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LATEST ADDITIONS

Polk Audio Acquired by Directed Electronics

On August 21, Directed Electronics, Inc. announced that it had entered into a definitive agreement to acquire Polk Audio for $136 million in cash, with the deal to close in Q3 of 2006. Current Polk management will join Directed, and company founder Matthew Polk and Polk president Jim Herd will sit on Directed's home audio advisory board. File this one under the <I>you can't make this stuff up</I> department: Sandy Gross, founder of Directed's <I>other</I> loudspeaker company, Definitive Technology, already sits on the board, which makes Polk's presence there a homecoming of sorts, since Gross was a founding partner at Polk.

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Have A Cuppa Tea

Tea in the morning, tea in the evening, tea at supper
time,<BR>
You get tea when it's raining, tea when it's snowing.<BR>
Tea when the weather's fine,<BR>
You get tea as a mid-day stimulant<BR>
You get tea with your afternoon tea<BR>
For any old ailment or disease<BR>
For Christ sake have a cuppa tea.

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