Meade has been bought by JOC

Hi,
The company (Jinghua Optics & electronics Co) that owns Explore Scientific and Bresser now also owns Meade and it cost them 4.5 million, you would have thought they'd be worth more then that. It'll be interesting to see what difference this makes to Meade.
So thats both Celestron and Meade bought out by by Chinese companies.
Bye Bye Mexican manufacturing plant for starters I'd bet.

Their market cap is 2.18M this morning so they did well to get 4.5M. Since they already own Meade Europe, this is a fairly cheap way to get a globally recognised telescope brand.

well, it certainly explains why some of the ES and meade eyepieces were practically identical. this might have been on the cards for a while now.



We'll probably see all the ES eyepieces with meade badges and extra rubber grips soon enough.

Looks like the fun isnt over yet
www.latimes.com/business/la-fi-meade-ins...0705,0,1646562.story

Meade could be sold to venture capitalists (god help them if they are) or bankrupt by monday,

That story link says that:

Kids who once put telescopes at the top of their birthday and holiday wish lists are now opting for high-tech gadgets. People no longer hold stargazing parties, and households that once proudly displayed their telescopes no longer think they are trendy, analysts said.

But in Ireland, the case has been more to do with the weather I'd bet! (digressing) For the first time in years can I remember that a club can say, with over a week's notice to its members, that you're going to have an observing session on a Saturday night!