Hyperion bankrupt?

[Matt_H]

Aww, I liked the car talk in this thread. It was a nice way to break up the monotony of the usual tin foil hat conspiracy stuff that usually comes up when talking Amiga-related business arrangements

It bears repeating: bankruptcy does not necessarily equal out of business. For instance, Kodak recently declared bankruptcy, restructured, and came out of it. RadioShack just declared bankruptcy and is attempting to restructure (whether they'll be successful remains to be seen) but for the moment their day-to-day operations are proceeding normally. Commodore filed under s different part of the US bankruptcy code and went straight to liquidation.

There's so much speculation flying around, but I'm leaning towards this being an administrative mix up. For Kodak, RadioShack, and Commodore, the writing was on the wall for months or years before the bankruptcy. We haven't seen that here  with Hyperion - and remember they just launched a new product which would have required cash on hand to manufacture. We know that OS4 revenues are minuscule and any "normal" business would have gone bust long ago. The fact that they've held on this long suggests to me that they are a very non-traditionally structured business with very low overhead. (We know that virtually all OS4 development is by volunteers.) An administrative error in those circumstances seems very possible.

[Matt_H]

Actually the writings have been on the wall for quite some time, it's just that some refused to look.

Is it, though? Like I said, they have to be a tiny, unconventional shop or they would have been toast long ago. They're privately held and they've got to be independently financed as well.

Hey one might even argue that this outcome was predictable form day one and only the massive delay is thze suprise....

Fair point, but why now, all of a sudden?

As for Hyperion having just launched a product...... perfect time to go after outstanding debts (either directly or via a court).

Ah, so someone might be using the bankruptcy court as a debt collection agency. That doesn't necessarily mean they're broke, just that they're not paying someone/something. Whether that's deliberate or accidental is unclear for now.



@ thread

I notice a number of posts stating "the court declared it, it must be so!"
To which I ask: are you suggesting governmental agencies  are always correct and never make mistakes that they must later reverse? Come on, I'm a pro-big-government elitist northern liberal and I know that's nonsense!

Remember, all we're doing is speculating. Let's save the definitive statements for later, shall we?

[Matt_H]

Radio Shack is closing thousands of stores.  The ones near me have already closed.  The ones that are remaining open are being bought by Sprint, although they're going to brand them Sprint-Radio Shack.  That's the most recent I've heard.  Sucks, but they haven't sold anything of interest to me there in years.  Just would drop in for the occasional cable if I needed it "right away" for a job.  

Well, my point was that the company as a whole is not going straight to liquidation. Not sure what has happened/will happen to the ones near me.  But yes, very much agreed that they're great for acquiring "right away" parts. For an amateur like me who doesn't understand all the nuances of part numbers of online vendors (who often don't have detailed pictures either) being able to examine a part in person at RadioShack is very handy.