Cannondale Bicycles files for bankruptcy.

Inside Triathlon: Cannondale to file for Bankruptcy.

Cycling News Cannnondale files for Bankruptcy.

Wow! Cannondale used to be a big hitter. It looks like management made some very bad decisions. The motorsports division is certainly dragging the company down. I can also look back to few years ago when the national sales rep and a VP tried to preassure a local bike shop, which was one of the largest Cdale dealers in the country, into changing it sales practices. The shop began pushing Giant and Merlin because they were so pissed off. When I sold bikes on weekends, I thought the national sales rep was a dick, and so made an effort not to sell Cdales. I didn't want any money going into his pocket.

"Cannondale has also reached an agreement in principle with Pegasus Partners II, L.P. to sell substantially all of its assets to Pegasus Partners, subject to better and higher offers and court approval. Pegasus would operate the bicycle business with the involvement of current management and would purchase separately the Company's motorsports assets, including the intellectual property related to the design of Cannondale's motorsports products."

At least GT could blame everything on the guy running the company dying.

      your note []