Heck it looks like the other 20% "ownership" is merely a payout to
the CEO of YaesuVertex...who probably is a major stockholder anyway.
But it certainly looks better ...certainly to those who are employed
by Yaesu/Standard....
Paul AC said: But after the wedding, the truth in organizational structure and
long-term objectives always comes out.
FORGET LONG TERM OBJECTIVES,,,,HOW ABOUT NEXT FEW FISCAL CYCLES !!!!!
ouch.... "as another one bites the dust:"
bill
At 06:08 AM 11/6/2007, Paul Christensen wrote:
> > "Motorola bought them with the usual flurry of press releases, promises
> > etc. Storno (or 'Stornorola' as they got called) have disappeared, and
> > few, if any employees are still employed by Motorola."
>
>According to the press release, if the deal goes through, Motorola will have
>80% controlling interest in VS (Yaesu). Here in the U.S., such announced
>deals are often referred to as mergers, joint-ventures (e.g., the recent
>press release), or an acquisition. These are all terms used to soften the
>blow to employees and vendors in the industry. But such a purchase needs to
>be called what it truly is: a take-over of VS.
>
>What has kept VS and Icom producing leading-edge equipment has been a ham at
>the helm of the company -- much the same way that Art Collins stayed in the
>ham business when for all intents and purposes he could have left the
>amateur market with the execution of the first U.S. Government contract in
>the 1930s.
>
>I have lived through several take-overs in the telecom industry, including
>deals with AT&T, MediaOne, Comcast, and numerous buy-outs in the
>broadcasting industry. The courtship is filled with many optimistic
>promises and so many people (financial analysts, shareholders, and
>employees) are all too gullible as they take these promises "hook, line, and
>sinker." But after the wedding, the truth in organizational structure and
>long-term objectives always comes out.
>
>Paul, W9AC
>
>
>
>
>
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