diamond audio in trouble?

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xtremej

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Joined: February 24, 2006

Location: United States

Posted: March 16, 2007 at 9:49 AM / IP Logged

I had a sales rep in yesterday that was commenting about diamond struggling for awhile and that they were or have filed for bankruptcy. I called my sales rep and they denied this. Anybody heard of anything like this that is from a credible source?

I don't want to throw in my spring order and find out a month later they are going out of business.

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Joined: November 01, 2003

Location: Alberta, Canada

Posted: March 16, 2007 at 1:39 PM / IP Logged

All I know is that they are not strong in Canada at all. They have never ever been strong up here, getting bounced from distributor to distributor. That does nothing at all to building the credibility of the line. I would take a wait and see approach if I were sitting in your shoes or perhaps one person in the US market can answer this.

Top Secret, I can tell you but then my wife will kill me.

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Platinum - Posts: 5,352

Joined: November 01, 2003

Location: Alberta, Canada

Posted: March 16, 2007 at 1:42 PM / IP Logged

Clear some room in your PM as well please.

Top Secret, I can tell you but then my wife will kill me.

xtremej

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Joined: February 24, 2006

Location: United States

Posted: March 16, 2007 at 4:34 PM / IP Logged

I made some room.

coppellstereo

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Joined: November 21, 2005

Location: United States

Posted: March 16, 2007 at 11:51 PM / IP Logged

They are under new ownership. Nothing has changed in their product line or quality standards. The new owner is my boss' old business partner. Kinda crazy

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diamond audio in trouble?

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