Suresh

There is a fundamental difference between participation in a Joint Venture with a company and owning them


I expect Shefeknackered doesn't really understand it either which is why they appear to be going **** up.

Schefenacker AG extends standstill
agreement with creditors
Schwaikheim (December 15, 2006)

Schefenacker, leading global manufacturer of rear-view mirrors, today extended a standstill agreement reached on 2 November 2006 with its majority EUR 50m revolving and EUR 155m term lenders. Amongst others, the standstill agreement grants a deferral of interest payments.


http://www.schefenacker-ir.com/e_con...6-12-15_01.htm

Bubba po

One day they'll look back at all this and laugh.

mart360

thats old hat, they were doing that when was there, and i left them 18 months ago.

he bought the company and agreed to pay back a stupid amount of money in about 5 years. there was no way it could be done,

still they've
manged to survive, which is more than can be said for Rover

when i was there there was no indication of a joint venture, it was always known that we were sole manufacturer of Bose products (auto)

Mart

mart360

droll very droll


Mart

Suresh

So their restructuring didn't work last time then. Press release for the latest attempted restructuring is 15-Dec-06. Shame they are not publically listed as money could be made with a short position.


A supplier then

mart360

Didnt say we wernt suppliers, thats what we did.

Schafencker isnt daft, by keeping the company unlisted, he control,s all of it.

his money is elsewhere,
Mart

Suresh

Yes. The banks have it!

Hoppy

Sorry to get back on topic, but I would be very wary of importing electrical good from the US, especially after you get clobbered ffor duty and VAT, and then it doesn't work.

And while I was looking at these i-Pod docking/speaker things (big range in John Lewis) the Bose was good, but not the best to my ears. Nor the sales guy's. Ugly bugger, too (not the sales guy ). Best one was much smaller and squarish - sorry can't remember the brand - and less than half the price.

Richard.

mad_dr

I think the important thing to remember is that acoustics are completely personal and subjective. There's no such thing as "the best sounding". There's only "the best sounding to me"...

Some people might think the Bose sounds crap because their hearing is on the way out. Other people might think the Bose sounds great... Because their hearing is on the way out...

Solution for other iPod-speakers prospective buyers: Listen to them for yourself and ignore what anyone else says!

Phil

A friend has one and it sounds perfect for my ears

As for the states its coming back via a personal source as a gift so no tax and VAT

If it doesn't work then it will be used by that source in the states

Phil

Phil

Well it arrived today

Looked at the little black box and it had 100~240 Volts

So I thought what the hell

found a twin power lead cable and plugged it in






WAS THERE SMOKE


WAS THERE A BIG BANG



NOPE






Works fine without any adapter at all

and over half the price of the UK version

Suresh

Nobody likes a happy ending (except you)

Phil