adamslim;148192 Wrote: 
> The Squeezebox is always gone to be the one that makes money - it's
> actually somewhat perverse that SD have gone from mass-market to
> upmarket.  One would normally expect a high-end 'proof of concept'
> first, followed by a mass-market product (often better than the
> original), and then, maybe, a new upmarket product.
> 
> I don't want to do SD down, but theirs is a new market, and there are
> several players who will enter it when it becomes more mainstream. 
> They are probably making OK profits now, but they could easily collapse
> in the future to a large entrant with serious resources.
> 
> Getting the resources (of Logitech) on board is the best way to ensure
> that they don't get pushed out of the market that they have created.  I
> assume that they have also looked at the private equity route, and that
> they decided that their future was better with a product partner, not
> just a financial backer.
> 
> Is $20m cheap?  If Arcam bring out a branded audiophile
> Transporter-beater in a year, and Sony a mass-market SB-beater, SD's
> margins will be slim indeed.  For $20m, with a risky future, I'd want
> them to be making $2-3m profit this year or I wouldn't even look at
> their business plan.  I don't know how many SBs are being sold, but I
> doubt their profits are much above that.
> 
> Even if they are making that, this strategic partnership is probably
> the best way to make sure of the future.  It takes a lot to take a
> company from an edgy, techie product to real mainstream, and that is
> what is required for SD - it has the SB, which can do it, but you need
> real resource to take it there.
> 
> So for me, it's hats off to Sean et al.  I think that he has recognised
> that they would rather have a financially secure future, with a smaller
> part of something potentially huge, than to keep on with a real chance
> of being totally squashed by a large player.  It's pragmatism over
> greed, and I respect it from a business perspective.
> 
> Yes I share people's concerns over branding and continued product
> quality, but let's let time tell.  I still feel very positive about
> SD's products' futures.
> 
> Adam

Good Post Adam :)


-- 
Deaf Cat
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