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.