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Submitted on: 17-Apr-03
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Business Outlook
Survey |
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Business outlook is bleak, to say the least. Except for their
government contracts, operations are being rationalized. Problems are
manifold and severe. In the hydrogen business, Teledyne tries to sell
unreliable products containing asbestos (a big no-no in many places),
which is not a very good business proposition, especially in markets
where alternatives are plentiful. On the other hand, the alternative
energy market is still immature. Distributors are not happy, employee
morale is very low, and higher management is not helping - on the
contrary. Employment should be considered only as a last option.
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