Sunday, December 17, 2006

Mygig factory built in Missouri by Harmin

We expect sales to Chrysler to increase in future periods as we begin shipping
infotainment systems to support new platforms during fiscal 2007 and accelerating in fiscal 2008.To meet the needs of new infotainment system programs for automotive customers. These investments included construction of a factory in Missouri that began manufacturing systems for Chrysler in late fiscal 2006.

Worth noting is the first quarter of fiscal year 2007. Started for Harmon in July of calendar year 2006 Some early issues were discovered and corrected. Based upon the announced Canadian roll out of new Chrysler models that contain Sirius things may be looking up for sirius . This is very good news. harmon appears to be well positioned to drive satellite radio growth via the entertainment/navigation devices.

you can read more here