[CQ-Contest] Timewave files bankruptcy
w2up at itw.com
Sat Jun 20 21:42:13 EDT 1998
The following appears in the ARRL Letter, and I thought it would be
of interest to the group:
Amateur Radio equipement manufacturer Timewave Technology
(http://www.timewave.com) of St
Paul, Minnesota, has filed for Chapter 11 bankruptcy.
Timewave President Randy Gawtry, K0CBH, says Timewave
plans to continue normal operations while it prepares
to file a reorganization and debt payment plan with
the federal bankruptcy court. "The process now is in
the early stages," he said. The move comes a little
more than a year after Timewave acquired rights to the
AEA digital product line after AEA ran into financial
trouble. Timewave is best known for its DSP filter
accessories, such as the DSP-599zx.
"We're still operating and we're still doing repairs
and upgrades for our DSP products," Gawtry said.
"Nobody should panic."
Gawtry said the company still expects to have its new
DSP-2232zx multimode TNC on the market later this
year. But he conceded that under Chapter 11
bankruptcy, "any number of things can happen." The
company has 60 days to file its reorganization plan,
which must be approved by the court and by the
Barry Kutner, W2UP Internet: w2up at itw.com
Newtown, PA FRC alternate: barry at w2up.wells.com
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