BOSCH Update

A full month ahead of schedule, BOSCH received regulatory approval and is wasting no time in taking over the reigns of TELEX as evidenced by the departure of Raymond V. Malpocher last week, Maybe now we will start getting product flowing again. I've had this feeling that the old owners were bleeding last minute money from the company by cutting production and not replacing inventory. Goodbye venture capitalists. Hopefully now that Ray is gone we will see the end to "built to order" and start to see lead times shorten and shipping from inventory rise once again. It's been hard to explain to our customers why it was taking so long to receive their orders.