Creamware Insolvency announcement - Chapter 11

spoimala · Post by **spoimala** » Thu Jun 05, 2003 8:30 am

http://www.creamware.de/en/Home/news/06_06_03.asp

Sounds scary.

Post by **hubird** » Thu Jun 05, 2003 9:01 am

looks like Noah should sell

Spirit · Post by **Spirit** » Thu Jun 05, 2003 9:13 am

Well, if you believe that the problem was caused by the delay between Noah manufacturing and software implementation then that's not so bad.

But it certainly indicates very slim operating margins.

Let's hope Noah is a success.

mr swim · Post by **mr swim** » Thu Jun 05, 2003 10:36 am

Sounds scarier than they want to let on, if you ask me.

I don't like the sound of it at all - their life hangs in the balance of jerky lawyers - I would never want MY life in that position !

Fingers crossed, people

krizrox · Post by **krizrox** » Thu Jun 05, 2003 11:27 am

Having worked for the past 20 years for Fortune 500 companies, I can tell you that these things sound worse on paper than they usually are in actual life. In most cases, companies come out of these things positioned stronger than ever and with renewed vigor.

The fact that CW has survived this long is a testament to their resolve. Bigger companies have fallen by the wayside or been swallowed up and spit out by competitors, that's for sure.

It takes a considerable amount of working capital to tool up a new design like Noah. Noah looks like a cool product and I'm sure once they get the sales momentum going, they'll do just fine.

snoopy4ever · Post by **snoopy4ever** » Thu Jun 05, 2003 11:29 am

Yes.. fingers crossed indeed..
I really love creamware stuff...as we all do. I guess we should try to contribute more with creamware.., in what way?..well, we can try promote the platform, their benefits...., in other words try to become a more supportive clients base. I'll try to promote CW stuff on my studio website. If you are in the studio business the last you want is competition, but we can say to our customers.."..hey!.. you like my synth stuff?.. well now you can have it instead of owning all this gear..just buy a NOAH!.. and keep coming back to record".

My two cents.

Snoopy

otter · Post by **otter** » Thu Jun 05, 2003 12:48 pm

rumors about takeover by digi again??

ReD_MuZe · Post by **ReD_MuZe** » Thu Jun 05, 2003 1:11 pm

guys may i remind you alessis had the same thing last year becouse of "Andromeda" and they have pulled off successfully!

I'm told that creamwares condition isnt so bad, and that they are pretty confident they can arise the dificulties.

so im optimistic. i know sfp will live on along time from now..

Peace!

Shayne White · Post by **Shayne White** » Thu Jun 05, 2003 5:46 pm

Besides, they said that Noah has been generating "respectable" sales, so I think they'll get back into the black pretty soon. This is a just a temporary procedure.

Shayne

astroman · Post by **astroman** » Thu Jun 05, 2003 8:58 pm

as a 'limited' company they can't be taken over. But hopefully the top Dog doesn't get one of those offers you can't refuse...

One can estimate at least 300k € cost in personal alone per month plus facilities and supplier bills. This can add up significantly in a rather short time.
keeping fingers crossed, Tom

Post by **garyb** » Fri Jun 06, 2003 1:52 am

55 employees.a very small company.the developement of a new synth is expensive.this would be typical,to restructure debt until cash flow improves(they've been spendind lots on tooling and advertising and buying parts,etc.).as long as noah DOES sell at least "respectably"(not too good,not too bad),it's all good and they'll sell some.........at least they acknowledged it and are not trying to hide it.that's a good move.rumours have been flying.

<font size=-1>[ This Message was edited by: garyb on 2003-06-06 02:57 ]</font>

bosone · Post by **bosone** » Fri Jun 06, 2003 2:40 am

this, for me, is a good incentive to buy modular 3 and flexor... i hope to have some money left when flexor will be out...

ReD_MuZe · Post by **ReD_MuZe** » Fri Jun 06, 2003 5:21 am

why is it an insentive for that?
im now recatculating our steps.

Spirit · Post by **Spirit** » Fri Jun 06, 2003 7:12 am

If Flexor is in the CW shop it is part profit for them too, yes ? So CW is helped a little perhaps. But what are you "recalculating" ?

bosone · Post by **bosone** » Fri Jun 06, 2003 7:51 am

On 2003-06-06 06:21, ReD_MuZe wrote:
why is it an insentive for that?
im now recatculating our steps.

i think that if CW is really in debt, his customers should care for it and help by buying something in the online shop... but this is not straightforward, because i (we) don't have a lot of money for music...

ReD_MuZe · Post by **ReD_MuZe** » Fri Jun 06, 2003 9:30 am

thats all i wanted to hear

AndreD · Post by **AndreD** » Fri Jun 06, 2003 9:54 am

http://www.creamware.de/en/Press/press_ ... _06_03.asp

The Z Station · Post by **The Z Station** » Fri Jun 06, 2003 3:06 pm

Now, what does this entale with regards to the next generation DSP cards?

Noah is a great addition to CW's product line and I hope that it will be a good sell.
I hope CW's situation will not further delay improvements to SFP or delay developments to nexgen SCOPE DSPs...

Rooting for CW here...

<font size=-1>[ This Message was edited by: The Z Station on 2003-06-06 16:18 ]</font>

MrV · Post by **MrV** » Sat Jun 07, 2003 6:43 am

Hopefully those recent rave reviews in SOS and Mix(?) Magazines will drum up some healthy sales figures in UK and USA...! MrKnob

Immanuel · Post by **Immanuel** » Sat Jun 07, 2003 1:47 pm

If you are realy nervous about this, it is a good time to go buy the plug-ins you want - while you can - and this way help awoid the object of your fear.