18 Oct
2002
18 Oct
'02
10:29 p.m.
BlankI was just reading in a CE trade journal that Kenwood lost $218 million last year. That might explain why we haven't seen much product output from them. They are laying off 30% of their work force in a consolidation and closing some plants. The press release says that they are keeping their US communications division largely intact. They are raising new capital and hope to return to profitability in their next FY. 73, Walt W0CP
