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Author Topic: Amiga Inc auctioning off office and computers?  (Read 21387 times)

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Offline Ilwrath

Re: Amiga Inc auctioning off office and computers?
« on: May 16, 2003, 04:36:15 AM »
It's all very zen... they must now cast off their material possessions in this transition into the promised 11th chapter....  errr.....  hahaha!

Man...  one really does have to wonder what the banquet at the show will consist of.  I wish it were a bit more central US.  I wouldn't mind driving there, but it just isn't worth the price of the airline/hotel for me.
 

Offline Ilwrath

Re: Amiga Inc auctioning off office and computers?
« Reply #1 on: May 16, 2003, 04:40:01 AM »
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I feel pity for those losing their jobs, the IT market sucks lemme tell you what.


Very true.... though from the sound of it, they hadn't actually been paying anyone in a while, so I guess they were essentially out of work for a while, already.  :-(   From the human side, bankruptcies do suck.
 

Offline Ilwrath

Re: Amiga Inc auctioning off office and computers?
« Reply #2 on: May 16, 2003, 05:00:44 AM »
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Certainly, I'm sure they do... Normally it's to get rid of 10 year old equipment, or to close down a particular operation (such as when a company has many plants).


I think that's mostly the case here... Unfortunatly, I think that was the only equipment and operation they had, though.  ;-)

I don't think it's actually a foreclosure, though.  (Wouldn't that need to be disclosed?)  Just a reduction of.... well....  all material assets.  Most likely in a closing of shop, or a reduction of weight and bills with a last hope for a new buyer for the bits of IP of it. (Microsoft scoops Amiga Anywhere, and Hyperion gets OS4? -- probably what they're hoping for)  Then close shop and go home.