2004-06-10»
liquidators liquidatingยปAndover Consulting in San Francisco is liquidating its operations and auctioning off all its stuff.
Before it shut down, its core business was liquidating dotcom companies and auctioning off all their stuff.
Is this a good or bad economic sign? I can’t tell. Will it become clearer if the company running this auction goes bust too?
So, somebody from Andover has mailed to say that they’re not going out of business. They do appear to be selling off a lot of their San Francisco offices, though. And you’d think they’d use their own liquidation company to do the liquidating, in a sort of anti-bootstrapping move, wouldn’t you? I’ll look into it some more when I’m not travelling.
Update: Mike from Andover writes: “We are moving to more of a broker model as selling individual computers, etc. is just not profitable when new P4s are selling for $300.” Basically, I think they’re closing their warehouse.