dillon@CORY.BERKELEY.EDU (Matt Dillon) (03/04/86)
Well, I don't know about Commodore filing for bankruptcy, but they are definately having problems with their creditors. What's the scoop? (If you are not authorized to say anything, tell us so, but don't give us the 'nothing is wrong' line) -Matt
grr@cbm.UUCP (George Robbins) (03/04/86)
> Well, I don't know about Commodore filing for bankruptcy, but they are > definately having problems with their creditors. > > What's the scoop? (If you are not authorized to say anything, tell us > so, but don't give us the 'nothing is wrong' line) > > -Matt Exactly! This is what these silly disclaimers are all about. A company's non-executive employees are not in a position to make pronouncements about that company's health or business practices. Also, it would be silly to respond to every "the Atari dealer told my friend Joe that CBM was about to go under" rumor. You can get better and more timely information by reading the Wall Street Journal's coverage (generally critical) than from the net. Anyhow, the last press release posted announced that CBM had reaced an agreement with their banks for financing through March 1987. -- George Robbins - now working with, uucp: {ihnp4|seismo|caip}!cbm!grr but no way officially representing arpa: cbm!grr@seismo.css.GOV Commodore, Engineering Department fone: 215-431-9255 (only by moonlite)
mykes@3comvax.UUCP (Mike Schwartz) (03/05/86)
In case you haven't heard, Commodore got its bank loans extended through March of 1987 (according to Inforworld 3/3/86). This means that we can stop worrying about Commodore going bye-bye for a while. It has been said many times before, but with the imminent success of the Amiga PC, the banks would be stupid to do anything to CBM. If the banks tried, CBM would still be in business for a long time under chapter 11 (or is it 13?). Clearly the folks at CBM know a little about what they are doing - they did buy a company called Amiga a while ago. It is unfortunate that Tramiel left CBM in such a shambles when he left. mike