HAR Buyout failed at $120 Now $26.50

[4345]

Wow. That is a mighty big drop in value. I hope it goes back up for the stockholders sake. I wonder what effect this will have on marketing decisions.

[BMWCCA]

Looks like they should be used to it by now:

http://finance.yahoo.com/echarts?s=H...urce=undefined

[soundmanshorty]

Looks like they should be used to it by now:

http://finance.yahoo.com/echarts?s=H...urce=undefined

When you flood the market with undesirable product, and dont offer what people want with arogance this is what you get.

There are alot of speaker and amp companies offering what people WANT, so this is the result. This is a company that has had reckless regard for the companies thety have destroyed, they had great products at 1 time that sounded good, and they discontinued them. again this is the result a company with next to 0 value now, I hope this company folds all together.

[10 Watt Street]

I read the rest of this in the print edition, quite interesting:

http://online.wsj.com/article/SB1222...oo_hs&ru=yahoo

[hjames]

When you flood the market with undesirable product, and dont offer what people want with arrogance this is what you get.
...
again this is the result a company with next to 0 value now, I hope this company folds all together.

Well, that seems like a funny "thank you" for the time you've spent using their products and sharing your trade on this website.

Frankly, I have enough Harman stuff around that I sincerely hope they DON'T fold ... I've really enjoyed the products I've bought from them! The whole audio business has gone through MANY changes since the boom years of the 70s - so many other companies (good or bad) have gone, I'd sure like to see JBL stick around ...

And as to Companies with Arrogance - heck, look at the whole Detroit car bidness - there is so much misguided junk sold from the big tree - and the junk of the last 30 years hasn't doomed any of them but AMC/Jeep (yes, I know Jeep is here, but some would argue its hardly the same Jeep).

[Tweak48]

When you flood the market with undesirable product, and dont offer what people want with arogance this is what you get.

There are alot of speaker and amp companies offering what people WANT, so this is the result. This is a company that has had reckless regard for the companies thety have destroyed, they had great products at 1 time that sounded good, and they discontinued them. again this is the result a company with next to 0 value now, I hope this company folds all together.

I think HI has been a wonderful steward of JBL, harman/kardon, and Infinity, just to name a few. Furthermore, I consider Sid Harman to be a national treasure, who has contributed much to American culture through his products and technology.

What other CE-audio industrial giant has the commitment to product excellence that would staff a major R&D organization with engineering talent the likes of Dr. Floyd Toole?

If they can be criticized for anything in terms of "share value", it's a lack of obsession with the bottom line. It is much the same way the Costco (warehouse store chain) is criticized by market analysts: Costco doesn't charge customers enough and their pay and benefits to employees are too generous.

[Titanium Dome]

Look at Microsoft's chart. It's selling at $26 (down from $35).

How about Apple? It's selling at $81 (down from $198).

Philips Electronics (incl Denon and Marantz) is at $24 (down from $45)

Samsung is at 24,100 Won (down from 70,900 won).

There are many other examples, but it's obvious everyone is down--way down. Add in Harman's problems with succession, its near rape by Kohlberg Kravis Roberts and Goldman Sachs (a widely despised group of blood sucking money grubbers who routinely destroy jobs and companies in the interest of lining their own pockets--all of whom should live miserable, mean, petty, and painful lives followed by eons in a torturous hell), and the legacy of support they still provide for many long out of production products,, and I'm not sure why anybody would
1) be surprised the stock is down,
2) go out of their way to insult the company and its products, and
3) wish that the company, its worldwide employees, its brands, and it holdings would go away.

[BMWCCA]

How about Apple? It's selling at $81 (down from $198).

Hey! I put in an alert for $90, I thought. Must have been $80. Makes up for when I didn't buy it at $76 a while back. Oh, I see it closed the day at over $98. Still a way down from a 52-week high of $202. Must be because they gave me a free MacBook Pro replacement . . . back when their stock was at $200. It's all my fault.

[Mr. Widget]

Must be because they gave me a free MacBook Pro replacement . . . back when their stock was at $200. It's all my fault.

Apple's customer service is outstanding. Mrs. Gadget got an almost free MacBook Pro replacement for her dead PowerBook... she had to pay $125. That is what the out of warranty repair on the old un-repairable PowerBook would have been.

You know, JBL used to be like that... I remember getting a nice note after a free "warranty" repair from JBL letting me know that factory inspection detected user abuse, but they fixed the drivers anyway. What a company!


Widget