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  1. #1

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    Unhappy Ultimate Electronics Files Bankruptcy

    http://www.dealerscope.com/doc/283069187652702.bsp

    Hate to hear this...Not nessicarly about Ultimate, but the fact DT is having problems ;)

    I find it interesting Bose, Infinity AND Klipsch< KEF, Yamaha, etc also owed money...funny
    Last edited by VR3; 04-29-2005 at 03:04 PM.
    www.Vr3Mods.com ///// www.Version3Audio.com

    "No, that's silly talk. Dude, you can't possibly be this audio dumb so quit the act." - Doro

  2. #2

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    Default

    Amazing how powerful that cable company is, and how in debt UE is to them.

    My favorite lawyer:

    "We hope Ultimate has a future ahead of it," says Dave Tognotti, general counsel of Monster Cable, Ultimate's largest creditor with a $10.86 million claim

  3. #3

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    That sucks man. I the only time Ive ever been in one was when I went to Texas back in March.

    I thought the showroom was outstanding. Better than any Tweeter or Circuit City Id been in. The sales staff was friendly and quite knowledgable.

    Its sad when a fine, high end store like that goes under while Best Buy continues on its way to ruling the world.
    polkaudio sound quality competitor since 2005
    MECA SQ Rookie of the Year 06 ~ MECA State Champ 06,07,08,11 ~ MECA World Finals 2nd place 06,07,08,09
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    polkaudio SR6500 --- polkaudio MM1040 x2 -- Pioneer P99 -- Rockford Fosgate P1000X5D

  4. #4

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    that's the way the entire electronics industry is going though. It's all about price. People don't give a damn about quality or how it will improve their lifestyle. It's about price. Period. If you take an LSi9 and put it next to an Infinity Primus 150 bookshelf ($900/pr vs. $180/pr)... you'll sell 95% Infinity. Why do you think HTiB's became so damn popular.
    Never kick a fresh turd on a hot day.

    Home Setup: Sony VPL-VW85 Projo, 92" Stewart Firehawk, Pioneer Elite SC-65, PS3, RTi12 fronts, CSi5, FXi6 rears, RTi6 surround backs, RTi4 height, MFW-15 Subwoofer.

    Car Setup: OEM Radio, RF 360.2v2, Polk SR6500 quad amped off 4 Xtant 1.1 100w mono amps, Xtant 6.1 to run an eD 13av.2, all Stinger wiring and Raammat deadener.

  5. #5

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    to some people sound is sound....ignorance is bliss

  6. #6

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    Some people just dont care. My wife wouldnt know the difference between a Focal Grande Utopia and a GE clock radio.

    In a way I wish I was like that. Id have a lot more money right now and wouldnt be up to my eyeballs in debt. :(
    polkaudio sound quality competitor since 2005
    MECA SQ Rookie of the Year 06 ~ MECA State Champ 06,07,08,11 ~ MECA World Finals 2nd place 06,07,08,09
    08 Car Audio Nationals 1st ~ 07 N Georgia Nationals 1st ~ 06 Carl Casper Nationals 1st ~ USACi 05 Southeast AutumnFest 1st

    polkaudio SR6500 --- polkaudio MM1040 x2 -- Pioneer P99 -- Rockford Fosgate P1000X5D

  7. #7

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    Default Mean ole' Monster!

    It looks as if Monster "put" them into BK. They total over 40% of the listed companies in the article. According to the debts at hand its as though people spent almost as much on Monster Cable alone as all other electronic purchases combined.






    It is interesting to note that Monster undoubtedly has the loosest collection practices since they allowed 10 times as much debt as the next electronics company.
    HT
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