KORG BEING SOLD!?!??!?

jojo · Post by **jojo** » Fri Feb 11, 2011 3:09 am

It seems that the powers that be have been very busy as of late.

Since 2009, we've seen the lay offs of many people at Korg. I won't name names... but.. I got the information from one of the axed employees.

Rumors are surfacing that Avid and Nord are each in talks with Korg to complete an acquisition of the company.

That's right. Down the road, your Korg could really be a Nord (great products) or Avid (producers of such fine crap as M-Audio).

Timo · Post by **Timo** » Fri Feb 11, 2011 3:13 am

Thought it was April 1st for a minute there.

ellll · Post by **ellll** » Fri Feb 11, 2011 3:41 am

I would NEVER be happy with this...............

Johnny (ellll)

McHale · Post by **McHale** » Fri Feb 11, 2011 4:18 am

I buy Korg because they AREN'T those other companies. The Kronos could very well be my last Korg if that happens.

ellll · Post by **ellll** » Fri Feb 11, 2011 5:23 am

I Hate it increasingly...

But times and profits change by large measures at times....

Johnny

Post by **karmathanever** » Fri Feb 11, 2011 6:14 am

It is amazing who owns who these days.
It won't worry me if whoever buys Korg realises what they have and put effort into keeping the staff and facilities.

If it's a crash and burn acquisition then Korg is in trouble.

If it is true, I hope it is a sensible takeover - surely any purchaser of Korg MUST know how valuable the assets are (people I mean)

Wait and see..... (but I didn't vote that I am happy with it!!!)

Sam CA · Post by **Sam CA** » Fri Feb 11, 2011 7:47 am

Avid bought digidesign and the result wasn't that bad after all.

EvilDragon · Post by **EvilDragon** » Fri Feb 11, 2011 7:54 am

Assyrianpianist wrote:Avid bought digidesign and the result wasn't that bad after all.

Don't make me laugh.

Bachus · Post by **Bachus** » Fri Feb 11, 2011 8:11 am

There is one thing i don't understand, why would you lay off people that have essential knowledge about the company and its products before selling your comapnny..

This would would make the intellectuall property of the assets (KORG Technollogy) less interesting to buy.

------------

If NORD takes over KORG they will do this to spread their product range and add Workstations / Arrangers / controllers / VST's to their company... There is not much overlapping in their current product ranges... but there is the bennefit of having acces to the technical knowledge of both KORG and NORD which could lead to creativity.

If Avid buys KORG, they might only want to incorporated KORG technollogies in their lower range products as that is where they see a lot of money...

All in all the huge difference between NORD and Avid is that NORD is a company that tries to make innovative musical instruments and that Avid tries to make as much money as possible..

If the rumors are true its not that hard to guess what would be the best option for the Quallity of future KORG products.

Jan1 · Post by **Jan1** » Fri Feb 11, 2011 10:11 am

Surely this is a joke!...Is it?

cello · Post by **cello** » Fri Feb 11, 2011 10:18 am

Bachus wrote:There is one thing i don't understand, why would you lay off people that have essential knowledge about the company and its products before selling your comapnny..

I'm afraid when it comes to acqusitions it comes down to the balance sheet, not the people. Korg owns the IP, not the people who created it for them. So if you're wanting to look good, you need a strong product portfolio and have trimmed operating costs. The 'conversion' of the O to the K fits this premise - increase market for reduced cost IP.

Whether this is the reason why Jerry was no longer required is debatable. We will probably never know the real reason.

ozy · Post by **ozy** » Fri Feb 11, 2011 10:42 am

First of all:

sources? confirmations?

It's believable and reasonable. That doesn't make it a fact.

McHale wrote:The Kronos could very well be my last Korg if that happens.

make that the M3 for me...

Well, it was bound to happen.

The desperate efforts at cashing in with mickro-tools for tha japanes market,

the mega-hype about the Kronos (re-hashing of a 10 years old technology)...

It was a pennyless company (capital = innovation), that's the end.

I'd say "avid" though.

Nord has just not the cash.

EvilDragon · Post by **EvilDragon** » Fri Feb 11, 2011 11:00 am

Nah, I'd say this is trolling. No clear sources for this info.

Bachus · Post by **Bachus** » Fri Feb 11, 2011 11:04 am

ozy wrote:the mega-hype about the Kronos (re-hashing of a 10 years old technology)...

While i personally still think its the best piece of hardware you can buy for that price.. I must agree that there is not a single piece of innovation in KRONOS.

Korg might be very well in financial trouble for quite some time now, as their other top of the line product PA3X doesn't show any innovation either (so far)

So what new technollogies had KORG brought us over the last few years? Since their groundbreaking innovative Oasys?

Both products might be a desperate attempt to pay of some debts by KORG. Maybe someone has some facts and figures about KORGS financial results over the last few years.

Or does this fact say more about the workstation in general then about Korg?

ozy · Post by **ozy** » Fri Feb 11, 2011 11:26 am

Bachus wrote: Or does this fact say more about the workstation in general then about Korg?

it says something about ther economy in general

My money-savvy wife says newspapers are feeding us a load of bull-apple-pie about the stock market recovery and the likes.

She says the banks are still in panic mode, internally.

And she says that marketing people everywhere are desperate to find ways of getting scarce money to buy their prducts, and don't get that the problem is people have less money to spend.

This is why I am not surprised by news of consolidation [that's been happening everywhere btw].

And finally: Korg has not a multinational behind it, like yamaha does.

She's already been down that way a few years ago (lending a quote of capital to yamaha in exchange for financing, firing people, receiveing people fired from smaller firms. remember the wavestation years?)

So, I don't think we'll see RED Kronoses [

], in the sense of technology mergers, but something is probably brewing in the sense of downsizing and focusing on sellable products.

I'd say: if they need money, better [for me] a "scaled-down oasys" than a "micro-waterfall-two-manual-25-keys hammond clone [the MikroKOrgan]"

with a gooseneck vocoder of course.

Nightmares of panicking marketing people.

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