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Author Topic:   RAYMARINE Financial Woes
bluewaterpirate posted 06-24-2009 08:03 PM ET (US)   Profile for bluewaterpirate   Send Email to bluewaterpirate  
[This article contained nothing except a hyperlink.]
jimh posted 06-25-2009 10:29 PM ET (US)     Profile for jimh  Send Email to jimh     
On June 12th in another discussion (in which unspecified rumors and comments were being used to defame another manufacturer) I brought up the topic of RAYMARINE having some financial woes and linked to several articles on that topic. Quoting myself, I said:

"Industry insiders are talking about a possible failure for RAYMARINE due to lack of capital,"

and I gave a link to stories at

http://www.reuters.com/article/technology-media-telco-SP/ idUSBNG50218020090612

http://in.reuters.com/article/rbssConsumerGoodsAndRetailNews/ idINBNG50218020090612

http://www.boatingbusiness.com/archive101/2009/july/news/ raymarine_looking_for_funds_or_outright_sale

http://uk.reuters.com/article/idUKLF50746120090615

http://www.sail-world.com:80/USA/ Raymarine-to-raise-funds-or-outright-sale-of-the-business/57980

http://www.bymnews.com/news/newsDetails.php?id=56107

David Pendleton posted 06-26-2009 07:30 PM ET (US)     Profile for David Pendleton  Send Email to David Pendleton     
I, for one, will be sorry to see them go (if they do).

I've gone through several generations of Raymarine electronics on my boat in the past ten years.

I was very disappointed when they quit making standalone fish finders, and handheld VHF radios.

jimh posted 06-26-2009 07:57 PM ET (US)     Profile for jimh  Send Email to jimh     
Dave--I agree. I like RAYMARINE equipment, too.

I don't know a thing about capital financing for British companies.

I don't think they are many companies whose main business is recreational boating that are doing very well in our current economy.

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