I just read a post over at a high torque website:

LATEST CANNONDALE INFO

After speaking with Cannondale insiders and outsiders in the know, here's the latest on the Cannondale situation.
• Yes, Cannondale has filed for Chapter 11 bankruptcy protection.
• If you own a Cannondale ATV, don't panic...yet. Our sources are confident that the quads will continue to be built, though not necessarily completely in the United States.
• The plan is for the Cannondale people to continue manufacturing bicycles (which has been profitable), and to sell the motorsports division (motorcycles and ATVs) to a buyer at an auction during the next week.
• No one knows who the buyer might be. Names being floated around include Polaris, Bombardier and Harley-Davidson. There is interest, so don't expect the Cannondale name to disappear.
• Currently, Cannondale doesn't appear to be offering warranty service on its quads, so you'll have to pay for any work yourself.
• It wasn't poor sales that sunk Cannondale ATVs--it was high production and R&D costs, plus an eroding stock market value (worth over $20 in '99, and less than a dollar just before bankruptcy).