Raymarine Rumor Is Exciting

[Roy M]

My spy network informs me that Raymarine has been acquired by FLIR. This is an exciting possibility. No official confirmation as yet, but it brings the company back to the US with an engaging host involved in a hot emerging technology. Who knows what may be in the works?

[Paul L]

Don't be too excited about FLIR. Check the SEC filings to see the charges against their former Pres and CFO over the years.

Paul L

[David M]

FLIR appears to be healthy.

FLIR Systems, Inc. - Google Finance

[Paul L]

Originally Posted by David M

FLIR appears to be healthy.

FLIR Systems, Inc. - Google Finance

Financially they are doing well. Hopefully they have cleaned up their act from their scum days. Check the charges against their old CFO Ken Stringer.

Paul L

[GordMay]

Originally Posted by Roy M

My spy network informs me that Raymarine has been acquired by FLIR...
... Who knows what may be in the works?

I doubt that a secret acquisition of one publicly listed co by another is possible.

I wouldn't worry about Ken Stringer's malfeasance, he’s long gone.

The 2002 SEC complaint against J. Kenneth Stringer III (et al) involved a wide-ranging scheme to inflate revenue at FLIR Systems, Inc. ("FLIR") during 1998 and 1999. In 2000, Flir announced that Stringer was no longer chief executive officer of the company, having been replaced by Earl Lewis.

Nn 2005, FLIR was named the 55th fastest-growing company on CNNMoney
CNNMoney.com's list of the 100 fastest-growing tech companies.
In 2005 FLIR was listed as the 39th d best small business by Forbes magazine, and in 2006 ranked 83rd. The previous year they were ranked 39th.
In 2009, FLIR was added to the S&P 500, and was named as the Northwest's top company by the Seattle Times, marking the third time the company was at the top (2002 and 2003).
Also in 2009, the US Federal courts dismissed a Raytheon suit, alleging trade secret misappropriation etc, against FLIR.

➥ Complaint: SEC v. J. Kenneth Stringer III, J. Mark Samper, William N. Martin, and Steven R. Eagleburger

➥ http://lawprofessors.typepad.com/whi...s/Stringer.pdf

[beneteau-500]

whilst I know nothing about FLIR i am wondering then if they will be able to cope with the amount of debt that Raymarine has in a ever over subscribed market and a ever competive market

[GordMay]

➥ FLIR Systems, Inc. - FLIR Systems Announces Acquisition of the Stock of Raymarine Holdings

➥ http://www.cruisersforum.com/forums/...ews-40805.html

[ronbo1]

Roy M and Gord,

Roy, your 'spies' were right about FLIR purchasing Raymarine back in January!
Now, what do they tell you about product being shipped?
I'm waiting for a HD radome to go with the MFD bought last year but Raymarine's customer service has no idea when it might happen.

Ronbo