Madrigal is Closed

Theo, sorry to burst your bubble.
ALL of the hourly employees were cut; dead.
Most of the salary employees are being kept on for 2 months in an "on call" status; then terminated. (This includes the entire top end, high paid sales staff.)
VERY few employees were actually asked to relocate and become Lexicon employees.

The building is CLOSED!
Reps are reptiles! (Did you hear something from a rep firm or someone inside?) He is being told what to say for now because Lexicon doesn't have all of the details worked out; they don't plan on communicating the facts to the dealers or distributors until next week!

Madrigal used to run 5 brands:

Madrigal Imaging - Sold last year
Proceed - Dead
Audioaccess - JUST transferred before the end of the fiscal year to JBL/Harman Consumer Group
Revel - Was and will be manufactured in the JBL Pro plant in CA; Madrigal only administered the brand
Mark Levinson - The flagship of Madrigal will now be engineered and ASSEMBLED at Lexicon. The decisions have been made to farm out as much as possible (even if this means sending work to China).

Jayarr,

Thanks for the condolences. The plant was mismanaged for the past 7 years, leading up to this "tightening of the belts". The economy has definitely not helped, here or elsewhere.

Gorf, my appologies, but a rep was probably doing just that "damage control" You seem to be a lot closer to the fire than he is.
Best Wishes

I guess the only thing that bothers me is that the brand Mark Levinson was the people that made it, not some design in a CAD program that can be made overseas by cheap labor. I think Mark Levinson may of just taken the leap into Mid-Fi. I know Levinson product to be made in the US by US workers with the attention to detail that a fine piece of equipment deserves and requires. It was truly a luxury item, now I hope Lexicon doesn't turn it into some foreign made product with an American label, that would truly be sad.

~^~ Gadget ~^~

Article from >Middletown Press

No insult meant to the majority of Audiogon-members I have come to respect - but after reading the story on the closing of Madrigal, employees showing up for work and being told they are all fired and shall collect their belongings and leave the building, I am glad - at least at this moment - that the kind of capitalism we have in Germany is different from that in the US (although we sure could need some of the dynamics)...