November 19, 1991
Floyd E. Toole has been named vice president of acoustic research for Harman International Industries Inc., an audio conglomerate based in Washington with subsidiaries in Northridge and Chatsworth. Toole will work with all Harman companies, including JBL, Infinity Systems and EPI. Previously Toole was senior research officer at the National Research Council of Canada's Acoustics and Signal Processing Group, based in Ottawa.
February 21, 1995
Harman International Industries Inc., a Northridge-based manufacturer of stereo equipment, said it has agreed to acquire a German car stereo manufacturer for 400,000 shares of Harman stock plus cash and debt totaling about $60 million. The German company, Becker GmbH, has annual sales of about $200 million and supplies auto maker Mercedes-Benz with car stereos equipped with cassette and compact-disc players, Harman said.
January 24, 1995
Harman International Industries Inc., a Northridge-based maker of stereo speakers and other audio equipment, reported a 75% increase in earnings in the company's second fiscal quarter that ended Dec. 31. Harman reported an $11.9-million profit in the second quarter, compared with earnings of $6.82 million in the same three-month period a year earlier. Sales increased to $289 million, up 30% from $223 million a year earlier. For its six-month period, the company reported net income of $16.
September 7, 2000 |
Northridge-based Harman International Industries Inc., maker of high-end stereo systems under such brand names as Infinity and JBL, said a judge ordered that it pay $5.7 million in damages to closely held rival Bose Corp. in a patent infringement lawsuit over speaker technology. A federal judge in Boston ruled last week that Harman's JBL Inc. and Infinity Systems Corp. units infringed Bose's patent covering plastic ports incorporated in some stereo speakers, Harman officials said in a release.
October 23, 2007 |
Two private equity groups will terminate their planned $8-billion buyout of Harman International Industries Inc. but will invest $400 million in the company as part of a deal that precludes litigation over the breakup, Harman said Monday. The takeover by Kohlberg Kravis Roberts & Co. and GS Capital Partners soured in September, when the buyers expressed concern about the audio equipment maker's financial health.
CALIFORNIA | LOCAL
February 5, 1992
Former President Jimmy Carter told workers at a Northridge stereo components factory Tuesday that they prove that American workers can compete successfully with the Japanese. "We watch and we hear every day that Americans cannot compete with the Japanese," Carter told workers at Harman/JBL Inc., according to a company statement. "You prove every day that this allegation is absolutely false."