Bloomberg is reporting this 2am Monday 11/14/16.... can't find any other news on this transaction....
Bloomberg is reporting this 2am Monday 11/14/16.... can't find any other news on this transaction....
...Sidney [RIP] and Jane hit the social scene...
What an interesting turn of events, especially for Allan Devantier and Jerry Moro
The solution to the problem changes the problem.
-And always remember that all of your equipment was made by the lowest bidder
This should be interesting...or devastating.
DIY Array, 2242 sub, 4408, 4208, Control 8SR, E120 Guitar cab, Control 1, LSR305.
For me it's getting harder to even care.
Oldsmobile Pontiac and Mercury are gone, brands I just thought would be around for ever.
The mission critical dbx and Crown stuff is still made here and for the moment so I am going to try to fill in my want list before the future obscures my abilities to buy from home.
It's funny, for several reasons I bought a pair of Danley SH50's and they have become my easy favorite overall for casual listening. I guess there is still somewhere to shop for me.
At least Music Group didn't get JBL.
Barry.
If we knew what the hell we were doing, we wouldn't call it research would we.
"Nearly a decade ago, private-equity firms backed out of an $8 billion deal to buy Harman International Industries Inc. amid concerns the stereo-maker’s worsening financial condition rendered it worth less than the price they agreed to pay.
The deal also vindicates Mr. Paliwal’s turnaround efforts at Harman. He took over the company in 2007 when Harman’s late founder Sidney Harman stepped aside. Mr. Paliwal closed factories, dropped unprofitable product lines, cut new-product roll outs and reshaped the board to get the ball rolling on reviving the company."
http://www.wsj.com/articles/harman-o...ace-1479146323
so let me get this right.
HARMAN was almost sold a decade ago for $8B. Darth Paliwal came in and slashed/burned , then nearly 10 years of this later , now can sell the company for the same $8B (now in 2016 dollars) ??
Some kind of happiness is measured out in miles
Sounds about right.Originally Posted by SEAWOLF97
The automotive business has been keeping Harman's head above water since before I started working there in 2009. Without it, the company probably would have been forced to close its doors years ago, so I wouldn't be so quick to look askance at it.
Harman has thousands of software engineers (all in Asia) with experience integrating electronics and control systems into vehicles and connecting them with personal devices. I'm sure that's the real reason Samsung was willing to shell-out $8billion for the company. The fact that Samsung made a major investment in its audio division a couple of years ago bodes well for the continued survival of the JBL brand. And JBL products will once again be able to benefit from the considerable talents of Alan Devantier and Jerry Morro!
Yep.
Widget
My current (and likely last) DIY speaker build will eventually have all JBL Pro drivers (2242, 2012, and 2453H-SL/2452H-SL), my next set of speakers are most likely going to be Danley Sound Labs unless Samsung surprises me and returns JBL to it glorious past when it actually supported DIY (unlikely).
Dibs on the 4365s!
You're in my will, but,, which one of us will live longer?Dibs on the 4365s!
Barry.
If we knew what the hell we were doing, we wouldn't call it research would we.
JBL has been gone for years in my mind. I'm glad I have some of the older JBL drivers from the better days of old!
Ron
JBL Pro for home use!
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