From: mark@clover.NoSubdomain.NoDomain (Mark Manning)
Subject: Re: KLH & notebooks?
Reply-To: mark@cheers.jsc.nasa.gov
Organization: Simulacron I
Date: Thu, 10 Sep 1992 15:07:47 GMT


In order to help out in this subject, I'd like to present some second
hand information to everyone about KLH.  I have a brother who works
for KLH and who has talked with me recently about what is happening
at the company.  So, for everyone concerned, here is the poop.

KLH is/was the company who sold computers to Sam's Warehouse (or
Wholesale House or whatever that place is called).  At any rate, they
were purchased by Premier Inovations recently.  After their purchase,
strange things began to happen at KLH.  Stuff would disappear over
the weekend even though the security guard never saw anyone (or so he
says).  One week a shipment of new computer cabinets had been painted
and then hung up to dry.  When everyone came back on Monday - they
were gone.  Premier hired an ex-CEO who had worked for Continental
and had quit Continental because of some dispute.  The guy came to
KLH, stayed for a week, and quit.  On his way out he (reportedly)
made some comments about PI soaking KLH for all it was worth and that
all that PI wanted to do was to have something they can write off on
their income taxes.

                   . . . . PAUSE . . . .

(I pause because, I want to remind everyone that everything here
should be taken with a grain of salt as I can not vouch for
everything which I have been told [I don't work for KLH], nor do I
think all of this is first hand knowledge my brother got [ie:Someone
probably told him and then he told me].  With that said - I
continue...)

KLH is based in Houston Texas just about two or three blocks east of
where Harwin and the new Beltway 8 meet.  The building is very large
and it looks to me that they were doing quite well as a company until
they were sold.

Recently, KLH had to file for Bankruptcy.  I believe it was Chapter
11.  But whichever it was, it was to reorganize so they could pay off
their debts.  Just about a week or two ago, the court threw out their
proposal for the reorg and payment.  Thus, KLH will (probably) be
auctioned off to pay their debts.  Luckily, my brother was one of the
very few people they retained (having laid off more than half of
their employees).  Also, rather encouraging, is the fact that KLH
does not believe it will go out of business until at least April of
next year.  Even then, the present upper management is hoping that
they can salvage a little from the company and start over again.  By
salvage I mean that they take the present group they have, close KLH,
and start up again as a new company under a new name.


If any of the above turns out to be wrong, then I apologize in
advance.  KLH was (and is) a very nice company as companys go.  It is
too bad that the company was sold and it is bad that they have fallen
on hard times.  But many companys are feeling the same pinch.  That
is the nature of a recession.  Even my job isn't sacrosanct (sp?).
But I'll work here as long as they want me and then go somewhere
else.  ;^)

I also hope that this does not cause a run on KLH.  Since my outlook
is to provide information - not to destroy a company.  And who
knows?  Since they have cut back quite a bit, maybe KLH will
stabilize and be able to continue on.  Only the higher-ups would know
that for sure.  Later.

-- 

mark@cheers.jsc.nasa.gov

    /\  /\      The roses were planted when I first met you,
   /  \/  \     They were growing when we married,
  / /\  /\ \    They bloomed when our first child was born,
 / /  \/  \ \   They wilted when you passed away.
/_/ark     \_\  And now I sit in my empty house, and weep over petals lost.
Newsgroups: misc.forsale.computers