Path: utzoo!utgpu!jarvis.csri.toronto.edu!rutgers!gatech!udel!rochester!rit!tropix!ur-valhalla!uhura.cc.rochester.edu!sunybcs!boulder!ncar!mailrus!sharkey!oxtrap!mudos!mju
From: mju@mudos.ann-arbor.mi.us (Marc Unangst)
Newsgroups: comp.sys.ibm.pc
Subject: Re: Miniscribe going out of business?
Message-ID: <558.24C400A2@mudos.ann-arbor.mi.us>
Date: 15 Aug 89 16:09:11 GMT
Organization: A neat desk is a sign of a crazy person.
Lines: 33

A few weeks ago, I posted an article asking whether or not Miniscribe
was going to go belly-up soon.  I have received one mailed reply so
far, and it seems to sum it up:

---cut here---
From: mdfreed%ziebmef@mailrus.UUCP (Mark Freedman)
To:   mju@mudos.ann-arbor.mi.us
Date: Sun, 16 Jul 89 09:44:22 EDT


    There was an item in some of the financial papers a while ago stating that
Miniscribe had overstated profits for several quarters (a combination of 
policies which encouraged questionable accounting practices). I don't recall
anything indicating major losses, just profits which were significantly lower
than first stated.
    I believe I may have read about problems with a particular model but, in
general, I have the impression that Miniscribe drives have a good reputation.
    If the ARE in trouble, I imagine it's a combination of  1) competition
2)  rumours that Miniscribe is going out of business.
     Thanks for doing your part :-)

---cut here---

As you can see, it appears that Miniscribe is going to stay around for a
while...Sorry for spreading rumors.


--  
Marc Unangst
UUCP smart    : mju@mudos.ann-arbor.mi.us
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