Industry News - Meade CEO Muellner resigns

[gary]

CEO Steve Muellner resigns as well as two other directors.

New CEO Steven Murdock appointed. Murdock agrees to serve for one
year on an annual salary of $1.

Story appears at http://biz.yahoo.com/pz/090205/159126.html

[renormalised]

Little bit of a shake up there. Hope it pulls Meade out of its tight spot. It'd be a shame to see Meade go down all because of those b*****d banks and financial institutions. Greedy SOB's.

[Kal]

Meade's problems have nothing to do with the greedy bank situation. They have been operating at a loss for several years now. Their primary fault was probably being too slow to outsource to cheaper production as their competitors moved to Asian based production. They are taking steps to rectify this, and I hope they pull through as well.

[mozzie]

hope they sort there probs out they seem to just be a little ahead of the compition in techknowlegy moving over the border my help hopefully they keep there quality
mozzie