Monday, 13 January 2003
Jerry Del Colliano
to pressure from members of the board who were holding him personally
responsible for AOL-TimeWarner’s sluggish performance, AOL-TW’s CEO,
Steve Case resigned on Sunday. Case will remain on the Board. It
doesn’t take a fly on the wall at one of their board meetings to figure
out who Case was talking about regarding the criticism of Case’s
leadership. And that same guy, Ted Turner, may very well get a shot at
running the whole show.
Monday, 30 December 2002
Recoton Sells NHT Loudspeakers To Rockford
With a 52 week high of over $15 per share and a current price of just over a $1.00 per share, AV giant Recoton has sold NHT (Now Hear This) to Phoenix based Rockford recently according to industry trade magazine Twice. This is likely a move by Recoton to become more nimble and to foster what has been a little recovery in its stock price. Their stock has been as low as $0.52 per share as recently as September 2002 which, if sustained, often means a dreaded delisting from the market it is traded on.
Thursday, 12 December 2002
EchoStar and Hughes Terminate Proposed Merger Agreement
EchoStar Communications Corporation (Nasdaq:DISH), General Motors and its subsidiary, Hughes Electronics Corporation (NYSE: GM, GMH), have announced that the companies have reached a settlement to terminate the proposed merger of Hughes and EchoStar, effective immediately.
Tuesday, 12 November 2002
Dunlavy Officially Out of Business After Recent Restructuring
All of the positive press over the years and the recent restructuring of the company couldn’t save Dunlavy Loudspeakers. A one sentence announcement informs prospective clients that the company "has ceased operations as of November 7, 2002" on the Dunlavy website.
The Washington Post is reporting that EchoStar, parent of Dish Network, isn’t giving up after being dealt a crushing loss this month by the FCC, which rejected EchoStar's $18 billon bid for GM’s DirecTV.