Anyone got any word on Gerber?

[Rex]

I've seen some info on CBSMarketWatch and Yahoo! finance about Gerber Scientific looking to sell Gerber Cobrun. Does anyone have the inside scoop?

Rex "say it ain't so"

[Rick Tinson]

You can read their press release at: www.gerberscientific.com

[John R]

Funny this because here in the uk we thought Gerber had bought Cobrun just to get rid of a compeditor looks like it was true after all, they have run everything into the ground.

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Every day a grind
Every week a bind
www.iooi.co.uk

[Rex]

Originally posted by Rick Tinson:
You can read their press release at: www.gerberscientific.com

Seems funny that the link for this is buried beneath the "news" link at the bottom of the page and doesn't work, but neither does the one about Q1 results.
BTW - All the others worked, but as Barry Levinson would say "I'm sure it's just a co-wink-a-dink". Oh yeah and they made the announcement on the Friday before a long weekend.

Rex "still shocked"

[This message has been edited by Rex (edited 09-02-2000).]

[This message has been edited by Rex (edited 09-02-2000).]

[John R]

Whats the view state side on this one? Do you think anyone will want to buy it now its been run down so much. After talking about it at work here in the UK we cant see anyone wanting to buy it.

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Every day a grind
Every week a bind
www.iooi.co.uk

[karen]

check out vision monday online-they have a story on it

[John R]

The announcement comes at a time when Gerber
Quote from http://www.visionmonday.com about this subject

Coburn is rebounding from an earnings slump in 1998-99 that the company attributed to weak foreign exchanges rates and an overall softness in the optical industry. In Gerber Scientific's recently released 2000 annual report, chairman Michael Cheshire noted that "Gerber Coburn has had a very impressive turnaround with sharply improved earnings and cash flow."

Well said that one...
Well in 98-99 over here in the UK they were running things down so fast it became a standing joke about sorry its out of stock now.
Can't realy see anyone wanting to buy it now.
Will it make those of you running coburn machines want to change if they do go under?


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Every day a grind
Every week a bind
www.iooi.co.uk

[shanbaum]

Originally posted by john r:
Can't realy see anyone wanting to buy it now.
Will it make those of you running coburn machines want to change if they do go under?

I have a hard time understanding how, having read the source materials cited here, one might make the logical leap required to suggest that GC might "go under".

Unless you're thinking that an Aussie outfit might be interested (bonzer!)...

[John R]

Originally posted by shanbaum:
I have a hard time understanding how, having read the source materials cited here, one might make the logical leap required to suggest that GC might "go under".

I was not thinking of them going under just that i cant see anyone wanting to buy them now after they way everything seems to have been run down, in the UK they sold up where they were and had to more in with spandex so if they are sold then they would have to find a new home again. Also i think i'm right with this but did'nt they get rid (maybe not the right way of saying it) of all the r/d staff that knew anything about coburn machines state side.

Unless you're thinking that an Aussie outfit might be interested (bonzer!)...

I'm sure our resident engineer would love the chance of a visit down under to learn about new machines. :D (crack open a few tinnies mate...)




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Every day a grind
Every week a bind
www.iooi.co.uk

[Wes Trayner]

John R

Goodonyamate!!!

[John R]

Shanbaum would i be right in thinking that you work for gurber coburn? Someone said at work to day that your address of S Windsor is where coburn is from.

[shanbaum]

Originally posted by john r:
Shanbaum would i be right in thinking that you work for gurber coburn? Someone said at work to day that your address of S Windsor is where coburn is from.

I do. Sorry, I shouldn't have assumed that you knew. I did introduce myself in the ophthalmic optics forum.