FreeLists / az-observing / [AZ-Observing] Meade Closing production in Californa

[<stars1@xxxxxxxxxxx>]

Meade's in some trouble.
 

This is a link to a 34 minute conference call describing all this from
Meade.   http://tinyurl.com/3ygps8

 

 

 

"On October 11, 2007, we announced a restructuring plan that would
significantly reduce our cost structure by moving our California- based
manufacturing operations to a lower-cost location. In addition, we announced
that the Board of Director's has formed a special committee and will engage
an investment bank to assist the Company in exploring strategic
alternatives. Such alternatives may involve a financial restructuring of the
Company's capital structure or potentially the sale of all or a portion of
the Company. At this time there can be no assurance that the Company will be
able to execute on any strategic alternatives"

 

 

Thomas Hilton

 



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