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This topic comprises 2 pages: 1 2
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Author
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Topic: Ballantyne/Strong In Financial trouble??
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Aaron Sisemore
Flaming Ribs beat Reeses Peanut Butter Cups any day!
Posts: 3061
From: Rockwall TX USA
Registered: Sep 1999
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posted 11-29-2000 10:28 PM
I have heard from two sources today that Ballantyne Of Omaha is in serious financial trouble, partly from collateral damage of the Regal bankruptcy situation. I also have heard that they are focusing more attention to their Flavor-Crisp division and may even sell off/spin off some or all of their cinema products division(s) to generate more capital. Anyone else know more about this development? Pat?? Aaron
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John Pytlak
Film God
Posts: 9987
From: Rochester, NY 14650-1922
Registered: Jan 2000
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posted 11-30-2000 12:06 PM
Hopefully the recent downturn in US theatre growth will be more than compensated for by rapid (but better planned) growth in the number of screens overseas. Ballantyne/Strong has a large stake in this overseas growth, and I know that Pat Moore has a pretty full passport from all his travels.Now is an excellent time for theatres who were more prudent in their expansion plans to upgrade their projection and sound. ------------------ John P. Pytlak, Senior Technical Specialist Worldwide Technical Services, Entertainment Imaging Eastman Kodak Company Research Labs, Building 69, Room 7419 Rochester, New York, 14650-1922 USA Tel: 716-477-5325 Fax: 716-722-7243 E-Mail: john.pytlak@kodak.com
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Pat Moore
Master Film Handler
Posts: 363
Registered: Mar 2000
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posted 11-30-2000 12:56 PM
Hiya;Rumors indeed, folks. Strong's still here, and will be for a long time. I only wish the rumors were as easy to trace down as the topics on the forums are here. I usually know where they start from, though. I've been hearing this for a while in my travels in Asia. Sad that this seems to be a way our competition wants to try and sell against us. Now we're hearing it here in the States. Tiring, believe me. Let's see. I've heard that Strong doesn't make Century Projectors anymore. I've heard we have no product in stock. I've heard we were going to close in August. Then it was November. Now it's January. Sheesh! Yes, business is way down here in the US and anyone that doesn't know that really doesn't care one way or another. Has that affected us? You bet! Business is way down from the last few glory years and ANY manufacturer that tries to tell you otherwise has a really good sales pitch to give you right after that line, so watch out. Strong has had layoffs here and there's no secret about that either, but closing? Nope. Regal's problems have effected us in terms of less business, but there's been little or no financial loss associated with that, they remain a valued customer. In fact, none of the bankruptcy's have hurt us much in that way. Yes, we still build Century Projectors. Actually, we'll build about the same number this year as we did last year, around 400 units if I remember right. Not as many as Simplex, where we still build two or 2-1/2 times that of Century. What else... Hmmm. Being a public company has its downsides -- among them everything is public. Don't judge the state of a company simply by the value of it's stock or the message boards. And as a stockholder, I'll be first to tell you our stock price is down. The core financial elements of Ballantyne remain Strong ( ) and we're not about to go away. We're doing other things as well. For instance, we will be providing what spare parts and such that we can make available for the CFS stuff for customers that need them. The new ISCO PLus lenses continue to come into stock as we expand the line. Heat and phone bills are paid up and our Customer Service folks get plenty of calls. Sorry to detract from our detractors, but we're here for the long term. And I appreciate everybody asking about rumors rather than simply believing the story-tellers. Any more questions, let me know... Pat Moore
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Steve Guttag
We forgot the crackers Gromit!!!
Posts: 12814
From: Annapolis, MD
Registered: Dec 1999
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posted 11-30-2000 06:15 PM
I can attest to the fact as a dealer all seems well with Strong. We have recently ordered major equipment (practically the whole line up, projectors/soundheads, pedestals (gotta love that 2500B, platters (yick), lamphouses, rectifiers and lenses. I also just two weeks ago help put in HighlightII consoles. There hasn't been any problem with delivery and nothing looks as though it has been lying around either. Parts have also come through just fine.We just took delivery of a Simplex PR-1014 w/soundhead and it seems to have been put together very well so perhaps the slow down in the industry is helping in the quality of manufacture. Strong is an excellent company and one I hope contines for a long time. Steve ------------------ "Old projectionists never die, they just changeover!"
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Pat Moore
Master Film Handler
Posts: 363
Registered: Mar 2000
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posted 12-01-2000 06:59 AM
Hi John; Doubt we'll be acquiring any part of Barco or anything like that -- big, BIG company. They are one of the three OEM's of the DLP technology, though, so they may well become a more prominent name in the cinema world.As for E-Cinema, we're looking at a couple of fronts. First is to make light sources for DLP Cinema Projectors. Our new DPC Console will be introduced and we have samples either at or going to Digital Projection and Barco. We are also developing a digital projection system. We're looking down the road at the higher resolution characteristics we think the industry will require. That's an R&D project that's outside of Omaha. Lots of technical challenges down that path, of course. Lots of unanswered questions down the E-Cinema road. Our business is theatres and theatre equipment, so that's where we'll be as well. Pat
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