- Dec 28, 2002
- Ahwatukee, AZ (Phoenix)
People that post in the "rants tavern" speak otherwise but I have been saying it all along. The death spiral of 20 percent YOY is concrete on paper. Lets face the facts. Also, people probably know who Bob Grove was. "Grove Enterprises". He bailed out of the scene years ago and said the scanner market was going to be in a death spiral because of certain factors below. He was right. He saw the writing all over the wall.Uniden are desperate to increase sales because their revenue figures have been dropping about 20% YOY for virtually the last decade or more.
Uniden Electronics Div is pretty much a one trick pony now. Their forays into security and dashcam camera's has not been successful, there has been talk of legal battles over streaming technology (still wondering why you cant cloud stream from your 536HP?) and disastrous product recalls, that would have absorbed a lot of the profit originally seen from the sales of the equipment in the first place.
The only bright spot is probably still the company's real estate business in Tokyo, which should be a profitable business.
Sadly, the company's financials and releases to the Tokyo stock market tell the story though.
The Electronics division seems to be in a downward death spiral of reducing revenue, which then forces a drop in R&D expenditure, further salaried staff cuts, additional hard asset sales and ultimately, a reduction in innovation, which results in stale products being plied into an already saturated market.
No share dividends have been paid for several years now and I have absolutely no idea why the share price is where it is, except to say that there must be a lot of frothy, dumb money flowing around the stock markets in Japan.
My prognosis for Uniden's Electronics Division hasn't changed even with a change in CEO.
Expect more product dumping as a last ditch effort to ramp up revenue, but mark my words, the clock is ticking for Uniden.
I'd be surprised if Uniden is a party to this, other than the initial sale. If you follow the link, you'll see who is actually selling these things and its not Uniden or any of their "retail partners". Amazon's site uses the words "New and used", so I'm kind of wondering about the lineage of these bargain price scanners.I see some other posts where they say that Amazon probably bought alot of junk older re-furbed of the BCDx36 radios. Uniden probably fixed the radios and re boxed it and selling it as new. It makes sense to off load merchandise to create cash flow so they don't get stuck with older hardware.
You would be surprised what people have reported on getting used radios when they purchased new radios. It could be a quality control issue with Amazon which could be a mistake, but Amazon tends to always fix the problem since its no sweat off of their butt. They are worth billions.None of the recent Amazon purchasers have been complaining about receiving junk/refurb scanners, so you might want to lay off the conspiracy kool-aid a bit.