Recently ran into some quality issues with JBL PRO speakers in a movie theater: The speakers were model 4647 & 3678 2-way designs. Some of the drivers had JBL logos on them and some were dark charcoal color with only model numbers.
Had trouble with precision of compression driver rear cover fit, terminals coming loose on 3110A crossover, and inconsistent woofer phasing across models.
I want a name like JBL to impress me with quality, and they failed here.
Does anyone know if they are getting some stuff made in China now ?
Found this on a Harman Industries Stock Message Board:
"...And now you have a very self-serving CEO. His first idea was to move the HQ, not to Detroit or Stuttgart, but to Stamford, CT where there is nothing related to the business except his house. He disrupted everybody else so he didn't have to move. He has also earned the distrust of both Wall St and the HAR employees. With Wall Street, it has been things like the "one time warranty escape" that happens every quarter and total obfuscation regarding the future. That's why nobody is recommending this stock for at least another year.
With the employees, Paliwal first brought in all of his cronies from ABB, then told everyone else that they will soon be replaced by people from India or China. He has killed morale at the company.
For the businesses, OEM is moving from highly profitable to not very profitable; consumer will always be around break even; and the pro business is being moved to Mexico and China without regard to quality. This is another long term danger sign.
That is what has happened (and is happening) to HAR. So, it doesn't matter what the stock price was before or is now. There are troubled waters to navigate that will trump the trend lines. "
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