Peter Nachtwey
Member
I was wondering about what to use as the title of this thread. David Bowie’s Changes won out over Yes’ Perpetual Change. Like both and am a fan of both but they are both gone.
Anyway, as of 15 September, my business partner and I have sold our shares of Delta Computer Systems to the employees using a ESOP or employee stock option plan so I no longer own half of Delta Computer Systems. I think the employees got a good deal. There were other companies like Parker Fluid Power that would have bought us in a millisecond, but we felt they would have destroyed the company. My business partner and I settled for a little less so that Delta could continue as is.
Last June 30th Delta celebrated its 40th year. Not many companies last this long. In the past only 50% of the startups last over 5 years. This number needs to be revised downwards due to the virus and the totalitarian response to it. The percentage of companies that makes it to 50 years is very small.
In addition, Delta Computer Systems is changing its name to Delta Motion. We have been using deltamotion.com as our domain name so we think that legally changing out name to Delta Motion will not get challenged. You probably know there is a BIG company called Delta Electronics in Taiwan. We don’t want to be confused with them. Delta Motion just had the building repainted and in now says Delta Motion.
Obviously, my business partner and I will be paid for our shares overtime, so I am hoping for the company does well in the future, so we get our money. It should. Business has been good even though we are technically in a recession even though the government denies it. It is so good that now we are finally beginning to feel the effects of parts shortages. Until now we could often win projects just because we could deliver when others couldn’t deliver for 6 months or more. We are now at 6 weeks for some products.
I am still president, for now. I still have my big office where I stage different setups of equipment.
This will probably change at the end of the year.
BTW, someone pointed out that I was selected for the International Fluid Power Systems (IFPS) Hall of Fame a two years ago. I didn’t get formally inducted until last September due to the virus. I am helping the IFPS with their certification manual. The hydraulic people think of me as a hydraulic guy, but I really think of myself as a control expert as in control theory since I can apply what I know to systems outside of hydraulics or motion control.
Should I disappear and you need info on hydraulics, ask forum member Norm or Delta Computer Systems tech support.
So far retirement draws a perfect vacuum.
I am applying for citizenship in a second country. You can buy citizenships in about 12 other countries. If you see my flag/location change then you know I was successful.
Anyway, as of 15 September, my business partner and I have sold our shares of Delta Computer Systems to the employees using a ESOP or employee stock option plan so I no longer own half of Delta Computer Systems. I think the employees got a good deal. There were other companies like Parker Fluid Power that would have bought us in a millisecond, but we felt they would have destroyed the company. My business partner and I settled for a little less so that Delta could continue as is.
Last June 30th Delta celebrated its 40th year. Not many companies last this long. In the past only 50% of the startups last over 5 years. This number needs to be revised downwards due to the virus and the totalitarian response to it. The percentage of companies that makes it to 50 years is very small.
In addition, Delta Computer Systems is changing its name to Delta Motion. We have been using deltamotion.com as our domain name so we think that legally changing out name to Delta Motion will not get challenged. You probably know there is a BIG company called Delta Electronics in Taiwan. We don’t want to be confused with them. Delta Motion just had the building repainted and in now says Delta Motion.
Obviously, my business partner and I will be paid for our shares overtime, so I am hoping for the company does well in the future, so we get our money. It should. Business has been good even though we are technically in a recession even though the government denies it. It is so good that now we are finally beginning to feel the effects of parts shortages. Until now we could often win projects just because we could deliver when others couldn’t deliver for 6 months or more. We are now at 6 weeks for some products.
I am still president, for now. I still have my big office where I stage different setups of equipment.
This will probably change at the end of the year.
BTW, someone pointed out that I was selected for the International Fluid Power Systems (IFPS) Hall of Fame a two years ago. I didn’t get formally inducted until last September due to the virus. I am helping the IFPS with their certification manual. The hydraulic people think of me as a hydraulic guy, but I really think of myself as a control expert as in control theory since I can apply what I know to systems outside of hydraulics or motion control.
Should I disappear and you need info on hydraulics, ask forum member Norm or Delta Computer Systems tech support.
So far retirement draws a perfect vacuum.
I am applying for citizenship in a second country. You can buy citizenships in about 12 other countries. If you see my flag/location change then you know I was successful.