OMC cautiously optimistic about the future

Article Abstract:

Outboard Marine Corp's (OMC) 10-K filing with the SEC which was submitted on Mar 30 reported earnings from operations of $36.8 million compared to a loss of $165.2 million in 1998. While definitely an improvement, OMC chmn and CEO David Jones acknowledged that they still have lot to do and that they are only in the second year of their turnaround. Jones also said they would offer an initial public offering only after achieving a certain operating profit and only if market conditions are suitable.

Sales, profits & dividends, Other Engine Equipment Manufacturing, Internal Combustion Engines, Outboard Marine Corp.

---

Marina owners are optimistic about 1999

Article Abstract:

A survey conducted among members of the International Marina Institute revealed that a majority expect 1999 to be an even better year than 1998. The industry's average profits for 1998 were 12.6% better compared to 1997 figures. As a sign of optimism in the year 1999, 63% of the respondents planned to add full-time staff. The most pressing concerns for the industry as a whole were regulatory constraints, followed by the recruitment and retention of quality workers.

Forecasts, trends, outlooks, Marine Cargo Handling, Dock Facilities, Docks

---

Raytheon to unite products under single brand name

Article Abstract:

Raytheon Marine Co of Manchester, NH, has disclosed plans of uniting its different marine electronic product brands under the single brand name Raytheon. The brand names which will either be phased out or will be relabeled are Apelco and Autohelm. The firm's acquisition of the defense subsidiary of Texas Instruments and its merger with Hughes defense has expanded the market of Raytheon and necessitated the use of the name Raytheon for brand recognition.

Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing, Organizational nomenclature, Marine Electronics, Raytheon Marine Co.

Similar abstracts:

• Abstracts: A 5-step plan to keep a marina operator out of court. Marina acquisitions leader changes its course. Fuel prices, water levels give Lakes a 1-2 punch
• Abstracts: DMA forms Internet Segment Advisory Committee. Int'l Mailers Group becomes a nonprofit. DMA fights I-tax bill via e-mail
• Abstracts: DSC is ready to go, but the Coast Guard isn't. Are condos the future for a rebuilt Gulf Coast? One product to handle all your information
• Abstracts: NMMA chief addresses 'myths' at media summit. Let them talk, but do it quickly. An era for used boats?
• Abstracts: Marine finance industry experiencing 'a reunion'. Genmar expands aluminum operations. CIT acquisition of Newcourt still in works

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.