Hi, everyone.

For the electronics and radio buffs:

RADIO BUSINESS: HEATHKIT FILES FOR BANKRUPTCY

The Herald-Palladium newspaper says that the remnants of the famed Heathkit
Company that once employed up to 1,800 people in St. Joseph Township,
Michigan, is now on the auction block.

Owner Don Desrochers told the paper that the company, which was down to
half a dozen employees at the end, defaulted on its lease and has filed for
bankruptcy.

The organization was last known as Heathkit Educational Systems. Desrochers
told the Herald-Palladium that this business was primarily dependant on
federal and state funding for schools. Unfortunately, spending in education
continued to drop and as such it was economically unfeasible to continue
operating.

Founded in 1926 as an aircraft company, Heathkit shifted its focus to
electronics after World War II when it bought surplus electronic parts to
build kits. Heathkit left the kit business in 1992, focusing on educational
materials, then announced it was getting back into the kit business in
2011. According to Desrochers it was losing the educational business faster
than it could grow the electronics business, which was not sustainable. 

Later,
Sean

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