Read this via the Velo News. Cannondale has been bought by the same company that ruined the reputation of Schwinn and GT. The same company that brings such fine reasonably priced (that is sarcasm folks) Schwinn and Pacific bikes to WalMarts, KMarts, and Target near you. And they are pretty worthless. When they fail, and they will fail, they are hard to repair and often cost more than the owner paid to begin with. Disposable bikes in a world that needs less disposable and more people riding bikes.
Sure they talk about splitting the company in two and that the Cannondale Sports division will focus on direct to bike shop sales. Whoopie. I can hardly wait. I've owned several beer can mobiles and I actually like them. I've come to respect and appreciate a steel ride more, but for what I got at the time, I liked. Cannondale for a time was the only big company marketing a bicycle for touring and it came with fenders included. At one time a real leather Brooks saddle too.
So it goes