I just found out in a round-about way that digital lighting and display company Barco let some more High End Systems employees go last week. And JUST in time for the holidays, too! How fantastic.
You know, I am no MBA holder, nor would I know how to conduct a multi-million dollar business, so I won’t. But I do have to say that it seems to me like you are trying to erase an American lighting icon from the industry altogether. I have a problem with that. Does it matter what I think? More than likely not in this case. I have a suggestion, though – why don’t you come on over from Belgium and get to know the people and equipment that people like?
The stock picture – six months:
The last two days (December 15-17, 2009):
On November 27, Barco acquired another business entity, FIMI Medical Imaging. From Reuters:
Dow Jones reported that Barco NV has reached an agreement with Koninklijke Philips Electronics NV about the acquisition of FIMI. Koninklijke Philips Electronics NV is to sell FIMI for EUR 19 million in cash and the agreement includes an earn-out-construction from which it will earn EUR 10 million in the next five years. The transaction is expected to be completed at the end of 2009.
From Barco’s press release:
Eric Van Zele, Barco’s President and CEO, stated: “Our Medical Imaging Division has been performing strongly in recent years both sales and profit-wise. The acquisition of FIMI fits well within the overall growth strategy of the division as it further strengthens our existing product portfolio, opens opportunities in new segments of medical imaging, and strengthens our strategic relationship with Philips.”
Well, I really hope that you’re going to do more with the High End Systems brand. Those people are good people, and you have an asset in Richard Belleveau. I hope you realize that and understand the entertainment industry before you spill white-out all over history and innovation. You could be an industry leader. Don’t forget, they were doing things well way before you.
