#NewTek talks in NYC
14 messages in this thread
Great report! Thanks. The way things are going NewTek might just wind up
owning CBM. Once the stock price hits zero you or I can afford to buy it!
Seriously, the vast majority of Amiga development is video/audio stuff now.
Besides, Kiki sells more Amigas than Irving Gould does. It would be a blessing
if Newtek took over the whole Amiga operation. Any investment bankers belong
to CFONC? — Art
> Kiki sells more Amigas than Irving Gould does <
JEEZ, guys, only in AMERICA, remember? According to David Pleasance
(VP of something-or-other at Commodore UK), C= is putting its marketing
effort into India at the moment, because that nation has a "middle-class
of about 200 million people to go after".
If India's "middle class" really is nearly as large as the entire US
population (and virtually untapped from what I gathered from the article),
is it any wonder we're getting short shrift from Commodore these days?…
Glad I could be of help! The NewTek sales guy seemed to have a piece of
cow dung stuck in his throat every time he mentioned CBM. If we're to go
by appearances, NewTek doesn't want anything to do with CBM except as
their supplier of Toaster-cases.
Miguel ——– AP, AP, and away!
Mybe it's cause CBM will be out of business in the U.S. by December and
NewTek doesn't have an alternative machine to run on and won't be able to
run on PAL Amiga's, possibley the only style that will survive into '94.
wmc – via Autopilot!
CBM won't be out of business in the US by December.
Steve
Maybe chapter 11? From and investment hous report I heard it sounded as
if C international was taking a beating as Europe is going whole hog Intel
all of a sudden, and to cut losses they may jettison Norht American sales
which has always been a big looser. Furhter it reported that CBM had
debts in excess of assets. That is technically a bankruptcy situation.
With their cheif financial officer walking off the job, it doesn't sound
good.
I hope you are right, but my broker is sure giving me a hard time about
not bailing from CBM now (even at considerable loss). I depend on CBM
equipment for a libving and based on the above news, am VERY nervous.
wmc – via Autopilot!
I don't even think it'll go chapter 11. *Something* is going on… CBU
was heavily traded yesterday… It could be the CD32, or something else.
I meant to look at the WSJ yesterday, but forgot, so I'm still looking
around to figure out what caused the rush. I'm crossing my fingers and
hoping that someone gets rid of Mehdi Ali….
Steve
Steve,
While CBU was traded heavily yesterday, that's not the important point.
Someone was BUYING heavily — the stock price rose 3/4. Today it's back
to normal (for the last month) activity and some folks got out of CBU
stock — bringing the the stock price down 3/8s. If this is a serious
attempt at a takeover, it's being done wisely — buy stock in spurts
(small spurts so as not to ring bells at the SEC), let the price settle a
bit by folks wanting out, buy again, start the cycle again. If yesterday
wasn't just an anomaly, you can expect to see more buying spurts (less
than 500k shares) over the next few weeks.
-sja
Very interesting analysis! If it were one of the board of directors of
CBM, don't they have to have to make a disclosure that they're making the
purchase? (A disclosure to the general public, I mean).
Ok…Say it's not someone on the board, and it's not a takeover… What
else could it be? A couple of mutual fund managers playing around with an
undervalued stock? If not, why else would the stock spike like that?
Makes me wonder.
Steve
I hope its not him, Irv and Al buying up stock to cement thier postitions.
Wouldn't it be grate if it was the Amiga User Movement that was getting
all the stock!
I'm not very hopefull. Apparently the MS/Intel juggarnaut is hitting
Europe and I think that unless something happens to Gates/MS that the NT
wave will make life near impossible even for the IBM/Mac coalition. I
don't see how CBM could profit from these times with the short-sighted
managers and marketting that has been their halmark in the past. I hope
some miracle keeps the AMiga line alive.
wmc – via Autopilot!
"CBM will be out of business by December"
What information do you have that allows you to make such an unequivocal
statement?
–Ben
…via AutoPilot
Ben,
If I can butt in here…some guy from CBM was quoted in the Phila Inquirer a
month or so ago as saying that this Christmas is critical to the survival of
Commodore. Perhaps that is where December came from.
———————————————-Don- via Whap!
Could be.
–Ben
…via AutoPilot
See my reply to Steve. Maybe I should have said in Chapter 11 instead.
Here is another troubling sign: Apple is laying off 15% of their workforce
this week. A weak economy and a weak industry do nothing to help a
company that has been weak even in good times. And there is no apparent
end in sight to the mismanagemen and financial rape of the company by
Mssrs. Mehdi and Gould.
wmc – via Autopilot!