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In Reply to: RE: Stereophile Parent Emerges from Chaper 11 posted by John Atkinson on June 24, 2009 at 07:13:35
now that your parent company has "reorganized"?
to find new and innovative ways of annoying audiophiles who suffer from irritable bowel syndrome. ;~)
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nt
There is a history, and I was making a general comment. I guess you'd have to be a regular to understand.Enjoy, Rick. No insult intended.....to you, at least.....dickw%%d.
Edits: 06/24/09
> Exactly *what* about S'phile will improve now that your parent company
> has "reorganized"?
I don't know why you put "reorganized" in quotation marks. It was an
arrangement where the banks holding the debt exchanged most of that
debt for ownership. See the General Asylum thread at
http://www.audioasylum.com/cgi/t.mpl?f=general&m=543577 for earlier
discussion of this.
John Atkinson
Editor, Stereophile
I tend to agree with Chris O's last comment in the thread you linked. I put "reorganize" in quotes because your parent company's inability to pay its debt - leading to Chapter 11 and resulting in having a bank owning S'phile and SIM's other assets - does not imply "business_better_than usual" for those assets. Hence my question.Please don't react in a knee-jerk manner, as that self-appointed defender of the hifi industry Bruce did. My original question was not coming from an anti-Sphile agenda, nor am I anti-you.
Edits: 06/24/09 06/24/09
> I put "reorganize" in quotes because your parent company's inability to
> pay its debt - leading to Chapter 11 and resulting in having a bank
> owning S'phile and SIM's other assets - does not imply "business
> _better_ than usual" for those assets.
As I said in the General Asylum thread I linked to elsewhere today, the
reduction of the parent company's debt load from $1.5 billion to $500
million dramatically reduces the pressure on each division to generate
short-term revenue to meet debt repayment obligations regardless of
adverse longer-term effects of that pressure. A manager like myself can
thus return to spending more time looking outward rather than inward, to
spending more time on strategic issues rather than tactical ones. Hence
my use of the phrase "business _better_ than usual."
John Atkinson
Editor, Stereophile
nt
John Atkinson
Editor, Stereophile
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