Vacuum Cleaners Discussions |
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CarmineD
Joined: Dec 31, 2007
Points: 5894
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dyson going bankrupt?
Original Message Sep 21, 2009 1:34 pm |
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Hello dyson DIB: I heard a rumor today and figure the only way to confirm it is to run it by you. The grapevine is saying dyson is going bankrupt soon? Any truth to it? Carmine D.
This message was modified Sep 21, 2009 by CarmineD
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CarmineD
Joined: Dec 31, 2007
Points: 5894
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Re: dyson going bankrupt?
Reply #13 Oct 22, 2009 7:44 pm |
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Procare,
I’ll go after the lowest hanging favorite fruit… talking about a backyard inventor that’s told “No” by the big-named companies and genius-suits and then making a small corporation rich…
DIB
P.S. TTI and Bissell are making lots of money off Dyson’s dual cyclone discoveries. They are junk quality, but they (expired Dyson patents and discoveries) are moneymakers and continue to live well past the Fantom-is-Dyson attempted parallel.
Dyson DIB:
Once again the facts seem always to escape you. 2 successful dyson lawsuits helped. Both netted Sir James over $8 MILLION US. With the royalties [$2 M] from the first lawsuit, Sir James built the plant in Malmesbury. With the proceeds from the second [$6.4 M] Sir James moved production to Malaysia. Pocketed the rest of the mula. Mr. d went from $2 BILLION in 2006 to $1.6 BILLION in 2007 and then to $1.2 BILLION in 2008. What are your predictions for Mr. d in 2009? Higher/lower? Carmine D.
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Trebor
Joined: Jan 16, 2009
Points: 321
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Re: dyson going bankrupt?
Reply #14 Oct 22, 2009 10:54 pm |
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Fantom benefited from the licensing of Dyson technology, but so did Dyson, with millions in royalties collected. Why did he do this? HE NEEDED THE MONEY! I know James was a backyard inventor who created a company and a product with his name. Just because it is different doesn't automatically make it better, and just because it was better then doesn't make it better now because the competition continues to improve. A Model T and a Crown Victoria are both Ford cars, and have a lot of similarities, that does not mean they have the same performance levels and features. The disposable bag technology has improved in three distinct ways 1) better filtration 2) much better performance as the bag fills, and 3) increased usable bag capacity. The Mieles of today are quieter and more powerful than their predecesors, many of which are still running well and cleaning after 20 years. How many Dysons, other than those in collections and museums, are still working after that long? The value for the money just isn't there with Dyson, as evidenced by the many of them in repair shops all over the US and Great Britain. |
DysonInventsBig
Location: USA
Joined: Jul 31, 2007
Points: 1454
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Re: dyson going bankrupt?
Reply #15 Oct 23, 2009 12:18 am |
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Fantom benefited from the licensing of Dyson technology, but so did Dyson, with millions in royalties collected. Why did he do this? HE NEEDED THE MONEY! I know James was a backyard inventor who created a company and a product with his name. Just because it is different doesn't automatically make it better, and just because it was better then doesn't make it better now because the competition continues to improve. A Model T and a Crown Victoria are both Ford cars, and have a lot of similarities, that does not mean they have the same performance levels and features. The disposable bag technology has improved in three distinct ways 1) better filtration 2) much better performance as the bag fills, and 3) increased usable bag capacity. The Mieles of today are quieter and more powerful than their predecesors, many of which are still running well and cleaning after 20 years. How many Dysons, other than those in collections and museums, are still working after that long? The value for the money just isn't there with Dyson, as evidenced by the many of them in repair shops all over the US and Great Britain.
This message was modified Oct 23, 2009 by DysonInventsBig
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CarmineD
Joined: Dec 31, 2007
Points: 5894
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Re: dyson going bankrupt?
Reply #16 Oct 23, 2009 7:39 am |
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Fantom benefited from the licensing of Dyson technology, but so did Dyson, with millions in royalties collected. Why did he do this? HE NEEDED THE MONEY! I know James was a backyard inventor who created a company and a product with his name. Just because it is different doesn't automatically make it better, and just because it was better then doesn't make it better now because the competition continues to improve. A Model T and a Crown Victoria are both Ford cars, and have a lot of similarities, that does not mean they have the same performance levels and features. The disposable bag technology has improved in three distinct ways 1) better filtration 2) much better performance as the bag fills, and 3) increased usable bag capacity. The Mieles of today are quieter and more powerful than their predecesors, many of which are still running well and cleaning after 20 years. How many Dysons, other than those in collections and museums, are still working after that long? The value for the money just isn't there with Dyson, as evidenced by the many of them in repair shops all over the US and Great Britain. Trebor: Sir James is one of the luckiest business men in the industry that I know. Success with 2 lawsuits provided him the "seed" money to grow his brand/products that their sales never did. First, the royalties on another brand's sales allowed him to build the plant in Malmesbury. By doing so, dyson expanded vacuum production to 30,000 units a month in the UK. Then, the HOOVER money to move production to Malaysia and go global. The plant in the UK was too small for global production. He should have known that when he built it. As the business gurus will tell you, making money is the easy part, especially in Sir James' case. Sustaining it year over year is the hard part. I wish him luck. He going to need it. Carmine D.
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M00seUK
Joined: Aug 18, 2007
Points: 295
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Re: dyson going bankrupt?
Reply #17 Oct 23, 2009 9:43 am |
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Trebor: Sir James is one of the luckiest business men in the industry that I know. Success with 2 lawsuits provided him the "seed" money to grow his brand/products that their sales never did. First, the royalties on another brand's sales allowed him to build the plant in Malmesbury. By doing so, dyson expanded vacuum production to 30,000 units a month in the UK. Then, the HOOVER money to move production to Malaysia and go global. The plant in the UK was too small for global production. He should have known that when he built it. As the business gurus will tell you, making money is the easy part, especially in Sir James' case. Sustaining it year over year is the hard part. I wish him luck. He going to need it. Carmine D. Hi Carmine - an objective series of points there that I agree with 100%. Perhaps to add that Dyson was a touch naive in presuming that he'd be able to get planning permission to extend the UK production if needed. The irony being that if he'd simply set up production overseas from day 1, he'd have avoided being labelled as a some type of national traitor, by an often cynical British media. Still, you could argue that the desire to claw back some respect with innovative new products, help drives him further than it otherwise might have. Such is business life.
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DysonInventsBig
Location: USA
Joined: Jul 31, 2007
Points: 1454
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Re: dyson going bankrupt?
Reply #18 Oct 23, 2009 12:34 pm |
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Fantom benefited from the licensing of Dyson technology, but so did Dyson, with millions in royalties collected. Why did he do this? HE NEEDED THE MONEY! I know James was a backyard inventor who created a company and a product with his name. Just because it is different doesn't automatically make it better, and just because it was better then doesn't make it better now because the competition continues to improve. A Model T and a Crown Victoria are both Ford cars, and have a lot of similarities, that does not mean they have the same performance levels and features. The disposable bag technology has improved in three distinct ways 1) better filtration 2) much better performance as the bag fills, and 3) increased usable bag capacity. The Mieles of today are quieter and more powerful than their predecesors, many of which are still running well and cleaning after 20 years. How many Dysons, other than those in collections and museums, are still working after that long? The value for the money just isn't there with Dyson, as evidenced by the many of them in repair shops all over the US and Great Britain. Trebor: Sir James is one of the luckiest business men in the industry that I know. Success with 2 lawsuits provided him the "seed" money to grow his brand/products that their sales never did. First, the royalties on another brand's sales allowed him to build the plant in Malmesbury. By doing so, dyson expanded vacuum production to 30,000 units a month in the UK. Then, the HOOVER money to move production to Malaysia and go global. The plant in the UK was too small for global production. He should have known that when he built it. As the business gurus will tell you, making money is the easy part, especially in Sir James' case. Sustaining it year over year is the hard part. I wish him luck. He going to need it. Carmine D. Carmine, You’re in no position to lecture or condemn or comment of real-men and real-leaders and real-doers. Is it a big risk owning a small mom and pop that most consumers would rather drive past and onto a non-pressure or non-bias retailer? You twist and turn and I love it! Anyone taking your business advice is certainly doomed or at least doomed to an uneventful life and low-pay. Forty-two years in the business and nothing. Greater society is waiting for great men and women to step forward.... Sorry for all your bad luck or was it the poor choice and fear of the unknown? - That is, stepping outside the lavishly comfortable and awe inspiring establishment you’ve painstaking whittled out? In the big picture, 42 years of hunkering down is most unimpressive. DIB
This message was modified Oct 23, 2009 by DysonInventsBig
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CarmineD
Joined: Dec 31, 2007
Points: 5894
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Re: dyson going bankrupt?
Reply #21 Oct 23, 2009 4:59 pm |
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Hi Carmine - an objective series of points there that I agree with 100%. Perhaps to add that Dyson was a touch naive in presuming that he'd be able to get planning permission to extend the UK production if needed. The irony being that if he'd simply set up production overseas from day 1, he'd have avoided being labelled as a some type of national traitor, by an often cynical British media. Still, you could argue that the desire to claw back some respect with innovative new products, help drives him further than it otherwise might have. Such is business life.
Hello M00seUK:
The Malmesbury plant, any UK location for that matter, provided considerably less costs for freight and distribution of dyson product to the UK markets, while it was still a home grown/sold brand. Carmine D.
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Trebor
Joined: Jan 16, 2009
Points: 321
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Re: dyson going bankrupt?
Reply #22 Oct 23, 2009 5:19 pm |
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Having been witness to the dismantling of Electrolux Corp USA, I can testify that outsourcing production never produces the savings in real life that it does on paper. First there is the language barrier, and almost certainly a time differential. Quality control issues become much more complicated to manage. But, the laid off workers' wages pay and benefits then are used to fund enormous unearned and undesrved bonuses to executives for lowering product quality and putting hard working people out of work. They don't even deal with the irate customers, because the customer call center is outsourced as well! We have reached the place where we reward criminal behavior and punish the honest hard-working stiff. If James had said "Look, I need to expand, or I am going to have to outsource, he would have won his expansion rights. But it was probably all smoke and mirrors anyway. He learned well from the US corporations he dealt with, and their attorneys. I am sure the bankruptcy is being precisely orchestrated for maximum profit for Sir James, no matter how profuse his crocodile tears.
This message was modified Oct 23, 2009 by Trebor
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