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%% CSM Responds! by Paul D. Hoskins %%
%% an374@yfn.ysu.edu %%
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I just got off the phone with Mike Levin of the Commodore ShareHolders
Movement!! Don't go throwing out those Amiga Computers yet!!
Mike said to let you all know that there is hope!! On Monday (4-4-94),
the CSM will be going to a meeting with the major creditors. These
creditors are either going to liquidate Commodore or restructure it and
take over management to make it a "going" concern. If they dump
everything, then the money they have invested is basicly lost....the
company is not worth that much on the auction block! But if they go
ahead and restructure...then the debts can not only be paid off...but
money can be made!! So the decision...while not made yet...is fairly
clear. Cut your loses now and lose what you've got invested, or take a
chance and start with a fresh look in charge! What would you do?? Since
we are talking millions of dollars lost...I think they'll take the second
option!
One of the reasons that CSM has been called in is that they have a person
that is not only ABLE to take the reins of day to day operations....but is
WILLING!! He is wiling to put his own reputation on the line to do what
needs to be done to make C= the money making company that we all know it
can be! His resume has been sitting on Gould's desk for quite a while now
and there has been no real objection to his qualifacation. The major
stumbling block to date has been that the position that he needs to fill
is ALREADY filled! With a restructuring...that position will be filled
by a person of the creditors choice! When this happens, the lines of
communication between C= and the Commodore ShareHolders Movement are
already in place. This person has the ability to move C= into the
mainstream by doing the things that we, as users, already know need to be
done. Mainly Marketing, Production, Research and Developement! Doing the
first to first...Marketing to let people know that there is a great
product to be had...and Production to make sure that the product is there
when they want to bt...allows that last...R&D...to take place at a clip
that is consistant with the pace of todays users.
One of the first thing that will be done is a......
Amiga Developers Summit meeting!!
This will be a meeting with the "big boys" of the Amiga....NewTek...GVP...
go ahead, name some more....they're all invited!! This meeting will be
the turning point in the focus of the company! Discussions which will
point the way to the future with the support of the companies that are
firmly behind the Amiga and her many users!
Mike also want to apologise to those that have had trouble reaching him
in the past few weeks. He's started a new job and has been absorbed in
it. The CSM has not lost it's appeal to him...it's just that his InterNet
Account is in Philadelphia and his "home base" is now in Virginia. This
makes the "casual" conversation via E-Mail a costly proposition. More
infomation will be forthcoming as soon as possible.
Stay Tuned, Boys and Girls....Round 2 is just beginning!!!