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Ampeg news......
- Thread starter Jerrold Tiers
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Yes it was a typo.
Way cool, this is very good news.
btw, I don’t know if you saw this post (rumor/slander?) or not in another TB thread but I think you should see it so you can rebut the statement if you want.
Just to be clear - Loud Tech didn’t file for bankruptcy - right?
Way cool, this is very good news.
btw, I don’t know if you saw this post (rumor/slander?) or not in another TB thread but I think you should see it so you can rebut the statement if you want.
Just to be clear - Loud Tech didn’t file for bankruptcy - right?
Yes it was a typo.
Way cool, this is very good news.
btw, I dont know if you saw this post (rumor/slander?) or not in another TB thread but I think you should see it so you can rebut the statement if you want.
Just to be clear - Loud Tech didnt file for bankruptcy - right?
A few years back we delisted from NASDAQ, but that was several years ago. LOUD is doing much, much better. All of the Heritage and Portaflex stuff happened after that all went down. No, LOUD has not declared bankruptcy. Investment in new products and technology are higher than they have been in years. Take a look at Mackie, another LOUD brand, who has just released a seriously innovative live sound mixer with another super innovative product line being announced later this year. LOUD is strong and dedicated to investment in product development.
This whole thing reminds me of the line from Pulp Fiction: "When you little scamps get together, you're worse than a sewing circle." Just a joke, of course. But, everything is good over here and there is nothing happening that will negatively change the course of Ampeg.
Good luck to you and here's to hoping new Ampeg products perform as reliably as the older ones have.
Awesome - this is great news, and thanks for all the great equipment, AmpegUSA Rocks - keep up the good work.
first off, glad to here everything is good at Ampeg. It's a classic American brand and has a proud history, and many enthusiastic(!) supporters here on TB, who will defend the brand with their last breath.
second, I was quite interested to see your post above, along with your title of Social Network Manager, Loud Technologies (Ampeg) - it's good when MIM reps show up here and speak directly to the TB members, builds a sense of connection beyond just owning/gigging the gear - and it generates goodwill for the brand.
BUT - this comment:
was very ill conceived (the "just a joke" tag not withstanding.)
TB members are very engaged in a large range of bass related subjects. If you have been here very long (I did not check), you would know that while us "little scamps" may not represent all bass players everywhere, we do represent a very broad, engaged (generally polite) and committed community of players with a broad degree of experience.
So, really, we care about this kind of stuff (like the OT re: Pyotr and his departure from Loud/Ampeg), because we know that he had more than a tiny role in changing the past, questionable, direction of the company and its products, and there is a legitimate question about whether his departure signals something about Loud/Ampeg, that bass players who make a point to care about the details, might want to know.
So, as I said above, I'm glad to hear all is great at Ampeg, and there are other great folks there keeping the good stuff coming our way, but maybe, while you are doing your job waving the Loud Ampeg flag (which we understand you get paid to do), you might consider showing a little more respect here, keeping in mind the old adage about catching more flies with honey ... etc.
thanks
There was a good deal of talk about Loud filing bankruptcy and being delisted from the NASDAQ on Talk Bass a while back. At the time iwas able to search quite a bit about it on the web. It appears some of that stuff is hard to find right now. I de see a good bit of information from SEC filings concerning Loud which is all Greek to me. I have removed my quoted post entirely from the thread it was in.
In the spirit of quoting someone from another thread let's take a look at this one.
In the spirit of quoting someone from another thread let's take a look at this one.
And just scale Bob's answer down for combos
The price drops were long overdue, BTW. Moving to Asia and charging the same prices as US gear was a very bad move on LOUD's part. And yes, while they are bankrupt, they're trying to re-organize and get back on the good foot. They fired all the idiots who ran LOUD before, and they have a new crew of idiots in place who actually seem to know what they're doing. In any event, I don't think Ampeg's ever in danger of being out of business. It's such a marketable name with bassists that it could even survive being owned by LOUD.
There was a good deal of talk about Loud filing bankruptcy and being delisted from the NASDAQ on Talk Bass a while back. At the time iwas able to search quite a bit about it on the web. It appears some of that stuff is hard to find right now. I de see a good bit of information from SEC filings concerning Loud which is all Greek to me. I have removed my quoted post entirely from the thread it was in.
In the spirit of quoting someone from another thread let's take a look at this one.
Red Planet - I only quoted your post because when I read it, it caught my attention and when I saw this thread it reminded me of it so I thought this was the best time to find out - and thanks to AmpegUSA and you now we know for sure LOUD has not declared bankruptcy. Thanks.
sure, until its something that you care about, or think is important, and then it's not so much of a joke. I've seen it happen on the board Joe.
condescension from a manufacturer rep is not a good idea, no matter what the brand is. Just check out all the posts and responses from the Genz crew, and then consider how highly regarded they are here on TB.
Some of us are feeling awfully important, aren't we?The man said it was a joke.
gosh JD, did not take you long did it ?
For the record I did not say Loud did not declare bankruptcy. After being acused of slander I removed my post.
The alleged Bankruptcy filing was several years ago. Not sure if the the Social Media guy even worked there at the time. At the time there was quite a bit of information available about it but it seems to have vanished. Call me a skeptic.
I wish Ampeg the absolute best of everything. I do not want to come across as being somehow against Ampeg/Loud.
I do think they have unleashed some very bad quality on some folks. Hopefully they will get it under control at some point. I'm not seeing it under control at this point as there seems to be the same issues popping up and unsuspecting bystanders like our fellow TB'er that got stuck with a known bad design after buying what he thought was an "Ampeg" and finding out it was really a turd that got uloaded on him.
I doubt LOUD is "raking it in."
http://www.stockhouse.com/financialtools/sn_overview.aspx?qm_symbol=LTEC
With a negative EPS. a share price that lost about 97% of its value in 3 years, and a market cap less than some people's mortgages, this is a company facing serious problems.
GT
John D said:Some of us are feeling awfully important, aren't we?
Couldn't agree more too.
Is this the right room for an argument?
Who knows the details surrounding his departure.... At my company ($6B high tech) execs get whacked or quit all the time. The reasons and/or details are never disclosed unless you are in the know.
The usual "We wish (insert name here) all the best in their future endeavors" or "(insert name here) has decided to leave the business to explore other opportunities" doesn't really tell you much.
People get sick, want to take time off, quit, get whacked (I like "removed from the business"), check into rehab, open a flower shop, etc.
Ampeg likely won't shut down tomorrow over losing a single employee.... Regardless of how important they were.
P.s. HP is in the process of laying off 27,000 people.... They aren't going under any time soon either.
The usual "We wish (insert name here) all the best in their future endeavors" or "(insert name here) has decided to leave the business to explore other opportunities" doesn't really tell you much.
People get sick, want to take time off, quit, get whacked (I like "removed from the business"), check into rehab, open a flower shop, etc.
Ampeg likely won't shut down tomorrow over losing a single employee.... Regardless of how important they were.
P.s. HP is in the process of laying off 27,000 people.... They aren't going under any time soon either.
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