Cannondale file for bankruptcy

Discussion in 'Cycling Equipment' started by steve, Jan 27, 2003.

  1. steve

    steve Administrator
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    The story below was posted on cyclingnews.com a few minutes ago.

     
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  2. Mampara

    Mampara New Member

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    NNNOOOOO!!!!!!
     
  3. rek

    rek New Member

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    :(

    Why was it that they branched into the motorsport products in the first place? If I remember correctly, I hear that their bicycle division was quite profitable..
     
  4. ant evans

    ant evans New Member

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    Maybe I'd have treated my little black baby better if I'd known she was going to be a collectors' piece.

    I would like to apologise to her publicly for hauling her through mud, rivers and fences, pedalling hub-deep in cow shit, falling on top of her, using the road to scrape the corners off her, dropping her, squashing her into cars, banging her beautiful tubes against lesser metal objects, using the wrong tools on her, and leaving her out in the rain with strangers around.

    But just in case, I might go out and get another one.

    :-(
     
  5. rek

    rek New Member

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    I don't think the bicycle part of the company is going to disappear -- it's not exactly a no-name brand with little recognition. The press release also says the bicycle half of the business is still a profitable entity, so it'll be worth something to someone.

    It'll probably end up being bought by another company(maybe Trek, they own a lot of bicycle companies, one more wouldn't hurt now would it ;) )
     
  6. rek

    rek New Member

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    FYI, here's a letter from the Cannondale boss to bicycle dealers explaining the situation and how it is going to affect their bike division.

    I found it floating on the internet on a Yahoo group, so make of it what you will.. (ZIPped up Word document)
     
  7. steve

    steve Administrator
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    There you go, thats for posting that :)
     
  8. dhk2

    dhk2 Active Member

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    Welcome to the forums. Were you aware that you were posting to a thread from 2003?
     
  9. cyberlegend1994

    cyberlegend1994 Moderator

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    This thread gets my vote for 'old and moldy thread of the month'...
     
  10. oldbobcat

    oldbobcat Well-Known Member

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    Cannondale has been owned by the Dorel corporation since February 2008. I doubt Cannondale will be going anywhere in the foreseeable future.
     
  11. cyberlegend1994

    cyberlegend1994 Moderator

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    Quote:Originally Posted by dhk2 .



    Welcome to the forums. Were you aware that you were posting to a thread from 2003?




    After giving that post some much-needed scrutiny, I have come to the conclusion that the post in question was a cleverly-disguised attempt at spamming. I have since eradicated the post and wanged the author of that post.

    OK, carry on...
     
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