NEWS FROM THE STANDARD |
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Human Answerbot
Aug 09 1999 12:00 AM PDT
PROFILE |
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Bose doesn't subscribe to the theory that bigger is better. It's the world's #1 speaker maker, with nearly 25% of the market, but the company has been concentrating on making its speakers smaller to better blend into home and office decors. Bose makes a variety of audio products, including auto sound systems and speakers, home stereo speakers, music systems, PC sound systems, aviation headsets, and professional loudspeakers. Its critically acclaimed Wave radio (compact in size but not in sound) has been a success despite its $350 price tag. Bose makes its products in North America and Ireland and has nearly 90 stores worldwide. Founder Amar Bose, a MIT professor, is the company's largest shareholder.
COMPETITION |
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Bang & Olufsen Holding a/s (dossier)
Harman International Industries, Incorporated (HAR)
Matsushita Electric Industrial Co., Ltd. (MC)
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FINANCIAL OVERVIEW |
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Fiscal Year-End: March
2000 Sales (mil.): 1,100.00
1-Yr. Sales Growth: 15.8%
Employees: 6,000
Revenue per employee: $183,333.33
KEY PEOPLE |
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Amar G. Bose
CEO
Daniel A. Grady
CFO
CONTACT INFO |
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The Mountain
Framingham, MA 01701
US
Phone: 508-879-7330
Fax: 508-766-7543
Online: Web Site
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