desmond wrote:But it's bad news for the industry as a whole.
Why? Sure it might be a signifier of the recession but I don't think anyone didn't see that coming of late.
They were a lousy company who did nothing to maintain any kind of good relationship with their customers.
To just assume it's specifically bad news for the industry rather than the economy as a whole is the same as the major record labels crying 'told you so' when some old Dinosaur like EMI goes down.
People with enough money aren't going to stop wanting Moogs and Prophets anymore than they are going to stop wanting Radiohead CDs. There'll be a few months of hard times ahead for those directly involved but it's hardly going to bring the industry down. The sub-prime and buy-to-let mortgages will see to that!