landon@Apple.COM (Landon Dyer) (11/16/89)
From article <24088@cup.portal.com>, by Bob_BobR_Retelle@cup.portal.com: > Er... read up on your Atari Inc/Atari Corp history... Jack Tramiel obtained > control of the Atari company with VERY LITTLE cash outlay... essentially > he took over control of a bankrupt division of Warner Communications and > sold off the existing warehouse stock at a fraction of its list price value > to raise cash... he then used that cash to finance the debut of the ST onto > the marketplace. Alleged by Leonard Tramiel several years ago (and paraphrased): CASH? The Warner deal was closed with Jack's American Express card (it was a friday in New York, and it was after five...). The Warner Atari wasn't precisely _bankrupt_ -- that's a technical (legal) term. Rather, it was simply hemmoraging cash; IMHO it wouldn't have survived another month or two without SOME kind of drastic intervention. In Warner's shoes, with losses to the tune of a million bucks a day, I'd want to be rid of it *fast* -- wouldn't you? :-) -- ----------------------------------------- "Mmmph! Urghurmph! Grugmph!" Landon Dyer, Apple Computer, Inc. "What's he trying to say?" Development Systems Group (MPW / DSG) "I dunno -- there's a lawyer NOT THE VIEWS OF APPLE COMPUTER crammed in his mouth."