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  1. #1
    Member tivoli_mike's Avatar
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    Cannondale bankrupt

    Not sure if this was posted...

    http://story.news.yahoo.com/news?tmp...e_bankruptcy_2

    Business - Reuters

    Bike Maker Cannondale Files for Ch. 11
    Mon Jan 27, 3:40 PM ET



    BETHEL, Conn. (Reuters) - Bicycle maker Cannondale Corp. (NasdaqNM:BIKE - news) said on Monday it intends to file a voluntary petition for reorganization under Chapter 11, citing problems with its motorsports unit.
    Last edited by tivoli_mike; 01-31-03 at 11:58 AM.

  2. #2
    NCAA - DUAL CHAMPIONS! a2psyklnut's Avatar
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    Yep, do a search!

    Looks like they are just filing Chpt 11, restructuring. Rumor is they will try to sell off the motorsports division and reestablish the cycling division as the stronghold they once were!

    L8R
    "Life is not a journey to the grave with the intention of arriving safely in a pretty and well preserved body, but rather to skid in broadside, thoroughly used up, totally worn out, and loudly proclaiming, "WOW, What a Ride!" - unknown
    "Your Bike Sucks" - Sky Yaeger

  3. #3
    Member tivoli_mike's Avatar
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    From a business perspective, I wonder how they justified the move into motorized sports as a natural addition to their bike business...

  4. #4
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    Originally posted by tivoli_mike
    Not sure if this was posted...

    Last edited by KleinMp99; 01-31-03 at 02:29 PM.

  5. #5
    member Yo MikeOK's Avatar
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    Here's another one: (couldn't find the other thread)

    THE REAL CANNONDALE STORY--JAN 28

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