He'd have to have a looooooot of 7 cent shares to afford a Porsche.

He'd have to have a looooooot of 7 cent shares to afford a Porsche.

Well, that depends on where he's doing his shopping, dunnit?

I sure do like that Porsche about halfway down (#BB3040) that looks like it was designed by Pininfarina.

Heh. "Woops".

Yeah I'd have to agree with your comments on D & M.
They seem to understand the specialist high-end market, which has complex functionality and good product design

This is not totally unexpected - SB had to make repayments of debt this month and obviously couldn't make that hence Chapter 11.

The 2 big questions are:

(1) will this deal proceed? - D&M said they maybuy the company, and that "discussions are still continuing".

(2) will D&M "get" MP3 playback (only) devices - which is after all what Rio [and empeg] was all about. They don't do ATRACS or any other stuff - its mp3 [yeah they do WMA, but no-one I know uses that format if they can use mp3 due to license/digital rights issues].

Those two issues aside, it may be that this outcome turns out to be the *BEST* thing to happen to the guys - if the deal proceeds and they let products like the Pearl continue to be developed.

They also know how to market and dsitribute product worldwide - something SB seemed to have trouble understanding.

I'm sure with a little help from D&M marketing, the Pearl could now seriously become the next iPod - e.g. small, upmarket device, that sells well to those who appreciate the product and software design, and will pay a reasonable premium for it].

I guess the PVP [Personal video Player] device SB were developing with Intel may not see the light of day.

Glad to hear that you guys are going to be ok in all of this.

Don't options vest immedietly when the company is bought or goes IPO??

The trick being that (I think) shareholders are last on the list to be paid under Chapter 11 and that share price drops to $0.00. So, 20,000 shares at $0.00 equals....

Complete speculation, but D/M might not have agreed -- may not agree -- to a buy-out unless Chapter 11 is part of the deal --- take other SB liabilities off the table.

Now I'll never get a Central.

The trick being that (I think) shareholders are last on the list to be paid under Chapter 11 and that share price drops to $0.00. So, 20,000 shares at $0.00 equals....

That's correct. During Chapter 11, equity stock is basically worthless. I found out the hard way too. I bought $4k of stock during a company IPO, when *all* the 'independant' merchant bank analysts covering the stock rated it at a 'strong buy'. We were also given some stock options at the IPO price. Surprise, surprise, the price sank from day 1, and was never worth it's IPO price again. From an IPO price of $11, it sank to under $1, did a 5x reverse split to get back to about $4, but kept going down. Finally Chapter 11 ensued, and the stock now sits at about 7 cents. Split adjusted, that's going from $11 to 1.2 cents.

Strangely enough, I now have no confidence in 'independant' analysts. I also have very little confidence in the stock market in general. Given the large number of accounting 'discrepancies' that keep cropping up, I'd have more faith in making a return on investment if I gave my local beggar $4k.

I'm fully aware that 'stock values may go down as well as up', but when 'independant' analysts who are 'professionals' and highly paid to give 'accurate' independant analyses manage to get it so wrong, I can't help but feel that the stock market is little more than an arena for legalised robbery.

And what's with this week? The DJ is up 8% on the week, it's biggest weekly gain in over 20 years. I don't understand.

I'm fully aware that 'stock values may go down as well as up', but when 'independant' analysts who are 'professionals' and highly paid to give 'accurate' independant analyses manage to get it so wrong, I can't help but feel that the stock market is little more than an arena for legalised robbery.

Correction... Legalized gambling. Some win, some lose.

Glad to hear that you guys are going to be ok in all of this.

With the proven skills and track records that our guys@empeg have demonstrated, I think there is very little chance that any of them will ever have to worry about keeping food in their belly and a roof over their heads. And once you get past that point, everything else is a bonus.

tanstaafl.

And what's with this week? The DJ is up 8% on the week, it's biggest weekly gain in over 20 years. I don't understand.

Stock markets hate uncertainty. Before last week, no one knew whether the war with Iraq would be this week, this month or in 6 months time.

Once France came out and rejected the "6 key tests", it was clear that there would be no 2nd UN resolution and that the US (and probably UK) would go to war within the next 14 days. Suddenly, the markets could predict the future with a lot more certainty - more confidence so indices rise.

So I assume, this is going to delay the release of any future player released, such as 2.0 finla and the 3.0 beta that we have been teased with.

No.

well that was a firm answer wooohoooo

If anything, I'd see this push the release of 2.00 final.

Marantz has gone down the route of the xiva standard same as the imerge, yet their product is better.
I'd have loved to see them build something with an empeg interface.

Greetings!

Another article from CNNfn about SonicBlue and "Big Media".