OMC struggles to stay viable
Article Abstract:
Outboard Marine Corp (OMC) announced in Dec 2000 that it is slashing 1,000 jobs to help the boat maker surmount its financial problems. OMC also retained the services of investment banker Houlihan, Howard & Zukin to search for other strategic alternatives. These include the sale of the company or any of its specific parts or reorganization under bankruptcy protection. OMC added that it is willing to take further steps if the initial layoffs do not improve operating performance.
Publication Name: Soundings Trade Only
Subject: Construction and materials industries
ISSN: 0194-8369
Year: 2001
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Used boats are one prize in dot-com wars
Article Abstract:
BoatTraderOnline, YachtWorld and Buc.net.com are the three dominant online firms in the multibillion-dollar used-boat market. BoatTrader is the pacesetter in terms of listing with 70,000 while YachtWorld and Bucnet each have 27,000. BoatTrader Online is the marine Internet unit of Trader Publishing Co. YachtWorld.com was formed by yacht broker Jessica Muffett. It was sold to Boats.com for $14 million in Jan 2000. Bucnet.com is the Internet arm of BUC International Corp.
Publication Name: Soundings Trade Only
Subject: Construction and materials industries
ISSN: 0194-8369
Year: 2000
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2004: Time to walk the walk
Article Abstract:
A selective recount of the events of year 2003 is furnished and the positive prospects for the marine industry in the year 2004 are discussed.
Publication Name: Soundings Trade Only
Subject: Construction and materials industries
ISSN: 0194-8369
Year: 2004
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