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Thomson dumping Grass Valley

7 replies [Last post]
Thu, 01/29/2009 - 18:03
Rick Edwards
User offline. Last seen 14 years 23 weeks ago. Offline
Joined: 18 Aug 2005

Thomson is dumping Grass Valley and trying to find a buyer....

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Fri, 01/30/2009 - 02:39
#1
XLNTeditor
User offline. Last seen 11 years 47 weeks ago. Offline
Joined: 18 Aug 2006
[quote="Mike Cumbo"]Rick, I think "dumping" is a little harsh. I would also bet that at various times the folks in Sony's boardroom have talked about divesting the video production equipment side as well. I am waiting on Sony to drop some technology line. They aren't all that financially fit themselves.[/quote] Hey Mike. That's Rick talking. Sony = good. All others = bad. :-) Irv
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Fri, 01/30/2009 - 00:33
#2
Rick Edwards
User offline. Last seen 14 years 23 weeks ago. Offline
Joined: 18 Aug 2005
[quote="JohnHowardSC"]It's interesting to me that this comes to light today, the same day SONY announces a 95% drop in quarterly profits. That's 10.4 BILLION Yen for those keeping score at home ... http://www.usatoday.com/money/companies/earnings/2009-01-29-sony-net-profit-tumbles_N.htm[/quote] Not that it's still not a sh*t pile of money, but the PROFIT was 10.4 Billion Yen (about $115 Million). It was 202 Billion Yen last year. "The Japanese electronics icon said net profit sank to $115.6 million (10.4 billion yen) from 200.2 billion yen a year earlier during the fiscal third quarter. Revenues fell 25% to 2.15 trillion yen from 2.86 trillion yen."
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Fri, 01/30/2009 - 00:27
#3
Mike Cumbo
User offline. Last seen 2 years 44 weeks ago. Offline
Joined: 18 Aug 2005
Stephan, that is why we have lawyers. Consider service contracts, parts supply and all the fun.
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Fri, 01/30/2009 - 00:24
#4
sahonen
User offline. Last seen 14 years 23 weeks ago. Offline
Joined: 18 Aug 2005
If Grass gets sold, who keeps which products/product lines? Especially the Kayak, which is more of a Thomson product made up to look like a Grass product.
- Stephan Ahonen
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Thu, 01/29/2009 - 23:48
#5
Mike Cumbo
User offline. Last seen 2 years 44 weeks ago. Offline
Joined: 18 Aug 2005
Just think if Thompson was the only game left in 12-18 months? Or, some small unknown company that builds boxes one by one?? There is a company that makes audio DA's that started out in a garage. I wonder how the live graphics companies are doing? There was a rumor during the summer that Avid was going to drop the Deko line. It still shows on their web site.
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Thu, 01/29/2009 - 23:19
#6
JohnHowardSC
User offline. Last seen 14 years 23 weeks ago. Offline
Joined: 21 Aug 2005
It's interesting to me that this comes to light today, the same day SONY announces a 95% drop in quarterly profits. That's 10.4 BILLION Yen for those keeping score at home ...
John Howard Independent Technical Director Columbia, SC
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Thu, 01/29/2009 - 19:34
#7
Mike Cumbo
User offline. Last seen 2 years 44 weeks ago. Offline
Joined: 18 Aug 2005
Rick, I think "dumping" is a little harsh. I would also bet that at various times the folks in Sony's boardroom have talked about divesting the video production equipment side as well. I am waiting on Sony to drop some technology line. They aren't all that financially fit themselves. The big question in this is who else may be up for sale or dropped from a company's product line? Remember when 3M made routers? I would love to know who thought that made sense in that company? Lovely times we live in.
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