Path: utzoo!attcan!uunet!mailrus!cs.utexas.edu!rutgers!cunixf.cc.columbia.edu!cunixb.cc.columbia.edu!es1
From: es1@cunixb.cc.columbia.edu (Ethan Solomita)
Newsgroups: comp.sys.amiga
Subject: Re: Business Week articles
Message-ID: <1990Jul10.003104.26469@cunixf.cc.columbia.edu>
Date: 10 Jul 90 00:31:04 GMT
References: <3449@crash.cts.com>
Sender: news@cunixf.cc.columbia.edu (The Daily News)
Reply-To: es1@cunixb.cc.columbia.edu (Ethan Solomita)
Organization: Columbia University
Lines: 50

In article <3449@crash.cts.com> seanc@pro-party.cts.com (Sean Cunningham) writes:
>In-Reply-To: message from es1@cunixb.cc.columbia.edu
>
> 
>While you're right about Commodore not being included in this list and in the
>F500 because it's not a US based company, you're wrong about C= not being
>profitable.
> 
>At our last user group meeting, our guest speaker was the district educational
>sales manager for Commodore, based in Dallas.  He comes from NCR and turned
>down IBM to work for Commodore!  He stated that C= is a STRONG company,
>stronger than most people think since they base success on how a company does
>on Wall Street...success there is paper and nothing else.
> 
	Gunda, I guess this is the quote. Now I remember.
	Apparently you misunderstood. Commodore is currently
reporting very low profits, only around $5 million versus about
$45 million for the prior year. Commodore's sales are also down
by almost $80 million/yr. However much of the reason for lower
profits is that Commodore is investing far more money in
development and marketing than they used to.
	This person may have said how strong Commodore is, but
don't forget that he is an EMPLOYEE. I'm not saying that
Commodore is on its way to bankruptcy. According to its numbers
it has a good asset/liability ratio. However it may not be a very
profitable company for 1-3 years. If by that time profitability
isn't getting better it may never improve. Of course, we here
(except Marc Barrett 8) envision a rosy future for the Amiga.



>Sean
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	-- Ethan

Ethan Solomita: es1@cunixb.cc.columbia.edu

"If Commodore had to market sushi they'd call it `raw cold fish'"
		-- The Bandito, inevitably stolen from someone else