Private Equity Firms from my experience believe in only one thing: the bottom line!! I would have been more excited to see someone that has a passion for pinball be the new investor, instead of a private equity firm. Hopefully this is good news.
It has been scientifically proven that light is faster than sound. That is why some people seem brilliant........until they open their mouth!
Own Magic, Star Gazer, Batman Forever, STTNG, Mystery Castle (project)
Gone Fairy, Secret Service, Meteor x3, Title Fight, Eight Ball Deluxe, Bone Busters Inc., Seawitch, Starship Troopers, Strange Science, Arena, Hook, Pin*Bot x2, Time Warp, Motordome, Robocop, Black hole, Jurassic Park , Wipe-Out, Pinball Pro: Challenger I, Swords of Fury, Stargate, Party Zone
Private Equity Firms from my experience believe in only one thing: the bottom line!! I would have been more excited to see someone that has a passion for pinball be the new investor, instead of a private equity firm. Hopefully this is good news.
Generally I would hold the same concern but after having been to the factory and looking at the business I can't see much of a downside ....
Stern is in trouble and needs new ideas as well as capital there is no expensive new machinery for a raider to sell off and GS is still in charge of the company.
I'm not saying that this ensures Stern's existance in anyway but I don't think the path they were on was a good one so hopefully this gives the company a much better chance to survive
Centigrade 37 ... LOTR in da House ... a Barracora ....... Spidey ... RFM
People don't usually invest in order to lose money. Considering that in 2009 over 100 American banks went bankrupt, banks and investment firms have become extremely conservative. Given that, this company obviously believes that there is money to be made and the resurgence is on its' way. I see this as good news.
Now Stern should take on the philosophy that many companies have for their products such as offer a premium product - say LOTR for $5-6K and then make a slightly more down to earth pin for $3k., more of an entry level pin to get people interested. Even BMW has range in products from $30k - >$140K. This can only attract a larger market.
Ricker's current lineup;
El Dorado Flash. Royal Flush Joker Poker Volley Pioneer Barracora Black Knight Meteor Xenon
Now Stern should take on the philosophy that many companies have for their products such as offer a premium product - say LOTR for $5-6K and then make a slightly more down to earth pin for $3k., more of an entry level pin to get people interested. Even BMW has range in products from $30k - >$140K. This can only attract a larger market.
Didn't Bally try this ages ago with "home" versions of the coin-op stuff? (and to my knowledge the "home" versions were crap) Stick to making the games the way they are, that way they don't have to worry about managing 2 types of systems.
I saw the stern videos the other day, and today i check my email, and "SternPinballInc" sent me a friend invite, weird, must have seen my game videos, or something like that
hopefully this is all good news and more pinballs will keep being produced
Eric
Waterloo, Ontario Collection : *UPDATED*
PINS :
Stern Roller Coaster Tycoon, Williams Earthshaker, Williams Cyclone Williams White Water, Data East Back To The Future, Stern Ripley's Believe It Or Not
VIDS :
Cruis'n USA x 2 (linked), California Speed x 2 (linked) Mame machine in converted Smash TV Cabinet 4 Slot Neo Geo
I'm hoping they come up with a platform that would make swapping games cheaper and easier. Something like pin2k. Both ops and home users would appreciate it.
Have
Want
-The Getaway: High Speed II!! -Spider-Man -F-14 Tomcat -Guns N' Roses -Lord of the Rings -Twilight Zone
-Medieval Madness! -Indiana Jones (Williams) -Star Trek: The Next Generation -Champion Pub -Terminator 3 -Congo -Johnny Mnemonic -Tales of the Arabian Nights
I'm hoping they come up with a platform that would make swapping games cheaper and easier. Something like pin2k. Both ops and home users would appreciate it.
Maybe as a long term project but I can't see that kind of inovation coming any time soon from Stern ... but way off in the future it would be a good thing to see.
Centigrade 37 ... LOTR in da House ... a Barracora ....... Spidey ... RFM