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  1. #1

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    Default Harman Int'l acquired by KKR and Goldman Sachs

    The industry consolidation continues....

    http://www.bloomberg.com/apps/news?p...88E&refer=home

    Harman Int'l is the parent company of well-known brands such as Karman Kardon, JBL, Infinity, dbx, AKG, Revel, Mark Levinson, etc.

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    Danny you beat me to it by about 20 min. :p

    And you also had a much better descriptive title than I did btw.

  3. #3

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    Quote Originally Posted by Danny Tse View Post
    The industry consolidation continues...
    Not really any consolidation here (ie: Polk and Directed Electronics)...at least not yet. Simply a purchase by a couple of buyout firms/investors at this point. Down the road you may see Harman split up and sold or sold intact to another consumer electronics firm which would be some consolidation. Right now they think it is undervalued.
    "Just because youíre offended doesnít mean youíre right." - Ricky Gervais

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    some people made alot of money today

    http://finance.google.com/finance?q=har&hl=en

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    Not alot, but enough to buy a few hamburgers.

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    I find it odd that 2/3 of HK's revenue is from GPS/car audio contracts. I'm sure Harman and Bernard never would have imagined this.

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    Quote Originally Posted by dorokusai View Post
    Not alot, but enough to buy a few hamburgers.
    i dont know about you but 20% in a single day is alot. atleast in the market it is. consider the fact that last year the dow grew "only" 15%. if you had all of your money invested in this one stock, you have just beat the market.

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    That's what I'm alluding to as I wish I had more of it.....get it?

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    Quote Originally Posted by shack View Post
    Not really any consolidation here (ie: Polk and Directed Electronics)...at least not yet. Simply a purchase by a couple of buyout firms/investors at this point. Down the road you may see Harman split up and sold or sold intact to another consumer electronics firm which would be some consolidation. Right now they think it is undervalued.
    When an audio hardware manufacturer get purchased by entities not in the same line of business, it always spells trouble. I wouldn't have this type of worries if Harman Int'l was purchased by D&M Holdings (parent company to McIntosh, Marantz, Denon, Boston Acoustics, Snell, etc.), but this acquisition of Harman is almost like the purchase of Acoustic Research (AR) by Audiovox....I can see brands such as JBL and Infinity run into the ground while brands like Mark Levinson and Revel get plastered on $50.00 computer speakers.

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