Path: utzoo!utgpu!jarvis.csri.toronto.edu!mailrus!csd4.milw.wisc.edu!lll-winken!uunet!snjsn1!bilbo!greg From: greg@bilbo (Greg Wageman) Newsgroups: comp.sys.atari.st Subject: Re: Federated: Dumped by Atari! Shame on you, Atari! Summary: Grow up Message-ID: <750@snjsn1.SJ.ATE.SLB.COM> Date: 16 Mar 89 17:58:36 GMT References: <1308@sdcc15.ucsd.edu> Sender: news@SJ.ATE.SLB.COM Reply-To: greg@sj.ate.slb.com (Greg Wageman) Organization: Schlumberger ATE, San Jose, CA Lines: 50 In article <1308@sdcc15.ucsd.edu> pa1132@sdcc15.UUCP () writes: >According to a Federated employee in El Cajon, CA store, Atari has >seperated itself from Federated. Now Federated is in its own >completely, and is expected to be bankrupted soon. Atari is said to >make "megabucks" by doing this because it can deduct the Federated >loss from tax. Federated is left to die on its own. We should >condemn Atari for its irresponsibility! And if Atari can do this to >Federated employees, nobody knows what Atari can do to Atari >employees in the future! What a strange point of view. You have much to learn about the business world. Businesses exist to make money. Any publicly-held corporation (such as Atari Corp.) has an obligation to make a profit for its stockholders. Atari's management would be grossly negligent if they retained Federated until its cash drain pulled the whole of the corporation into bankruptcy. Is this what you are advocating? That would certainly result in the loss of the jobs of not only Federated employees, but Atari Corp. employees as well, plus the loss of the investments of Atari's stockholders, not to mention the effect on all of the Atari dealers and owners. Furthermore, there is no certainty that "Federated is left to die on its own". It will be sold (if a buyer can be found). The new buyer can inject sufficient cash into the company to keep it afloat, while it rebuilds it from within. The "death" of Federated is by no means certain. I would like to congratulate Atari for making a sound business decision. The only question is, "Why did Atari buy Federated in the first place, when many independent observers said it was a bad deal?" Longish .signature follows. Skip now, or don't complain! Greg Wageman ARPA: greg@sj.ate.slb.com Schlumberger Technologies BIX: gwage 1601 Technology Drive CIS: 74016,352 San Jose, CA 95110-1397 UUCP: ...!uunet!sjsca4!greg (408) 437-5198 ------------------ There's nothing I hate more than a Usenet posting which took three seconds to compose and three minutes to type, glibly dismissing three years (or three decades) of an author's work in three lines. ------------------ Opinions expressed herein are solely the responsibility of the author. (And the author wouldn't have it any other way.)