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Internet News   Internet News : Seattle Times talks of Amiga Inc. and its assets
   posted by Raffaele on 19-May-2007 13:27:07 (3562 reads)
http://seattletimes.nwsource.com/html/localnews/2003712151_kentarena18m.html

Title of the article:
Quote:

Kent arena's new benefactor has history of troubles

By Cara Solomon and Jim Brunner

Seattle Times staff reporters



Source: Amiganews Germany

Some excerpts:

Quote:
Amiga made an appealing pitch to Kent, a city increasingly focused on economic development. The company plans to bring 237 jobs to town by 2009. And it promised to help create the "most technologically advanced center of its size in the United States" — installing equipment that will let fans use cellphones to order food or see instant replays.

Under the naming-rights deal, Amiga is obligated to pay $10 million over the next 20 years. In exchange, Amiga gets its name emblazoned under the ice, on Zambonis and spread across the score clock — the sort of publicity that suggests a big corporate player.

In announcing the partnership, Kent city officials called Amiga the "third most-recognized brand in Europe" and the "world's premier provider of multimedia enabling technologies."


Quote:
A visit to Amiga's Issaquah offices last week found just McEwen and one other employee in a suite of offices strewn with cardboard boxes and old computers. Although he was introduced by Kent officials as the president of Amiga, McEwen said he is really vice president. He later added that he had recently been named acting president.

Despite the small local operation, McEwen said the company has a total of 79 employees — including 67 in India and a few in New York, New Zealand and England.

The company's Web site sells only a few dozen retro-looking video games, such as a version of the classic "Space Invaders."

McEwen declined to reveal the company's annual revenue or sales figures. The only investor he would name is Amiga's chairman, Finnish-born venture capitalist Pentti Kouri, who operates out of New York.


Quote:
Ben Wolters, Kent's economic-development director, said only time will tell whether the company will be able to follow through. With any startup, he said, there is the risk that products will not materialize or that the business plan will fall flat. But the potential upside, he said, is "tremendous."

"What we're doing with this is betting on their future," Wolters said. "And they're betting on Kent's future."


Enjoy reading this newspaper article.
    

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· More about Internet News
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PosterThread
Nenne 
Re: Seattle Times talks of Amiga Inc. and its assets
Posted on 19-May-2007 17:10:35
#1 ]
Member
Joined: 3-Oct-2003
Posts: 11
From: Sweden

And this is just as fun

Quote:
A string of lawsuits followed, with Amiga ordered to pay the Snoqualmie landlord $147,000 in rent, and two former employees $117,000 in unpaid wages and damages.
...
Business records show Amiga legally shut down its Washington company in 2004. The new company — which McEwen said is legally separate from the old one and not obligated to pay those past debts — is registered as a Delaware corporation with headquarters in New York.
/Quote:

And now there is another court case


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m0lebrain 
Re: Seattle Times talks of Amiga Inc. and its assets
Posted on 19-May-2007 18:09:39
#2 ]
Regular Member
Joined: 21-Apr-2004
Posts: 360
From: South Western PA

Now isn't this nice. I swear McEwen is just in it for the fun...I was just a bit confused hearing that Kent would entrust Amiga to take care of things for them. I just don't see it happening.

Hyperion is a more stable corporation than Amiga ;)


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Moxee 
Re: Seattle Times talks of Amiga Inc. and its assets
Posted on 19-May-2007 21:11:46
#3 ]
Team Member
Joined: 20-Aug-2003
Posts: 6291
From: County Yakima, WA State, USA

I wondered when this would hit the media.

The plot thickens.


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I'd agree with you, but then we'd both be wrong.

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AmigaMac 
Re: Seattle Times talks of Amiga Inc. and its assets
Posted on 20-May-2007 2:11:03
#4 ]
Super Member
Joined: 26-Oct-2002
Posts: 1065
From: 3rd Rock from the Sun!

What basically needs to happen is to get a group of investors to aggressively buyout both Commodore International and Amiga Inc., fuse the two companies back together. Return the company back to its old PA stomping ground; get in bed with Intel, Google, Sun and Adobe and build a quick solution with shared development/business model to mimick Apple's 1997 business model of a simple product line with an iMac like product to start (though instead of an all-in-one design with a monitor, it should be an all-in-one wedge keyboard ala A1200 design) as well as a a workstation class machine and get heavily involved with Newtek to bring back Toaster and Lightwave to the Amiga (maybe even get them to pull the plug in the Windows version eventually if the Amiga market takes off).

The return of the Commodore Amiga could be and would be a success with the right people involved.

Last edited by AmigaMac on 20-May-2007 at 02:13 AM.


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Mrodfr 
Re: Seattle Times talks of Amiga Inc. and its assets
Posted on 20-May-2007 5:19:47
#5 ]
Super Member
Joined: 28-Jan-2007
Posts: 1396
From: French

It's time to go the the ainc location and make report, interview and pictures, for the amiga users who like near this location.

Maybe a bounty for that

Last edited by Mrodfr on 20-May-2007 at 05:20 AM.


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ironfist 
Re: Seattle Times talks of Amiga Inc. and its assets
Posted on 20-May-2007 9:47:03
#6 ]
Cult Member
Joined: 26-Dec-2004
Posts: 770
From: Pegasos.org

Wow! Great article! Finally a critical but objective
and professional view of Amiga Inc.

Thanks Seattle Times for your work.

And by critical, I don't mean negative, but not biased
and sceptical -- just like a journalist should be.

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gary_c 
Re: Seattle Times talks of Amiga Inc. and its assets
Posted on 21-May-2007 5:53:11
#7 ]
Cult Member
Joined: 1-Mar-2004
Posts: 874
From: Chiba, Japan

Consistent with my earlier speculation, the Kent officials simply didn't want to muddy the water as long as the money has been promised. They knew about Amiga, Inc.'s problems but simply echoed the self-praise by McEwen as an accurate description of the company.

Well, there's really no risk to the Kent community. If McEwen once again falls flat on his face, the arena will just go looking for a new naming-rights buyer. I suppose they did what politicians are expected to do.

In the meantime, again the Amiga name goes through a process that does it more harm than good. One has to wonder how Bill McEwen could hope to portray the company as larger than life when a reporter can so easily stop by to check on the sad reality. Business as usual. And again we wait to see what the full impact will be.

-- gary_c


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glittering 
Re: Seattle Times talks of Amiga Inc. and its assets
Posted on 21-May-2007 13:54:28
#8 ]
Regular Member
Joined: 1-May-2007
Posts: 117
From: Manchester UK

Quote:
He declared personal bankruptcy and is still owed about $80,000 from Amiga and McEwen.


That`s what you get for staying aboard a sinking ship, the alarm bells was ringing but you ignored them.

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