From: Steven_Hurdle@amusers.UUCP (Steven Hurdle)
Newsgroups: comp.sys.amiga.advocacy
Subject: Re: C= Financial Results
Distribution: world
Date: 30 Aug 92 00:22:45 PST
Organization: The Amiga Users Group of Victoria BC

In a message dated Sat 22 Aug 92  2:54, Edmondse@woods.ulowell.edu wrote:
 E> In article <1992Aug20.062944.4276@usl.edu>, das9674@usl.edu
 E> (Stephenson Daniel A) writes:
> In article <torrie.714291031@Xenon.Stanford.EDU> torrie@cs.stanford.edu
(Evan Torrie) writes:
>>  I guess MB hasn't read the news today; otherwise he'd be posting.
>>
>>  Just to summarise, Commodore's stock dropped around 25% today
>>to $6.785 after reporting a loss of $21.9 million for the 
>>4th quarter of 92.  Revenues were $140.7 million for the quarter, 
>>and $911 million for the year (down from $1.05 billion in 1991).
> 
> I noticed this too.  And you know C= knew about this for a while.
> Perhaps that spurred the A3000T'040?

 E> Commodore is going to continue to slide unless they take bold action,
 E> i.e.
 E> spend some of the executives high salaries on R&D, software, and
 E> Advertising.
 E> As you all are painfully aware word of the Amiga and its virtues just
 E> isn't
 E> getting around in a way that makes people want to buy the machine.

 E> As a famous ex-ploitician once said, this is paraphased but accurate
 E> in its
 E> message "In this world there are lions and tigers and rabbits....". C=
 E> is a
 E> rabbit.

 E> The guys running C= appear to be paralyzed similar to the way a small
 E> furry
 E> animal is paralyzed by a cars headlights seconds before impact.

 E> Have a nice day.

 E> Eric Edmonds
 E> UMASS at Lowell
 E> Dept of Nuclear Engineering

I think everyone's missing the key point here.  Sure, Commodore lost some
this last quarter.  Did it not occur to everyone that we're in a worldwide
recession???  Up until now, Commodore had been the only manufacturer who
WASN'T losing money.  Apple and IBM, overall, have been hit very hard. 
Most clone makers as well, especially ones like Compaq.  Also, Amiga sales
have remained fairly solid and stable, with the C64 and Commodore Beamer
clones taking the bite in the sales department.  Commodore's stock will
rebound when the A4000 is officially shipping, I'd wager (in fact, the
recent announcement that the A4000 officially exists may impact Commodore's
stock in itself).  But if Commodore can't pull out a profitable quarter
each time during a world recession, and one where most computer makers are
losing money, I'm not surprised.  Once the economy finally gets going, and
the new models start shipping, then we should see things turn around.  *IF*
(and I guess this is a big "if") the AA ChipSet lives up to the more
optimistic expectations, then we should see longer-term stability of the
stock as that'll prove to the world that Commodore's commitment to hardware
upgrades truly HAS improved along with Commodore's newfound commitment to
OS-development and service improvement (I think we're all agreed that 2.0x
is very impressive and that Commodore Gold Service is a great improvement
over the customer-service of old).


Steven Hurdle, The Swindler (my pseudo does not reflect my personality! :)
  all replies public as I don't have netmail access on this system (no one
  here does, regretfully).

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