On Mon, 03 Dec 2007 02:58:26 GMT, "JoeSpareBedroom"
wrote:

"HK" wrote in message
...
Short Wave Sportfishing wrote:
On Mon, 03 Dec 2007 01:48:34 GMT, "JoeSpareBedroom"
wrote:

"HK" wrote in message
. ..

Are you saying that Raytheon's defense business doesn't make an
important contribution to the quality of its tech support for its
other customers? That's what I said in the paragraph which I've
repeated below, in case you've already lost track of the
conversation.

"I'd tell you what's paying for that great service, but it would
turn this
into a political discussion. It's enough to say that it's your tax
dollars,
and that you should buy as much RTN stock as you can afford, along
with some
HRS."
Perhaps a bit less obscurity in your initial posit would have been
helpful.

Was it obscure to you?

No, but I don't watch Faux News or listen to Reich Wing Radio or read
the NY Post.
What???

You need news sources to have a clue about Raytheon's business?

You do know that Raymarine has not been a business division of
Raytheon since 2001 right?

Was the buyout complete? I thought Raytheon still held a percentage of
ownership. Also, wasn't some overseas company involved in the original
divestiture?

Yep.

Um...no - Raytheon does not have any interest in Raymarine.

The Recreational Products Division was sold to management in a
levereged buy out with backing from British private equity firm
administered by KPMG.

It has no affiliation to Raytheon.

"Short Wave Sportfishing" wrote in message
...
On Mon, 03 Dec 2007 02:58:26 GMT, "JoeSpareBedroom"
wrote:

"HK" wrote in message
...
Short Wave Sportfishing wrote:
On Mon, 03 Dec 2007 01:48:34 GMT, "JoeSpareBedroom"
wrote:

"HK" wrote in message
. ..

Are you saying that Raytheon's defense business doesn't make an
important contribution to the quality of its tech support for its
other customers? That's what I said in the paragraph which I've
repeated below, in case you've already lost track of the
conversation.

"I'd tell you what's paying for that great service, but it would
turn this
into a political discussion. It's enough to say that it's your tax
dollars,
and that you should buy as much RTN stock as you can afford, along
with some
HRS."
Perhaps a bit less obscurity in your initial posit would have been
helpful.

Was it obscure to you?

No, but I don't watch Faux News or listen to Reich Wing Radio or read
the NY Post.
What???

You need news sources to have a clue about Raytheon's business?

You do know that Raymarine has not been a business division of
Raytheon since 2001 right?

Was the buyout complete? I thought Raytheon still held a percentage of
ownership. Also, wasn't some overseas company involved in the original
divestiture?

Yep.

Um...no - Raytheon does not have any interest in Raymarine.

The Recreational Products Division was sold to management in a
levereged buy out with backing from British private equity firm
administered by KPMG.

It has no affiliation to Raytheon.


I stand corrected. Last I read was in the middle of the reorg, which must've
been momentarily as Harry described it (2000-2001-ish?) I thought they were
maintaining a minor interest.

On Mon, 03 Dec 2007 03:07:39 GMT, "JoeSpareBedroom"
wrote:

"Short Wave Sportfishing" wrote in message
.. .
On Mon, 03 Dec 2007 02:58:26 GMT, "JoeSpareBedroom"
wrote:

"HK" wrote in message
...
Short Wave Sportfishing wrote:
On Mon, 03 Dec 2007 01:48:34 GMT, "JoeSpareBedroom"
wrote:

"HK" wrote in message
. ..

Are you saying that Raytheon's defense business doesn't make an
important contribution to the quality of its tech support for its
other customers? That's what I said in the paragraph which I've
repeated below, in case you've already lost track of the
conversation.

"I'd tell you what's paying for that great service, but it would
turn this
into a political discussion. It's enough to say that it's your tax
dollars,
and that you should buy as much RTN stock as you can afford, along
with some
HRS."
Perhaps a bit less obscurity in your initial posit would have been
helpful.

Was it obscure to you?

No, but I don't watch Faux News or listen to Reich Wing Radio or read
the NY Post.
What???

You need news sources to have a clue about Raytheon's business?

You do know that Raymarine has not been a business division of
Raytheon since 2001 right?

Was the buyout complete? I thought Raytheon still held a percentage of
ownership. Also, wasn't some overseas company involved in the original
divestiture?

Yep.

Um...no - Raytheon does not have any interest in Raymarine.

The Recreational Products Division was sold to management in a
levereged buy out with backing from British private equity firm
administered by KPMG.

It has no affiliation to Raytheon.

I stand corrected. Last I read was in the middle of the reorg, which must've
been momentarily as Harry described it (2000-2001-ish?) I thought they were
maintaining a minor interest.

As I remember it, they held an interest for six months until the
inventory and brands/trademarks/copyrights were organized and
transferred and Raymarine stopped using Raytheon facilities in
Newport, RI.

Raymarine moved out of Newport to their own facility in NH. Once that
happened, Raytheon divested the entire division.

I think it was in 2001 and something like 100 million changed hands.

Now whether Raytheon has money in the British PEF, I have no idea and
I seriously doubt if you could ever find out.

On Mon, 03 Dec 2007 03:04:54 GMT, Short Wave Sportfishing
wrote:

Um...no - Raytheon does not have any interest in Raymarine.

The Recreational Products Division was sold to management in a
levereged buy out with backing from British private equity firm
administered by KPMG.

It has no affiliation to Raytheon.

Which is really too bad because Raytheon made some first rate
equipment.

On Sun, 02 Dec 2007 22:50:09 -0500, Wayne.B
wrote:

On Mon, 03 Dec 2007 03:04:54 GMT, Short Wave Sportfishing
wrote:

Um...no - Raytheon does not have any interest in Raymarine.

The Recreational Products Division was sold to management in a
levereged buy out with backing from British private equity firm
administered by KPMG.

It has no affiliation to Raytheon.

Which is really too bad because Raytheon made some first rate
equipment.

Yeah they did, but the entire rec marine engineering staff came with
the buy out.

Don't know if they are still there though.

Short Wave Sportfishing wrote:
On Sun, 02 Dec 2007 22:50:09 -0500, Wayne.B
wrote:

On Mon, 03 Dec 2007 03:04:54 GMT, Short Wave Sportfishing
wrote:

Um...no - Raytheon does not have any interest in Raymarine.

The Recreational Products Division was sold to management in a
levereged buy out with backing from British private equity firm
administered by KPMG.

It has no affiliation to Raytheon.
Which is really too bad because Raytheon made some first rate
equipment.

Yeah they did, but the entire rec marine engineering staff came with
the buy out.

Don't know if they are still there though.


Since it was a management buy-out and therefore there was some incentive
for the company to "make it," maybe some did. In the usual conglomerate
buy-out these days, the best thing smart employees usually can do is
desert the stinking ship before the massive layoffs begin.

I've actually seen a tee-shirt saying "Screw the New Corporate Owners
Before They Screw Us!"

HK wrote:
Short Wave Sportfishing wrote:
On Sun, 02 Dec 2007 22:50:09 -0500, Wayne.B
wrote:

On Mon, 03 Dec 2007 03:04:54 GMT, Short Wave Sportfishing
wrote:

Um...no - Raytheon does not have any interest in Raymarine.

The Recreational Products Division was sold to management in a
levereged buy out with backing from British private equity firm
administered by KPMG.

It has no affiliation to Raytheon.
Which is really too bad because Raytheon made some first rate
equipment.

Yeah they did, but the entire rec marine engineering staff came with
the buy out.

Don't know if they are still there though.


Since it was a management buy-out and therefore there was some incentive
for the company to "make it," maybe some did. In the usual conglomerate
buy-out these days, the best thing smart employees usually can do is
desert the stinking ship before the massive layoffs begin.

I've actually seen a tee-shirt saying "Screw the New Corporate Owners
Before They Screw Us!"


It sounds like they are the kind of employee everyone wished would quit.

HK wrote:
Short Wave Sportfishing wrote:
On Sun, 02 Dec 2007 22:50:09 -0500, Wayne.B
wrote:

On Mon, 03 Dec 2007 03:04:54 GMT, Short Wave Sportfishing
wrote:

Um...no - Raytheon does not have any interest in Raymarine.

The Recreational Products Division was sold to management in a
levereged buy out with backing from British private equity firm
administered by KPMG.

It has no affiliation to Raytheon.
Which is really too bad because Raytheon made some first rate
equipment.

Yeah they did, but the entire rec marine engineering staff came with
the buy out.

Don't know if they are still there though.


Since it was a management buy-out and therefore there was some incentive
for the company to "make it," maybe some did. In the usual conglomerate
buy-out these days, the best thing smart employees usually can do is
desert the stinking ship before the massive layoffs begin.

I assume you have never been offered a retention bonus?

I've actually seen a tee-shirt saying "Screw the New Corporate Owners
Before They Screw Us!"

That depends, sometimes the New Corporate Owners are better than the Old
Corporate Owners.

BAR wrote:
HK wrote:
Short Wave Sportfishing wrote:
On Sun, 02 Dec 2007 22:50:09 -0500, Wayne.B
wrote:

On Mon, 03 Dec 2007 03:04:54 GMT, Short Wave Sportfishing
wrote:

Um...no - Raytheon does not have any interest in Raymarine.

The Recreational Products Division was sold to management in a
levereged buy out with backing from British private equity firm
administered by KPMG.

It has no affiliation to Raytheon.
Which is really too bad because Raytheon made some first rate
equipment.

Yeah they did, but the entire rec marine engineering staff came with
the buy out.

Don't know if they are still there though.


Since it was a management buy-out and therefore there was some
incentive for the company to "make it," maybe some did. In the usual
conglomerate buy-out these days, the best thing smart employees
usually can do is desert the stinking ship before the massive layoffs
begin.

I assume you have never been offered a retention bonus?

I've actually seen a tee-shirt saying "Screw the New Corporate Owners
Before They Screw Us!"

That depends, sometimes the New Corporate Owners are better than the Old
Corporate Owners.



I believe that might have been the case more often a few decades ago.

"HK" wrote in message
. ..


Since it was a management buy-out and therefore there was some incentive
for the company to "make it," maybe some did. In the usual conglomerate
buy-out these days, the best thing smart employees usually can do is
desert the stinking ship before the massive layoffs begin.

I've actually seen a tee-shirt saying "Screw the New Corporate Owners
Before They Screw Us!"


Harry, your perpetual pessimism is truly amazing.

Eisboch