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» Film-Tech Forum ARCHIVE   » Operations   » Film Handlers' Forum   » Ballantyne/Strong In Financial trouble?? (Page 1)

 
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Author Topic: Ballantyne/Strong In Financial trouble??
Aaron Sisemore
Flaming Ribs beat Reeses Peanut Butter Cups any day!

Posts: 3061
From: Rockwall TX USA
Registered: Sep 1999


 - posted 11-29-2000 10:28 PM      Profile for Aaron Sisemore   Email Aaron Sisemore   Send New Private Message       Edit/Delete Post 
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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Brad Miller
Administrator

Posts: 17775
From: Plano, TX (36.2 miles NW of Rockwall)
Registered: May 99


 - posted 11-30-2000 01:56 AM      Profile for Brad Miller   Author's Homepage   Email Brad Miller       Edit/Delete Post 
I've heard similar rumors including the laying off of many employees, but I certainly hope Strong can pull out of this as I would hate to see such a great company shut down.

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Stefan Scholz
Expert Film Handler

Posts: 223
From: Schoenberg, Germany
Registered: Sep 1999


 - posted 11-30-2000 11:02 AM      Profile for Stefan Scholz   Author's Homepage   Email Stefan Scholz   Send New Private Message       Edit/Delete Post 
I have heard simelar rumors recently, as they are sagging people and their sales were not doing well. Let's hope theese are only rumors.

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Scott Norwood
Film God

Posts: 8146
From: Boston, MA. USA (1774.21 miles northeast of Dallas)
Registered: Jun 99


 - posted 11-30-2000 11:11 AM      Profile for Scott Norwood   Author's Homepage   Email Scott Norwood   Send New Private Message       Edit/Delete Post 
Agreed...let's hope this isn't true.

Still, it would make sense given the current state of the exhibition industry, since there's lots of great used equipment on the market right now and more will be available soon as additional recently-built theatres close their doors and fewer new theatres are built.

I have no idea what the market is like for Super Trouper spotlights and Flavor-Crisp chicken fryers, but let's hope that it's better than the cinema equipment market for now.


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John Pytlak
Film God

Posts: 9987
From: Rochester, NY 14650-1922
Registered: Jan 2000


 - posted 11-30-2000 12:06 PM      Profile for John Pytlak   Author's Homepage   Email John Pytlak   Send New Private Message       Edit/Delete Post 
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


 - posted 11-30-2000 12:56 PM      Profile for Pat Moore   Email Pat Moore   Send New Private Message       Edit/Delete Post 
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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Brad Miller
Administrator

Posts: 17775
From: Plano, TX (36.2 miles NW of Rockwall)
Registered: May 99


 - posted 11-30-2000 01:08 PM      Profile for Brad Miller   Author's Homepage   Email Brad Miller       Edit/Delete Post 
Good to hear, Pat.

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Aaron Sisemore
Flaming Ribs beat Reeses Peanut Butter Cups any day!

Posts: 3061
From: Rockwall TX USA
Registered: Sep 1999


 - posted 11-30-2000 05:30 PM      Profile for Aaron Sisemore   Email Aaron Sisemore   Send New Private Message       Edit/Delete Post 
Thanks Pat, for setting this straight, as a huge fan of Strong lamphouses I am feeling a bit more relieved

Aaron

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Steve Guttag
We forgot the crackers Gromit!!!

Posts: 12814
From: Annapolis, MD
Registered: Dec 1999


 - posted 11-30-2000 06:15 PM      Profile for Steve Guttag   Email Steve Guttag   Send New Private Message       Edit/Delete Post 
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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John Eickhof
Jedi Master Film Handler

Posts: 588
From: Wendell, ID USA
Registered: Jan 2000


 - posted 12-01-2000 12:18 AM      Profile for John Eickhof   Author's Homepage   Email John Eickhof   Send New Private Message       Edit/Delete Post 
PAT...how about the rumor that Strong was looking into BARCO or another aquisition pertaining to digital cinema?...I dont want the 'C' word being forced down my throat just to have to deal with 'Electrohome' ....I am afraid their customer support will probably
fail on that front too... John

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Pat Moore
Master Film Handler

Posts: 363

Registered: Mar 2000


 - posted 12-01-2000 06:59 AM      Profile for Pat Moore   Email Pat Moore   Send New Private Message       Edit/Delete Post 
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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Dustin Mitchell
Phenomenal Film Handler

Posts: 1865
From: Mondovi, WI, USA
Registered: Mar 2000


 - posted 12-01-2000 08:28 PM      Profile for Dustin Mitchell   Email Dustin Mitchell   Send New Private Message       Edit/Delete Post 
Hey, I'm doing my part to keep strong alive. I just ordered a whole 7 new phase control boxes for my older Strong platters. Has your stock gone up yet Pat? .

Keep up the good work at Strong.

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Pat Moore
Master Film Handler

Posts: 363

Registered: Mar 2000


 - posted 12-01-2000 10:45 PM      Profile for Pat Moore   Email Pat Moore   Send New Private Message       Edit/Delete Post 
Thanks everybody, on behalf of Strong. We'll keep working at it.

Pat

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Randy Stankey
Film God

Posts: 6539
From: Erie, Pennsylvania
Registered: Jun 99


 - posted 12-01-2000 11:33 PM      Profile for Randy Stankey   Email Randy Stankey   Send New Private Message       Edit/Delete Post 
Just talked to Strong on the phone today. They SOUNDED healthy, for what it's worth...

PS: It WAS helpful and it turned out to be just what you said it was. -- Thanks again!

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Stefan Scholz
Expert Film Handler

Posts: 223
From: Schoenberg, Germany
Registered: Sep 1999


 - posted 12-02-2000 05:32 PM      Profile for Stefan Scholz   Author's Homepage   Email Stefan Scholz   Send New Private Message       Edit/Delete Post 
Thanks Pat, good to hear. If there's one company in this industry that was always dedicated to customer satisfaction, I have the feeling, it was dealing with Strong International. And I hope this will continue.
More lumens per watt as anybody else, we still need that...

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