Just don't chew on any of the paint on the OTAs... Dick H -----Original Message----- From: az-observing-bounce@xxxxxxxxxxxxx [mailto:az-observing-bounce@xxxxxxxxxxxxx] On Behalf Of Stan Gorodenski Sent: Sunday, October 21, 2007 4:25 PM To: az-observing@xxxxxxxxxxxxx Subject: [AZ-Observing] Re: Meade Closing production in Californa > > >"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. > My guess is that the increasing flood in our market of cheap Red Chinese goods is a factor, and, obviously, American manufacturers are not on an equal playing field with Red China in many many ways. I interpret this, i.e., having to move their California based manufacturing operations to a lower cost location, to mean that the American public is not willing to pay a higher cost for American made products because of higher production costs to have these products manufactured in the U.S. Thus, companies have to increasingly turn to Red China to manufacture products for them under their name, or significantly reduce their profit margin to compete (somewhat a distortion of the meaning of the word) with similar products manufactured in Red China, which places them at more financial risk. The bright side is that we all get cheap products at the expense of having a healthy manufacturing base in our country. Stan >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" > > > -- See message header for info on list archives or unsubscribing, and please send personal replies to the author, not the list. -- See message header for info on list archives or unsubscribing, and please send personal replies to the author, not the list.