Harmon has consistently been one of the best analog manufacturers for numerous reasons. Unlike some larger companies--the whole is worth far more than the sum of its parts. They've worked hard to balance serving the analog community against creating a sustainable business. Unless someone has information showing this VC firm looting and pillaging other companies, maybe we should give Harmon the benefit of the doubt. Maybe they see a potential for expanding the existing business--which could be a good way of making money and serving the analog community.
To expand their business, Leica sold a minority stake of their company to a venture capital firm. This gave them money to expand their business while still retaining control of the company. I would think that Harmon would have gone this route if their prime interest were to expand. Selling out completely to a VC firm gives them no say at all with business going forward. None.
It's my guess that their objective at Harman will be to reduce costs and possibly expand markets via licencing.
I am just happy that years back somewhere here on APUG Harman assured us they will be the last ones standing in BW.
First of all, we're using "venture capital" incorrectly. Pemberton is a private equity firm. See this definition.
It's an important distinction because the 2 types operate differently. It's my guess that their objective at Harman will be to reduce costs and possibly expand markets via licencing.
First of all, we're using "venture capital" incorrectly. Pemberton is a private equity firm. See this definition.
It's an important distinction because the 2 types operate differently. It's my guess that their objective at Harman will be to reduce costs and possibly expand markets via licencing.
The clear intent is to increase revenues. They have announced this will be done by reaching out to a new generation that "get it" as the "old generation" has forgotten what it's like to have optimism in their hearts and minds.
I'll say it again, for this to turn out well there is going to have to be an absolutely huge exception to the regular dance performance. Because everyone knows the dance.
Ken
One of the best ways to boost profitability would be to build the new factory. I would venture to guess that new owners have more financial, legal, and political muscle to help the property owners make that happen.
This doesnt explain why Harman sold out. See the Leica example given above. Why sell the entire company?
Harman is exiting the film business. They are reducing their own costs and will have zero say with the new owners regarding future movements.
Well, to be honest we really don't know the details of the deal. At this point, all of this thread has been nothing but pearl clutching and hand wringing without any solid evidence that this deal is good or bad.
This sort of wild speculation is ridiculous. So far there's been no indication that this is to be the case. Private equity firms prefer to make money, not kill the golden goose.
You suggest that Harman will still be in the film business after selling Harman?
This doesnt explain why Harman sold out. See the Leica example given above. Why sell the entire company?
You suggest that Harman will still be in the film business after selling Harman?
You suggest that Harman will still be in the film business after selling Harman?
You suggest that Harman will still be in the film business after selling Harman?
Maybe they intend to flip it to Kodak Alaris for a profit.
Finally, the annual film production run of specialized sizes is unique in the film industry and I for one would seriously miss it if it were to go away.
Harman is exiting the film business. They are reducing their own costs and will have zero say with the new owners regarding future movements.
Matt, do you really think Alaris has the means to take that on?
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