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  Brunswick Forms New Technology unit

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Author Topic:   Brunswick Forms New Technology unit
jimh posted 02-01-2002 07:34 PM ET (US)   Profile for jimh   Send Email to jimh  
See the press release at:
http://www.corporate-ir.net/ireye/ir_site.zhtml?ticker=BC&script=400

Corporations seem to alternate between "exploring new opportunities" (read "expansion") and "focusing on core businesses" (read "downsizing').

Among the new technologies the new unit of Brunswick will exploit is website development!

Dick posted 02-01-2002 07:41 PM ET (US)     Profile for Dick  Send Email to Dick     
8 ball in the side pocket.
jimh posted 02-03-2002 05:06 PM ET (US)     Profile for jimh  Send Email to jimh     
The timing of this announcement is curious. A few days earlier Brunswick had a big conference call with stock analysts and investors, yet they made no mention of this new venture at that time.

A few days later they fire off a Press Release announcing an entirely new division of the company has been created.

One could reasonably conclude that at the time of the conference call they knew they were going to create this new division, but they refrained from mentioning it to investors. You can draw any inference from that you like.

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