Sunday, November 11, 2007

Link to UTs Audiovox buy in June 2004

This was the $165 million buy back in 2004 that now makes up the PCD. This division now makes up more than 60% of revenues but still deliver only 4 to 6% in GMs.

Management has seperated the PCD from the core division and may sell this off in the next year or two. This would definitely help cash flow and focus the company on their core higher margin business.

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