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20 years ago Commodore went bankrupt
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dsgrace
Nov 20, 2012, 7:24:52 PM11/20/12
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They didn't *declare* bankruptcy until 1994 of course
but it was the holiday shopping season of 1992 (which
began exactly twenty years ago this month) that sunk the
company so far into debt they never recovered. Essentially
from that point on Commodore was dead.
In a mid-1993 statement they said that they hoped
that the next Christmas shopping season in Europe
(CBM had by then given up on both the US market
and on the Amiga) would "not be a repeat of last
year's disaster."
It wasn't a repeat . . . it was much, much worse.
but it was the holiday shopping season of 1992 (which
began exactly twenty years ago this month) that sunk the
company so far into debt they never recovered. Essentially
from that point on Commodore was dead.
In a mid-1993 statement they said that they hoped
that the next Christmas shopping season in Europe
(CBM had by then given up on both the US market
and on the Amiga) would "not be a repeat of last
year's disaster."
It wasn't a repeat . . . it was much, much worse.
Ryan P.
Nov 20, 2012, 10:33:19 PM11/20/12
to
when they were 90% complete to start something different... hard to make
production quota's for Christmas when you don't know what you're going
to be producing!
The CD32 really COULD have saved them, but the messed up the marketing
AND didn't have enough product to meet what demand there was.
Sad...
Clocky
Nov 21, 2012, 3:38:16 PM11/21/12
to
produced but not released as C= stopped paying all their bills. Hence we
could still buy these brand new NOS CD32's a couple of years ago.
C= may have died in 1994 but the stench of it's decay was driving developers
away well before then too.
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