AW: [HCDX] Grundig

["Manfred Reiff" <mrreiff@xxxxxxxxxx>]

Hello again,

yes, Andy, that's right!

According to german law declaring bancruptcy to an Inferior Court is the
FIRST step to try to rescue a company from destruction. After declaration
the court appoints a trustee of bancruptcy (in german "Insolvenzverwalter").
It is his primary task to find a company willing to take-over business and
hopefully preserve as many jobs as possible and to organize a company's
financial situation. He will have many talks to creditors ... A tough
business!

After Philips retired from business with Grundig the management was seeking
for prospective customers - at last with Beko. As you know - without
success. Some companies may speculate on a better deal. It's like seasonal
sale.

Declaring bancruptcy does not mean the end of "Grundig". It may take a long
time until this may happen or - hopefully - will not happen. Now, time is
running out for Grundig ... I think Beko will make it within the next two or
three months.

I begann by DXing "career" with Grundig receivers like Grundig 2000, 2100,
500 and 600. There ist still one Satellit 600 working ...


Best wishes from Wuppertal
vy 55 + 73

Manfred Reiff
@home: mrreiff@xxxxxxxxxx --- kwn@xxxxxxxx
(Editor of "Shortwave-News" and "News from the Middle East" of the EAWRC)
-----------------------------------------------------------
Member of ADDX, EAWRC and WWDXC
-----------------------------------------------------------
All times in UTC, all frequencies in kHz
Receiver:  AOR AR-7030plus / Antenna Tuner YAESU FRT-7700
QTH:       Wuppertal-Cronenberg  51°12'23" N / 07°07'44"E


-----Ursprüngliche Nachricht-----
Von: hard-core-dx-bounces@xxxxxxxxxxxxxxxx
[mailto:hard-core-dx-bounces@xxxxxxxxxxxxxxxx]Im Auftrag von Andy
Sennitt
Gesendet: Dienstag, 15. April 2003 19:33
An: Hard-Core-Dx@Hard-Core-Dx. Com
Betreff: FW: [HCDX] Grundig


Before we write their obituary, some sources are reporting that Grundig are
still talking to potential buyers, but don't want to disclose who at this
stage. I've also read that one of them is the Turkish company Beko, which is
reported to have renewed its interest in Grundig after it announced it was
filing for bankruptcy. I assume they think they'll get a better deal now. So
maybe we haven't seen the last of this famous brand...

Andy Sennitt



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