This is going on all over the model engineering fraternity, jumping to conclusions.
Over the last week or so, Myford has registered four new trading names,
MYFORD LIMITED 07696313 07/07/2011
MYFORD MACHINE TOOLS LIMITED 07694334 05/07/2011
MYFORD SALES LIMITED 07694244 05/07/2011
MYFORD SALES ONLINE LIMITED 07695396 06/07/2011
Whether this is to protect the Myford name if it does close down, or an attempt to bring it up to date, as it has been working with 1960's practices up until now, is anyone's guess, and as it stands, it is guesswork and rumour mongering, as only Myford know what is going on.
I would suggest we all wait until next week, when Myford said they will be giving us an update (from the horse's mouth, so to speak), before jumping to unfounded conclusions.
What you are doing here with your speculation could be spoiling Myfords chances of maybe making a recovery, and they have enough to worry about at this time as it is.
Just to make a point, I am not a great Myford fan at all, but even so, I wouldn't want my actions and thoughts to bring down a much loved and well respected (by other people) institution.
John