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Old 3rd October 2002
Gear Addict

My understanding of Mackie problems is that they are in large part suffering from bad financial planning. For example, the large number of acquisitions they've made in recent years should raise a flag that something might be unhealthy in their basic scheme. WorldCom had an even bigger string of acquistions, but failed to make these acquistions work in a more profitable fashion. Same deal with Mackie. They went on a shopping spree and their balances aren't any better for it.