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Strategic Joint Ventures for Clients
Provided crisis help to Memorex Board of Directors in turnaround,
- Co-defined and aggressively pursued necessary integration of 2 Far Eastern manufacturing partnerships (one Japanese and a second Korean -- Tatung and Samsung) to assure long-range viability of core audio product line
- Motivated 3 top customers into arrangements that pre-empted loss of profitable Memorex OEM business when entertainment companies considered integration
- Fashioned joint venture with another company to successfully devolve Memorex' imprudent venturing into information processing systems -- subsequently leading to business divestiture to partner National Semiconductor whose valuation of business was higher than Memorex.
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