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#382224 - 08/27/12 10:11 PM Elemental Designs (ED) going out of business
BlueJays1 Offline
connoisseur

Registered: 09/19/08
Posts: 4102
Loc: Porch,enjoying Bombay Sapphire
The official statement below.

http://blog.edesignaudio.com/?p=1792

This really doesn't come as a surprise to me.
_________________________
I’m armed and I’m drinking. You don’t want to listen to advice from me, amigo.

-Max Payne

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#382225 - 08/27/12 10:31 PM Re: Elemental Designs (ED) going out of business [Re: BlueJays1]
dakkon Offline
connoisseur

Registered: 02/08/04
Posts: 1849
Was this a situation of a company growing to big to fast with the wrong management?


I wasn't keeping track of the drama...

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#382227 - 08/27/12 10:45 PM Re: Elemental Designs (ED) going out of business [Re: BlueJays1]
SirQuack Offline
shareholder in the making

Registered: 01/29/04
Posts: 13357
Loc: Iowa
To bad really, they had a great reputation around the midwest in car audio for many years. It appeared they were doing well in home theater, at least back when I was following things regularly. The American Dream is really hard to achieve with this current economy.
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#382233 - 08/28/12 12:04 AM Re: Elemental Designs (ED) going out of business [Re: BlueJays1]
tomtuttle Offline
axiomite

Registered: 06/20/03
Posts: 8417
Loc: Tacoma
Sorry to hear this.
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#382237 - 08/28/12 03:07 AM Re: Elemental Designs (ED) going out of business [Re: BlueJays1]
CV Offline
Founder, Axiom Upgrade Club
shareholder in the making

Registered: 07/20/06
Posts: 11473
Loc: Richland, WA, USA
I was interested in their products. It's too bad they couldn't figure out how to run the business.

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#382259 - 08/28/12 10:08 AM Re: Elemental Designs (ED) going out of business [Re: dakkon]
BlueJays1 Offline
connoisseur

Registered: 09/19/08
Posts: 4102
Loc: Porch,enjoying Bombay Sapphire
Originally Posted By: dakkon
Was this a situation of a company growing to big to fast with the wrong management?


I wasn't keeping track of the drama...


From reading the statement, it seems to me like major incompetence from the top management compounded with the lack of understanding of cash flow modeling/forecasting.
_________________________
I’m armed and I’m drinking. You don’t want to listen to advice from me, amigo.

-Max Payne

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#382271 - 08/28/12 11:39 AM Re: Elemental Designs (ED) going out of business [Re: BlueJays1]
casey01 Offline
aficionado

Registered: 07/03/08
Posts: 812
Loc: Toronto
I bought a large center channel speaker from ED back just before the VP180 was introduced and it seemed they were already experiencing problems then. TWO missed shipping dates and a slow response to E-Mails asking about the delay in shipping. (Took over six weeks to get it) In a discussion with one of the principals it seemed they had the business but because money was tight and the banks weren't lending to small business especially one out in the middle of nowhere, they couldn't expand, keep inventory in stock and deliver products on time, hence, probably a lot of cancelled orders and people who might have wanted to buy but were afraid to order. As we are all aware, even rumours, especially on the forums, of an "on-line" business in trouble can be extremely damaging to its future. It seems all this eventually caught up with them.

Unfortunately, that center channel I bought had the worst horizontal dispersion of any speaker I have ever purchased, regardless of price, and it wasn't too long before it was relegated to the speaker "archives" in my basement.


Edited by casey01 (08/28/12 11:48 AM)

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#382287 - 08/28/12 05:03 PM Re: Elemental Designs (ED) going out of business [Re: BlueJays1]
Wid Offline
axiomite

Registered: 06/22/03
Posts: 6754
Loc: The Peoples Republic of Il.

That's a shame, they made a good sub.
_________________________
Rick


"A fear of weapons is a sign of retarded sexual and emotional maturity." Sigmund Freud


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#382288 - 08/28/12 05:09 PM Re: Elemental Designs (ED) going out of business [Re: Wid]
fredk Offline
axiomite

Registered: 12/06/07
Posts: 7537
Loc: Canada
A shame indeed. It seems the golden age of big inexpensive drivers and subs is coming to an end and there are casualties.
_________________________
Fred

-------
Blujays1: Spending Fred's money one bottle at a time, no two... Oh crap!

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