Is it true Genesis is out of business?


I have heard this several times in recent months, and some people have found their website unavailable, but I have accessed the website often recently w/no problems. I think my Genesis 500's are the best speakers I have ever owned--of course, I haven't owned 'em all or heard 'em all, but these have remained in a constantly changing system for 5 yrs and I still love hearing them. If it's true that Genesis is folding, I'd look for great deals on the newer model 501's and other Genesis models. I've had several people lately tell me to stay away from Genesis, given their financial situation, but if I can get some of their speakers for huge discounts, why should I stay away? Is it because of warranty issues? My 500's have been perfect, and couldn't someone else fix a faulty speaker for me (for a price, of course) anyway? I have never had to use the warranty on a speaker, maybe that's just good luck, but I have never had one blow or melt or anything. Any other reason not to buy Genesis speakers at huge discounts, if possible?
sc53

Showing 1 response by frap

Vdub, Go to Wal-Mart, (or any other department store), walk up and down the isles, and tell me where everything is made!!
Arnie Nudell WAS Genesis, and was Infinity. Without Arnie, there is no Genesis, just as there is no Infinity right now.(dont tell me any of the stuff they are turning out even remotely resembles the Infinity of A. Nudell)
By the way, the Infinity EMIM and EMIT, (probably the worlds greatest achievement in driver design, were all made in Japan, by Tarnegin. Made in the USA, does not necessarily mean entirely.
I sincerely hope Arnie gets back into speakers, I am not sure anyone can touch him as a designer......Frank