Seth has left Cakewalk

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noldar12
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Re:Seth has left Cakewalk 2013/02/19 02:38:54 (permalink)
Yes, they did own Pinnacle.  The goal was to integrate it into their consumer division and increase their presence there - also the theory behind purchasing M-Audio.  Sadly, they don't seem to have much of a clue regarding what they intend to do.  They have also just changed their President/CEO yet again.

Since they are a public company, financial results are easy to find.  2008: lost $198.2 million; 2009: lost $68.4 million; 2010: lost $37 million; 2011: lost $23.8 million.  2012 data is due in a couple weeks, and with the divestments, fire sales and other losses, I would think 2012 will be worse.

Jim
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Linear Phase
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Re:Seth has left Cakewalk 2013/02/19 02:53:21 (permalink)
Just give me the $23.8 million these idiots lost, and if you need me, I'm in Caymans, on the beach, with a Pina Colada in my left hand..   Look for the bright yellow t-shirt, and ray ban sunglasses...

too many lasers...






Sonar = audio editing ninja of a music software!

#62
sharke
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Re:Seth has left Cakewalk 2013/02/19 02:56:21 (permalink)
So according to Seth it wasn't his decision to leave, they kicked him out....

James
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Linear Phase
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Re:Seth has left Cakewalk 2013/02/19 03:01:01 (permalink)
sharke


So according to Seth it wasn't his decision to leave, they kicked him out....


"It happens."  We've all lost corporate jobs.  

A good friend of mine, was just let go from a fortune 30 company last month.  ....   and way, way back, I got downsized from quite a good job too.   Which is why I started my own business...  ( a micro bizz, which is why I need avids lost millions to get the caymans.. )

Unfortunately this economy is bloody rough...

too many lasers...






Sonar = audio editing ninja of a music software!

#64
noldar12
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Re:Seth has left Cakewalk 2013/02/19 03:02:31 (permalink)
Oh, one point of clarification, the numbers I posted were the net losses from operations, NOT the actual net losses.  From other activities, the actual net losses were often much less, particularly for the earlier years.  But, if that is what you are "getting" from "normal" business operations...

Jim
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Rain
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Re:Seth has left Cakewalk 2013/02/19 03:03:57 (permalink)
Wow, that's really bad. Thanks for the info.

TCB - Tea, Cats, Books...
#66
tweed guy
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Re:Seth has left Cakewalk 2013/02/19 04:02:58 (permalink)
sharke


So according to Seth it wasn't his decision to leave, they kicked him out....

Woa, where did that come from? That's not really a fact, it's speculation. I don't think he would ever say that publicly, even if it was true. I just hope this isn't a symptom of something bigger happening behind the scenes. I guess we'll find out when the next release shows up.
#67
Linear Phase
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Re:Seth has left Cakewalk 2013/02/19 04:05:13 (permalink)
It is a fact..  he mentions it upstairs

too many lasers...






Sonar = audio editing ninja of a music software!

#68
noldar12
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Re:Seth has left Cakewalk 2013/02/19 04:10:13 (permalink)
LOL, I am getting rusty with my financial statement analysis - one has to pay attention to the real line items vs. the "lets try to make it better than it is" lines.  So, the actual net losses were as the really bad stated figures above.  The "make it less nasty" line was simply a ploy to make the ongoing operations results appear to be better than they actually were.

One other telling result: in Feb. 2005, the "industry standard" DAW maker's stock price reached a high of $66.90 per share... the stock is currently selling for about $7.99 per share.  Great investment, not! 

Jim
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Jonbouy
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Re:Seth has left Cakewalk 2013/02/19 04:48:56 (permalink)
noldar12


craigb, there seems to be a deadly disease of some sort of staff infection going around CW land.  Maybe it was caused by an improperly baked cake using spoiled ingredients.  Who knows?

Ya!
 
Cake=Scone

"We can't do anything to change the world until capitalism crumbles.
In the meantime we should all go shopping to console ourselves" - Banksy
#70
Jonbouy
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Re:Seth has left Cakewalk 2013/02/19 04:57:06 (permalink)
tweed guy


sharke


So according to Seth it wasn't his decision to leave, they kicked him out....

Woa, where did that come from? That's not really a fact, it's speculation. I don't think he would ever say that publicly, even if it was true. I just hope this isn't a symptom of something bigger happening behind the scenes. I guess we'll find out when the next release shows up.

http://forum.cakewalk.com/fb.ashx?m=2783848

"We can't do anything to change the world until capitalism crumbles.
In the meantime we should all go shopping to console ourselves" - Banksy
#71
Rain
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Re:Seth has left Cakewalk 2013/02/19 06:06:33 (permalink)
Bapu mentioned the Roland takeover - which started out as a partnership... 

I can't remember at which point exactly they actually became the biggest share owner - sometimes in 2008 I think (?), but looking back as an ex-Sonar user, I do see a change from there on.

It's like until that point, Sonar (and Cakewalk) had gained a certain momentum. 

Prior to Sonar, Cakewalk products didn't have that much credibility - for all the wrong and the right reasons. But Sonar changed that. And from version 1 to 8.5, they certainly gave me the impression that the sky was the limit. It was like good old Cakewalk but w/ the financial means and ambition to rival the best...

Not only Sonar - they had the ambitious Project5 and a bunch of new top notch virtual instruments which earned them lots of praises at last. Z3ta, Dimension Pro, Rapture - man, that quite a line-up! And w/ a genius like René on board, the sky really was the limit.

I must admit that, as a long time user, it felt good to see Cakewalk finally getting the recognition they deserved. They were packing in the new features at such a rate that many of us juts wished they'd sit one out and re-organize a bit.

Then Roland took over... 

Project5 development was ended.

Amazing synths w/ an almost infinite potential were put aside while other developers saw the immense potential of the SFZ format first developed by René (Alchemy, anyone?)

And Sonar had its gut thrown out on the table and was re-assembled to look like Studio One (which itself is only a pale copy of Logic ;) ) - only, w/ all the good old typical flaws of Sonar. 

Had it been called Sonar 9, it might have been less depressing. It would have been ONE release in a long line. But it was a fresh start, what they kept from the past and expect to build on...

You know, I'm 99% happy w/ Logic, but Sonar will always hold a warm spot in my heart. Man they had something good - if only they'd refined that...

Man, it was darn good. 








TCB - Tea, Cats, Books...
#72
spacey
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Re:Seth has left Cakewalk 2013/02/19 06:20:18 (permalink)
I told Seth I was sorry to hear and wished him the best.

Gas prices indicate the economy is improving but around here
finding a job is still tuff. Hope he finds what he's looking for - and gets it.

#73
Rain
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Re:Seth has left Cakewalk 2013/02/19 06:56:35 (permalink)
The last dayjob I had almost felt secure. 

I was the first WFM member to finally get the headcount under control.

I'd earned the praises of my coworkers, payroll, HR and Admin. And the employees trusted me (rightly so, because it was my pride to go to bat for them - and I'd still do that to this day). My name was everywhere -  I was the catch of the year  so they said. They even invented a new bonus to reward me.

Until they started making cut, and my boss (whose ass I had saved countless times) felt the heat. 

Then it was to each his own and I became one of those "x" on the headcount.

As they say, the graveyards are full of irreplaceable people...

TCB - Tea, Cats, Books...
#74
Beagle
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Re:Seth has left Cakewalk 2013/02/19 07:07:31 (permalink)
bapu


yorolpal


bapu


yorolpal


I hereby urge the new overlords of Cake/Roland/Boss/Insert your corporate identity here to simply gaze at the beatific avatar to the left of this post. That's right, gaze longingly and lovingly.  Is it not the face and the iconic symbol, if you will, of the "new" corporate identity you are looking for? I'm pretty sure the answer is a resounding YES!!!! 

I urge you at your earliest convenience to contact me via PM and discuss my endorsement of your products and services...and my remuneration for same.

Looking forward to hearing from you.

Doghouse Riley

Or

As you can see, I already have a staff of subservient minions at the ready to say YES to your every idea or request. We at dangtastic.com stand at the ready to serve you in whatever capacity you require.  You will not be disappointed. Together we will CHANGE EVERYTHING.

We'll change everything!!!!
Except our hats. We need our hats. Without our hats, we're nothing. Well, we're something but just not SOMETHING noamimsayn?

we'd be "Men Without Hats"
 
 
 
 
or most of us wood....

http://soundcloud.com/beaglesound/sets/featured-songs-1
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#75
SongCraft
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Re:Seth has left Cakewalk 2013/02/19 08:09:45 (permalink)
Now that Seth and others have all left the bakery, I suppose from here on in there will be changes, starting with the all new, 


Cupcake Producer.  


But will it be a more tastier, smooother edition? 


hmmm we'll all just have to wait and see. 

 
 
#76
djwayne
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Re:Seth has left Cakewalk 2013/02/19 08:21:11 (permalink)
Wow this sucks....guess there won't be anymore free webinars eh ?? That's too bad I really enjoyed those.
 
Good Luck Seth !!
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Re:Seth has left Cakewalk 2013/02/19 08:28:10 (permalink)
SongCraft


Now that Seth and others have all left the bakery, I suppose from here on in there will be changes, starting with the all new, 


Cupcake Producer.  


But will it be a more tastier, smooother edition? 


hmmm we'll all just have to wait and see. 


HAHA!  funniest post from Greg EVVVVA!!! 

http://soundcloud.com/beaglesound/sets/featured-songs-1
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#78
bitflipper
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Re:Seth has left Cakewalk 2013/02/19 10:16:57 (permalink)
Hey All,  Thanks so much for the well wishes and kind words. Just to be clear, it was not my choice to leave Cakewalk. For reasons unknown to me, current Cakewalk higher ups decided that the company's future would be better off without me. Roland had nothing to do with their decision, as far as I know. As for why I couldn't post with my old Cakewalk account, my access to all of my CW accounts, including my forum login, were frozen immediately when they decided to let me go (standard corporate policy, I imagine).  Seth 



I figured I'd better quote Seth's post just in case there's anybody actually moderating this forum who might be tempted to delete it.




All else is in doubt, so this is the truth I cling to. 

My Stuff
#79
The Maillard Reaction
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Re:Seth has left Cakewalk 2013/02/19 10:25:01 (permalink)
Roland had approximately 3,110 employees when they announced, last week, that they were planning to lay off a total of 350 employees in the music division. The music division is about half the company... the other half makes step motor robotic machines like digital printers and cnc mills.

It seems like this means 20% of the in house staff at the music division will be asked to resign.


The other news is that most of the high quality Japanese manufacturing will be abandoned and off shore contract production will replace it.

:-(


best regards,
mike






#80
djwayne
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Re:Seth has left Cakewalk 2013/02/19 10:29:48 (permalink)
Times are tough all over.
#81
Moshkiae
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Re:Seth has left Cakewalk 2013/02/19 10:30:58 (permalink)
Rain


First Brandon, off to Roland, now Seth leaving... Not to mention Greg H. 

Ron Kuper long gone. 
René no longer affiliated w/ Cake.

Who's left? 

You know that means that it's time for a new CHB song, right?
 
"You'll Never Have to Say GoodBye, Again!" might make a good title!

As a wise Guy once stated from his holy chapala ... none of the hits, none of the time ... prevents you from becoming just another turkey in the middle of all the other turkeys! 
  
#82
Zonno
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Re:Seth has left Cakewalk 2013/02/19 10:37:02 (permalink)
bitflipper



Hey All,  Thanks so much for the well wishes and kind words. Just to be clear, it was not my choice to leave Cakewalk. For reasons unknown to me, current Cakewalk higher ups decided that the company's future would be better off without me. Roland had nothing to do with their decision, as far as I know. As for why I couldn't post with my old Cakewalk account, my access to all of my CW accounts, including my forum login, were frozen immediately when they decided to let me go (standard corporate policy, I imagine).  Seth 



I figured I'd better quote Seth's post just in case there's anybody actually moderating this forum who might be tempted to delete it.


Clever move

Cakewalk, Reason 10, KOMPLETE 11, BIAB 2018, Roland OctaCapture, Finale 26, PCR-300, HP ZBook, Guitars 
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#83
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Re:Seth has left Cakewalk 2013/02/19 10:47:18 (permalink)
bitflipper
Hey All,  Thanks so much for the well wishes and kind words. Just to be clear, it was not my choice to leave Cakewalk. For reasons unknown to me, current Cakewalk higher ups decided that the company's future would be better off without me. Roland had nothing to do with their decision, as far as I know. As for why I couldn't post with my old Cakewalk account, my access to all of my CW accounts, including my forum login, were frozen immediately when they decided to let me go (standard corporate policy, I imagine).  Seth 
I figured I'd better quote Seth's post just in case there's anybody actually moderating this forum who might be tempted to delete it.
What he said about "standard corporate policy" is true.

I remember some people coming to the boss saying they couldn't log in to see their service calls on their hand held devices, and that's when the boss would tell them they were gone. They would be locked out before they even knew they were leaving.

They used to lead people out of the building by the arm where I worked. Being the assistant manager, I had to escort my boss, which was my best friend at the time, out with the Director of Service. That was a bad bad day. We worked together for 8 years.

I don't know what's going on, but these corporations are the scum of the Earth. The people that tend to end up there in management, are pretty much worthless in my opinion. Cold, heartless, self serving, and worthless. I thought I wanted it at one point, back before things changed ... but I'm glad I never got in to management now. I'd be fired anyway.

"I pulled the head off Elvis, filled Fred up to his pelvis, yaba daba do, the King is gone, and so are you."
#84
bitflipper
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Re:Seth has left Cakewalk 2013/02/19 10:50:18 (permalink)
Bloomberg
"Year over year, Roland Corp. has seen revenues fall from ¥78.3B to ¥74.8B. In addition, the company has been unable to reduce the percentage of sales devoted to cost of goods sold, SGA expenses and income tax expenses. This has led to a reduction in the bottom line from a loss of ¥694.0M to an even larger loss of ¥1.9B" 

IOW, they're spending too much on marketing. Might explain their move this year at NAMM from a prestigious space downstairs to the less-expensive 3rd floor. 

Being a publicly-traded company, annual reports are public and available online. You can compare them year-to-year and see that indeed all the music-related business units have been on a downward slide for a while.  (As have Yamaha's, but to a lesser extent. Yamaha is 10x the size of Roland and much more diversified.)  



Here's the 5-year history of Roland's stock price. Note the precipitous drop right after acquiring a majority stake in Cakewalk (coincidence, I'm sure):




But does any of this really impact Cakewalk? Probably not much; CW is such a tiny slice of Roland's business, I've read Ikutaro Kakehashi's autobiography, which makes it clear that Roland subsidiaries have always been independent business units that are expected to sink or swim on their own.


[EDIT: Jeez, just once I'd like to type in a post that doesn't have to be edited in order to be readable. I'd prefer a plain old BBS over this awful forum software!]


post edited by bitflipper - 2013/02/19 11:12:16


All else is in doubt, so this is the truth I cling to. 

My Stuff
#85
spacey
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Re:Seth has left Cakewalk 2013/02/19 10:53:34 (permalink)
bitflipper


Bloomberg
"[font="arial, helvetica, sans-serif; font-size: 13.333333015441895px; line-height: normal"]Year over year, Roland Corp. has seen revenues fall from ¥78.3B JPY[font="arial, helvetica, sans-serif; font-size: 13.333333015441895px; line-height: normal"] to ¥74.8B JPY[font="arial, helvetica, sans-serif; font-size: 13.333333015441895px; line-height: normal"]. In addition, the company has been unable to reduce the percentage of sales devoted to cost of goods sold, SGA expenses and income tax expenses. This has led to a reduction in the bottom line from a loss of ¥694.0M JPY[font="arial, helvetica, sans-serif; font-size: 13.333333015441895px; line-height: normal"] to an even larger loss of ¥1.9B"  [font="arial, helvetica, sans-serif; font-size: 13.333333015441895px; line-height: normal"]

[font="arial, helvetica, sans-serif; font-size: 13.333333015441895px; line-height: normal"]IOW, they're spending too much on marketing. Might explain their move this year at NAMM from a prestigious space downstairs to the less-expensive 3rd floor. 

[font="arial, helvetica, sans-serif; font-size: 13.333333015441895px; line-height: normal"]

[font="arial, helvetica, sans-serif; font-size: 13.333333015441895px; line-height: normal"]Being a publicly-traded company, annual reports are public and available online. You can compare them year-to-year and see that indeed all the music-related business units have been on a downward slide for a while.  (As have Yamaha's, but to a lesser extent. Yamaha is 10x the size of Roland and much more diversified.)
[font="arial, helvetica, sans-serif; font-size: 13.333333015441895px; line-height: normal"]

[font="arial, helvetica, sans-serif; font-size: 13.333333015441895px; line-height: normal"]But does any of this really impact Cakewalk? Probably not much; CW is such a tiny slice of Roland's business, I've read Ikutaro Kakehashi's autobiography, which makes it clear that Roland subsidiaries have always been independent business units that are expected to sink or swim on their own.


Ok....who took my blooming decoder ring?
post edited by spacey - 2013/02/19 10:55:30
#86
Bub
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Re:Seth has left Cakewalk 2013/02/19 11:04:50 (permalink)
Back home (New Jersey), my neighbors son was the head of IT for Bloomberg.

Bet he's gone now.

"I pulled the head off Elvis, filled Fred up to his pelvis, yaba daba do, the King is gone, and so are you."
#87
jbow
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Re:Seth has left Cakewalk 2013/02/19 11:23:02 (permalink)
I guess it is possible that something good could be coming but I fail to see how fewer people can get more things done. IK seems to be more interested in making products for i-pads, though they are still making products for Sonar....

This all makes me wonder if 3rd party companies will not be putting anything into products for Sonar until they are sure what is going on with Cake and Roland, I know I wouldn't be putting resources into something that has an uncertain future.

I think there is a much better chance that this is going to end badly for Sonar than there is that things are going to get fixed and continue to improve. It could be that a DAW like Reaper is hurting sales with their "full featured" DAW for 60 bucks. I know it is not Sonar but new users do not know the difference. Time will tell but I feel insecure about it.

J

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#88
The Maillard Reaction
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Re:Seth has left Cakewalk 2013/02/19 11:26:28 (permalink)


What 3rd parties?


VSTi seems as universal as any vendor can hope for and VST3 left us behind about 2 years ago. 


#89
jbow
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Re:Seth has left Cakewalk 2013/02/19 11:39:20 (permalink)
Sorry, what I meant is companies like IK who may be wondering if they should put any resources into products to work with Sonar until they know what is happening.

Sorry if I used the wrond words. Then again perhaps products that other companies make, that we use in Sonar work in other DAWs too, I don't know.

J

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#90
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