Meade Instruments to Acquire Coronado Technology Group

[Orstio]

IRVINE, Calif.--(BUSINESS WIRE)--Oct. 21, 2004--Meade Instruments Corp. (NASDAQ:MEAD) has signed a definitive agreement to acquire all the assets and substantially all the liabilities of privately held Coronado Technology Group, LLC ("Coronado"), the world's leading manufacturer and distributor of solar telescopes and filters, for approximately $2.5 million in cash and an earnout tied to financial performance. The transaction, which is subject to usual contingencies, is expected to close not later than Nov. 30, 2004.

http://www.everything-science.com/index.php?option=com_content&task=view&id=70&Itemid=2

[engaaraa]

Does Meade earn Coronado's prestige, or does Coronado looses their prestige?

[Skyjim]

I think the jury will be out on your question for a couple of years, E.

Short term, better capitalization will probably be good for Coronado's ability to produce the existing product line.  Long term impact on their product development?   We shall see what we shall see... 

I'm glad I already have my Coronado filter, though!

Jim