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Author Topic: Dire financial situation at Gibson?  (Read 28031 times)

doombass

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Re: Dire financial situation at Gibson?
« Reply #105 on: March 02, 2018, 03:51:51 PM »
Just a reply on the modern/classic perspective. No problem for me to modernise. My concern is if Henry really thought the LP Robot guitar -which was the first guitar equipped with robot tuners- was such a success they ought to implement them on almost all guitars? It never struck to me to being such a blockbuster. Henry does'nt get that the proof is in the pudding even when it's on the table in front of him.
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Dave W

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Re: Dire financial situation at Gibson?
« Reply #106 on: March 03, 2018, 10:21:13 AM »
If your modern innovation doesn't sell, don't blame the public for not buying. Henry has never learned that lesson.
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Dave W

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Re: Dire financial situation at Gibson?
« Reply #107 on: March 05, 2018, 10:13:43 AM »
I saw an article yesterday that said Gibson has sold its Baldwin Piano division. AFAIK that hasn't happened yet, they only sold a former Baldwin building in the Nashville area. It's not likely that they could sell the division for anywhere near what they paid.
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Pilgrim

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Re: Dire financial situation at Gibson?
« Reply #108 on: March 05, 2018, 11:02:59 AM »
Quote from: Dave W on March 05, 2018, 10:13:43 AM
I saw an article yesterday that said Gibson has sold its Baldwin Piano division. AFAIK that hasn't happened yet, they only sold a former Baldwin building in the Nashville area. It's not likely that they could sell the division for anywhere near what they paid.

I suspect Gibson is about to find out that applies to a number of subsidiaries, but that won't eliminate the need to sell.
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jumbodbassman

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Re: Dire financial situation at Gibson?
« Reply #109 on: March 05, 2018, 02:04:54 PM »
i just happen to know what he paid for baldwin.   I ( GE Capital)  sold it to him at a bankruptcy court auction..  was around 24M if my memory serves me correctly.   probably worth single digits at this point. 
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TBird1958

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Re: Dire financial situation at Gibson?
« Reply #110 on: March 05, 2018, 06:02:48 PM »
Quote from: jumbodbassman on March 05, 2018, 02:04:54 PM
i just happen to know what he paid for baldwin.   I ( GE Capital)  sold it to him at a bankruptcy court auction..  was around 24M if my memory serves me correctly.   probably worth single digits at this point.


 Whoa!

Buy high, sell low- make it up on volume  :o
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Dave W

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Re: Dire financial situation at Gibson?
« Reply #111 on: March 05, 2018, 07:07:32 PM »
Thanks for that info, Jim.

Gibson paid far more for Philips/Woox and I expect that it will be sold off at a much greater loss.
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Thornton Davis

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Re: Dire financial situation at Gibson?
« Reply #112 on: March 06, 2018, 07:34:19 PM »
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Dave W

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Re: Dire financial situation at Gibson?
« Reply #113 on: March 06, 2018, 08:29:07 PM »
Quote from: Thornton Davis on March 06, 2018, 07:34:19 PM
Henry's gotta go or not dough.

https://www.gearnews.com/gibson-creditors-want-new-ceo-offering-rescue-deal/

TD

Henry with his Fireturd X. How fitting! I remember the big hoopla when he introduced it. He definitely saw himself as another Steve Jobs.
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Pilgrim

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Re: Dire financial situation at Gibson?
« Reply #114 on: March 06, 2018, 09:49:42 PM »
It appears that the wolfpack is closing in.
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uwe

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Re: Dire financial situation at Gibson?
« Reply #115 on: March 07, 2018, 07:15:16 AM »
Who called us for that Nashville Convoy?

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uwe

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Re: Dire financial situation at Gibson?
« Reply #116 on: March 07, 2018, 07:23:37 AM »
I thought the Firebird X was a worthy attempt at innovation - nothing wrong with trying something like that. Just don't bet your company on it.
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Basvarken

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Re: Dire financial situation at Gibson?
« Reply #117 on: March 07, 2018, 07:36:45 AM »
Innovation is necessary.
But the Fireturd X used already outdated technology, and was not well designed at all (for example ugly stickers with function description at every knob...)
« Last Edit: March 07, 2018, 08:21:40 AM by Basvarken »
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patman

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Re: Dire financial situation at Gibson?
« Reply #118 on: March 07, 2018, 07:38:37 AM »
Henry deliberately tried to price his products so that working musicians could not afford them...shot himself in the foot
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Dave W

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Re: Dire financial situation at Gibson?
« Reply #119 on: March 07, 2018, 07:54:36 AM »
Quote from: uwe on March 07, 2018, 07:23:37 AM
I thought the Firebird X was a worthy attempt at innovation - nothing wrong with trying something like that. Just don't bet your company on it.

I don't think it was, but even so, the problem is that he blames everybody but himself. His failures are always the fault of others.
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