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Going, going, gone!
Westborough, MA. October 20, 2000 -
It was an eerie feeling touring through Alden this morning accompanied by an
armed sheriffs deputy. Other than papers spread around in a few places, it
was as if some terrible force had sucked the place clean of people and we
were viewing the aftermath. Which is literally what happened not many weeks
ago. In this case though, the force was the sheriff seizing the place under
The physical assets of Wels Research, dba Alden Electronics were auctioned
off this morning by the Worcester County Sheriff. The auction started just
after 10am and ended within 10 minutes. The assets were sold in 2 lots, all
to the benefit of a secured creditor First Sierra Corporation.
The rules were certified funds or cash, everything purchased had to be off
the property by 5pm on Monday the 23rd. The space is already rented and the
new tenant moves in Nov. 1. Certain items were withheld from the auction,
the generators, the UPS and anything physically attached to the building,
including the computer room floor and walls. A couple of computers were
also withheld as they were the property of Unisys and they were there to
claim them. Also the accounting software and records were not included in
The sheriff announced that his intent was to sell everything in lots and
that anyone interested in pieces should negotiate with the purchaser of the
The first lot was a batch of computer and monitors (26) described as 6 fully
functional, the rest described as in pieces. The landlord was the only
bidder at $1000.
The remainder of the first lot was a pair of Acer Pentium II notebook
computers w/6GB harddrive, 128MB ram, WinNT, Office2000, new, in the box,
with docking stations. Ron Guy bought for $500 for the pair.
The second lot (the unsecured items, but still to the benefit of the secured
creditor) consisted of the phone system which the landlord bought for $1000,
and everything else, which the landlord bought for $7000. The only other
bidder on the bulk of the contents was Unisys who dropped out at $6500. So,
the total realized from the sale was $9500.
The landlord refused to go through stuff today with anyone from the area, as
he wanted the opportunity to take bids on the contents of file cabinets,
computers, etc. The contents included all drawings and documentations for
products, customer lists, spare parts, etc. He made the comment that he
wasn't going to part with a file cabinet for a couple of hundred dollars
when the contents may be worth ten thousand. His attorney made the comment
that they didn't want to hold a giant yard sale today, the landlord replied
with "No, not today. Maybe next week they would have a yard sale after the
big stuff and file contents were taken care of."
They also had delivered two 10 yard dumpsters to aid in the removal of the
contents. It sounded like anything not purchased would wind up in the
Following the after auction chit-chat, someone made a comment to the
landlords attorney that the creditor didn't make out very well. The
attorney replied something to the effect of - 'it isn't over yet, we're
going after them for sheriff's costs plus storage fees. They won't get any
of the money.'
Former Alden employees present for this final sendoff were myself, Kevin
O'Reilly, Jerry Chenis, Roland Blanchard, Roger Lavallee, Russ Phipps, Joe
Stanovich, Eric Dorsey, Jeff Bessom, Mike Connelly, Bill Hylands and Dave
Lehto. Companies that attended included Unisys, interested in Wx stuff, EPC
Labs and GeoAcoustics both interested in the CTP printer.