Well, maybe Harry Debes was right. In January Back, Lawson’s CEO wrote me to say that his firm’s financial performance was much better than observers were giving it credit for. 190 million. After the announcement, Lawson’s talk about price peaked at its highest point since March 2004, completing your day about 10% higher that the prior day’s close. Lawson is still digesting its 2005 acquisition of Intentia, and related costs remain impacting financial performance. From an accounting perspective, the organizational perspective, and technical perspective, I have a sense that the merger job was bigger than Lawson expected.
Hopefully, Lawson can put that ongoing work behind it and move on to build even more momentum. It will be interesting to see the details behind Lawson’s performance when the ultimate numbers come in. I’ll be looking to see whether the results are credited to a pick up in new offers or a change in the speed of deferred permit revenue, in January which Debes described in his correspondence to me.
If Lawson’s new deal flow is picking right up, it might be a good sign not limited to Lawson but for the business system market in general. Lawson’s results would be constant with Oracle’s latest quarter, which were outstanding, and unlike SAP’s that have been poor. We’ll have to hold back until April 9 to find out, however. Lawson announced yesterday that it is delaying its quarterly report due to a need to review restructuring charges from the Intentia acquisition.
- LMI, McLean, Virginia
- When a production company raises prices for its products, it’s a representation of a/an
- Maximize resources to what it had a need to power the machine adequately
- Middle market capital resources
As Gary strike adolescence in the late 1960s, his brother recalls, he fawned over records by Creedence Clearwater Revival, the Jackson 5, and a common band, Night Three Dog. “His life before Rhino was his record collection,” Mark Stewart says. Gary used to ask “the whole neighborhood” over to play information as Gary distributed trivia gleaned from the web pages of Creem, Rolling, and Circus Stone mags. When Rhino Records – the 3,000-square-foot record store that could spawn the label – opened in Westwood in 1973 eventually, Stewart was one of its original customers.
Along with Tower on the Sunset Strip and Aron’s on Melrose in the pre-Spotify period, Rhino was the closest thing to the so-called celestial jukebox that West Los Angeles experienced, and its own clerks served as the various search engines. “The biggest music nerds would hang out at our store because in those days there really weren’t a lot of stores for record fanatics,” recalls Rhino Records founder Richard Foos. Alongside Foos, and other crucial early Rhino employees like Harold Jeff and Bronson Gold, Stewart worked well his way up to store supervisor, voraciously logging music, liner views, and notes in his internal database. During the ’80s, as vinyl ceded the marketplace to do, revenue soared.
Stewart ascended to vice leader of A&R and did so during one of the very most profitable years in music-business history. His former Rhino co-workers say Stewart was the guiding power in Rhino’s success. “He helped write the reserve on the current-day reissue business,” Baker says. “When I was a kid, reissues were little cheap LPs.
They were considered car-wash buys. Rhino continuing its success through the 1990s, producing series including year-by-year Billboard hit single series and the transcendent “In Ya Face” funk compilations, plus career-redefining sets on Ray Charles, Curtis Mayfield, Otis Redding, and John Prine. The four-CD “Aretha Franklin: Queen of Soul” collection sold more than 100,000 boxes sets only.