Head-Fi.org › Forums › Summit-Fi (High-End Audio) › High-end Audio Forum › Breaking news! Chinese company acquires Stax..
New Posts  All Forums:Forum Nav:

Breaking news! Chinese company acquires Stax.. - Page 3  

post #31 of 330
Quote:
Originally Posted by Smeckles View Post

 

My answer: Yes. (it's both)


Is that your theory, feelings or actual translation?  I should have been more clear, I was trying to confirm what it actually said in Mandarin or whether there was lexical ambiguity in the translation.

 

post #32 of 330
Thread Starter 

http://tech.163.com/digi/11/1209/09/7KQS7HPL00163HE1.html

 

http://tech.sina.com.cn/it/2011-12-09/08316459374.shtml

 

if you can read chinese or use google translate, this is the news from chinese websites.

these are all credible sources

post #33 of 330
Quote:
Originally Posted by Anaxilus View Post




Is that your theory, feelings or actual translation?  I should have been more clear, I was trying to confirm what it actually said in Mandarin or whether there was lexical ambiguity in the translation.

 


My interpretation only.  Not a Mandarin speaker, although typically, press releases like this are very vague, but the translation of the press release makes it seem pretty clear it's an acquisition of 100% of Stax Ltd. by Edifier.

 

edit: for clarity


Edited by Smeckles - 12/8/11 at 10:15pm
post #34 of 330
One of the reasons I went for the Blackbird over the L3 was it is made in the USA, just as as I said previously I went for Stax as it is or was a Japanese company. I think the video I posted really says it all!
post #35 of 330

News announcement from Edifier's website:

http://www.edifier.com/sce2009/news/viewthread.php?ID=1535

post #36 of 330
Quote:
Originally Posted by Jerry_Banana View Post

News announcement from Edifier's website:

http://www.edifier.com/sce2009/news/viewthread.php?ID=1535


Can you give an idea of what it says for us non Chinese speaking or reading please.
post #37 of 330

google translate works wonders.

 

it's that same press release as in the OP, with a history of Stax in the market and specific milestones in the company's timeline.

post #38 of 330

essentially, from google translate, the edifier board and the chinese government have approved the purchase of Stax - it will be a 100% stock acquisition, being paid out entirely in cash.  no leverage, entirely new owners, all old owners bought out.  

 

the release says nothing about their plans for the company.  for obvious reasons, you can't expect them to release any information on the matter until the transaction is complete.  given their nice and VERY long prose on the Stax company history, however, it is clear that edifier plans on keeping the products rolling

post #39 of 330
Quote:
Originally Posted by Smeckles View Post

google translate works wonders.


BS, I have legal interpreters in the family.

 

post #40 of 330
Quote:
Originally Posted by DaveBSC View Post

It could be a lot worse. They could've been bought by Klipsch.



Or more likely just shut down. The fact that they sold for just $15M says a lot about the state of their business...

 

post #41 of 330

all it says is that the company has few physical assets, and does not have remarkable profit margins.  you can't infer anything else from the purchase price alone
 

Quote:
Originally Posted by visualguy View Post



Or more likely just shut down. The fact that they sold for just $15M says a lot about the state of their business...

 



 

post #42 of 330
I am glad I have what I have, I am sorry it just won't hold the same appeal anymore to me, what a shame. A company is more that the sum of it's parts and to me where things are made are part of what they are. Clarkes shoes used to be made near me in Somerset in England, the Clarkes shoes made in China now for all the English branding simply are not the same shoes. I shall vote with my wallet!
post #43 of 330
Quote:
Originally Posted by Anaxilus View Post




Do companies buy other companies to make a loss?  

 



 

 

No, but they can change management and move production offshores for cheaper labor and/or export/import fees and stronger currency of the said country and make a profit while still giving lower prices.

post #44 of 330
Quote:
Originally Posted by Grev View Post

 

No, but they can change management and move production offshores for cheaper labor and/or export/import fees and stronger currency of the said country and make a profit while still giving lower prices.


Keep reading.  tongue_smile.gif

 

post #45 of 330
Quote:
Originally Posted by Anaxilus View Post


Keep reading.  tongue_smile.gif

 



I did and had to input a bit of sarcasm. :P

 

Some people appear to be elitest when it's just an accusition, I don't think they would buy them just to drive them down the ground.  Stop thinking too much.

New Posts  All Forums:Forum Nav:
  Return Home
  Back to Forum: High-end Audio Forum
This thread is locked  
Head-Fi.org › Forums › Summit-Fi (High-End Audio) › High-end Audio Forum › Breaking news! Chinese company acquires Stax..