuck my Amiga ASAP"
If you've got an A4000 in clean condition, let me know. I'm looking for one
or two more to keep as spares.
Jerry