Wes Phillips

B&W NA Appoints New Sales VP

B&W Group North America (Equity) has announced that Doug Henderson will assume the position of vice president of sales and marketing as of April 30. Henderson has been a principal of Audtek Associates for more than 20 years. "I'm excited about this move," Henderson told <I>Stereophile</I>. "At Audtek, we specialized in brand building, and we accomplished a lot with some very good companies. With B&W Group, I have the opportunity to use those skills with some of the finest equipment available today&mdash;and I have a great independent sales force to work with. It's an unrivaled opportunity."

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Harman International To Be Acquired by Goldman Sachs and KKR for $8 Billion

Harman International Industries, Inc has agreed to be acquired by Goldman Sachs Capital Partners (GSCP) and Kohlberg Kravis Roberts & Co. (KKR) for a price of $120 per share (a total near $8 billion). The share price represents what <I>Bloomberg.com</I> characterized as a 17% premium over its price one day earlier. The company's stock had been increasing in value, having risen by about 2.6% since the beginning of 2007, but beginning April 18, the stock began to surge, "indicating some investors anticipated the buyout," according to <I>Bloomberg</I>. John Rogers, a Citigroup analyst, had predicted in February that Harman was choice for acquisition, estimating that private equity buyers could pay a premium of 20% over its share price and still see annual returns of 20%.

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You Should Be Dancin', Yeah

"A linkworthy piece of musical-cultural criticism," writes John Marks. I agree. Now if John Derbyshire had merely said <I>Saturday Night Fever</I> was the greatest movie ever, I'd have agreed to disagree. His passionate and specific arguments, however, have convinced me to see it again with an open mind.

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