Kenwood Home Audio Rumored to be Closed

Archived from groups: rec.audio.high-end (More info?)

Did you guys see this?

>From Audio Video Revolution...

Rumors surfaced last week that Kenwood USA is closing their home electronics
business. Contacts at Kenwood and their PR firm were not available for
comment at the time of publishing.

Email correspondence confirmed by sources inside the AV industry imply that
the brand manager for Kenwood¹s home audio division, Dean Hutto, was let go
by the company today. Kenwood is likely to stay the course in its car audio
business where the company owns a much larger portion of the electronics
market.

Here's a link to the story:
http://www.avrev.com/news/0305/25.kenwood.html