UTC Really Screwed Up The Interlogix Shut Down
UTC has made many mistakes in security over the years, however, the shutting down of Interlogix is one of the biggest screwups in industry history.
Interlogix has lots of problems, significantly the fault of UTC, but the errors that UTC has made in this process has made them far worse.
Inside this note, we examine:
- Why UTC did not shop this around
- Why UTC should have shopped Interlogix
- Why the tax savings speculation is not sensible
- How much ill will this has engendered
- What risks this now poses for Lenel / S2
No ********
********** *** *** ******* ** ***, according ** ******* ********** ** ***** companies *** ********* ******** *** **** such ********* **** ***** **** ****.
*** ****** ******* ** ** ******* a **** ** ********* ****** *** see *** ** **********. *** *******, before ******** *** **** ** ********,******** ***** ********* ** ********* *** ** **** **** **********. And ******** **** ***** *** *** **** a **** ****** **** **** *********** * **** **** ***** ******* was ******. ****** ******* * *****, it ** ***** ******* *** **** people **** *** *** * ********, so **** ******** ******* ** ****** critical *** *********** ********* *** ********** value.
** ********, *** ****** ********* *** or ** ****** ****** ******** ** this '**** ****'.
Buyers *******
**** ***** **** * ******* *** UTC ** **** ******* ********** **** IPVM **** ***** **** **** ********** in ****** **********. **** ** *** to *** **** ********** ** * great ********. ******** ****** ********** *** decline *** ********** *** ** ** still ***** **** **** ******** ** down. ** ** ********* ********** ***** in *** **** **** ****** **** money ** *** ******** ** ***************. **** **** ***** * *********, even ** ***** ** ** **** chance ** ****** *** ********* ** their **** *****, ***** ** ******* a ****** *** *** ********** ** be ******** *** ******** * ******** return *** ******.
Tax ******* ***********
** ********** *********** *******************:
* *******, *******, **** *** ********* team **** ******* ** ******* ********** will ** ******** **** ********** ** other ******** ***** ****** *** *** universe, ******* ****-*** ******* *** *** company **** ***significant *** ******* ** ******** **** ***** ** *** *** ** *** ****. [emphasis added]
**** ***** ** *** *** ***** of ***** * '**** ****' ********* severances *** ********* *** *** ******* chaos **** ** ****** *** ***** very ****. ********, ** **** **** Interlogix *** $*, **** ***** ***** get *** *** ******* ******* *** problems ** '******* ****' **** ********.
*** ** ***** *** *** *** they **** ***** ***?
Ill **** **********
*** *** ****** ** **** ********** off ** ******* *** **** ** very ***** ** **** ** *** engendered **** *** ****. ********* ***** employees *** *****, ***** ********* *** upset, *** ******* ******** **** **** as ********* ** ****, ****** ** worse.
***** ** * **** **** ** this, ** ** **** ****** **** business ******'* ******** *** *********** ** do ******** **** *** ** *** future.
Lenel / ** ******
*** **** ***** ** ***** *** S2, *** ********* ***** ******** ******** assets *** ***.
*** ******** **** **, ** *** accounts, ***** ********* *** ***** ****** for ***, ** **** ** *** as *** **, ** ** **** to *** *** '*******' **** '****'. But ***** **** ***** ***** **** up?
*** ******* ** ***** *** ***** (recall***** ******** *****, ***** **** *** Care,***** **-* *********** *******, ***.). ***** *** ** ********** that****** * ****** ********** ***** *** ********. *** *** ********** ** ** ********** ****** ******** before - ****** **** *****.
*****, **** **** ** ** *********.
*******, ** ** ** ****** **** UTC, **** ** **** ** *******, as *** ******* ****-*** *********. *** Carrier ** *** ****-**********:
** ********* ******* (**********) **** *** fit **** **** ** **** ******* but **** * ********* ****** ******* company *** *** ******?
*** ** ******* *** ** *** security ********.
* ***'* ***** ****'* * **** description ** * **** ** *** UTC *****. **** '***' ****** ***'* be ** *** ******** ******** *** UTC ******* ******* **** **. ** I ******* ** *** ****, *****'* still *** **** / ***** ** how **** **** ******* ***** ***** the ******** ********.
***** ** * *** *******.
* ******* **** ** * ***** signal **** ******* **** *** **** about *** ******** ********. ****'** ****** to ********** *** *******. ****'** ******** kill ***** ***.
****'** ******** **** ***** ***.
**** ***** ** * ******** ***. Kidde ******* ***** ********* *** **** extinguishers *** **** ** ****/**** **** improvement *** '*** ***' ****** ******.
* *** **** ***** *** **** UTC ***** ********** *** ******** *** fire ********. ****** ******, ********** ******* and ** *** **** **** ** aerospace *******. **** ** ******* **** were *********, *** *** *** **** of ****** ******. ***'* **** ***** are ***** ********* *** ****** **** understand ***** ***** *** *** *** them ****** ** ***** **** **** to *** *** ** ***** ******. I ***'* ***** ** ***** **** much ** *** ***** ****** *** involved *** **** *** **** *****. A *** ** ********* *****. * agree, ***** ** ** **** *** fuzzy ******* ***** *** **** ***** and *****, *** ****** *** ** bought ** **** ********.
** ******* ** ** *********** ****** services ******* **** ******* * ***** deal ** ***-**-******** ***** ******* *** major ***********. ** *** ***** ******* in ********* **** ** **-******** ** well ** ***** ********* ** *** find *** **** **** *** ******* competitive. *** ** ******** **: ***** you, ** * ***********, ** ********** in ******** **** *******/*********** ******** ** your ********* **** ** *********** ** order ** **** **** **** **** of ***** *********?
* ****** ** *** ***** **** ultimately ******** *** ******** ** **** down ********** **. **** ** ***. Pelco *** ******* ****** **** *** a **** ****, *** **** ******* did *** **** *** ****** ** terms ** ******/*********** ******** ******, ** even ** ***** **** **** **** other **** ** ********.
* **** **** *** ******* **** of ********** ****** *** ***** ****, and *** ******* **** ******* *** Pelco, ***** **** ******** *** ** conclude **** ******* *** ********** ***** be ** ********* *** ****-********* ******* in ******, ******** **** ** ****** net ****** **** ** *** ****** company.
***** *** ******* ****** **** *** a **** ****, *** **** ******* did *** **** *** ****** ** terms ** ******/*********** ******** ******, ** even ** ***** **** **** **** other **** ** ********.
*** **** ** **** *** *** to *** ***** ******? ** * try ** **** * **** ** 95 ***** *** $*,***, ** ***** take * **** ****, ** **** to ****. *** ** * *** $1 *** **** **** ***, ********** someone **** **** ** ****** *******, no?
*** * ***** ******** ** *** a ***.
** * **** **** **** *** buyer ***** *** ** ** * ton ** *** *********, **** ** buying ** *** $*. **** ***** time *** *****. *** **** **** you *** **, *** **** ********* overhead ** *** **** ** *******, most ****** * *** ** **** expenses, ********* ** ***** ** ********** the ********** ******, ********** *** ********* from *** *** ****** ** *** of **** ** **-******* ** **-******* in *** ***.
**** *** $*, **** ***** ** a ***** ********* ****. **** *** face *** **** **** ********** ** likely ******* ** *** ******* ** is *** ******** *** **** ** cash ** *** ***** *****. ** now *** **** * *****, ********* "problem *****" ** *** ***** *******.
********* ********** *** **** ***** ****** take * **** ** ****** ** UTC's **** (**-**-******** ******, ********* *****, etc.), *** ** ******* * *** of *****, *** ***********. ***, ** is *** ***** **** ***** *** any **** ** * ******* *** the ********, **** ***** ***** ******* year+ ******** ** ******, ********* ******** to ** **.
* ** *** ***** ** *** internal ********** *** ************* ** ***** UTC *************, *** ** ****** ** your ** ***** *******, ********* ** is **** ******** ** **** **** it ** *** **** ******* *** forget ***** ** **. ****** ** sell **, ** **** ****** **, particularly ** *** **** * ***** of *****, *****, **** **** **** a ****** *** ** *********.
**** ***** ** *** ***** *******.
********* ** ***** ** ********** *** Interlogix ******, ********** *** ********* **** the *** ****** ** *** ** this ** **-******* ** **-******* ** any ***.
** *** ***** ****, **** *** have *** **** ** ******* ** down ****** ******** ********** *********, ***. A *** *** ****** ** ********* but *** ** **** * ******** with **** ** ********* *** ********* so ***** ** *** ******* ** wrong...
*** ***** ***** - ***** ********* is ***** ** **** * ******* / ***** **, ** ***** *** letter ******* **:
** **** **** ** ***, **** would *** *** **** **** **** but ****'* *** **** ** * crazy **** ** *** *** **** cash ********.
** *** ***** ****, **** *** have *** **** ** ******* ** down ****** ******** ********** *********, ***.
** ******.
** ****** **** ** ****, ***** was ****** ** **** ***** ** a "****" ******* *** **********. ***** path ******* *** ****** ***** ** have *********** *********. **** ** ********* than **** **** **** *** ******* for *******, ******* *** ***** **** so **** *** ******* **** **** onto ** ******, **** ** *** to ** *********** *******, **** ** to *** ******* ******, ***.
*** **** ****** ***** *** ******, or **** **********, ** ******** ***** here, ******** ******* *** ********** ** simplicity (********** ********) **. ***** **** a ****** **** ** ********* ** with ** ************* *******.
* **** *** * ***** **** expected *** ** *** *** ** least **** **** ****, *** * also *** *** ******* ********* ** see **** **** ******* ** **** pull *** **** ** ** *** be ****.
** **** **** ** ***, **** would *** *** **** **** **** but ****'* *** **** ** * crazy **** ** *** *** **** cash ********.
***** **** *** **** *** **** bump,******** **** ** ;)
***** **** *** **** *** **** bump, **** **** **** ** ;)
** **** *** **** ********, * $1 **** ***** *** *** ******* won't ** **** ************ *******, ** will ** *** **** ***. ******* up.
*** **** *** **** ****, **** they **** ** ;)
*** **** ****** ******* **!
*** *** ** ********** *** '**** down' *** ******* ******* *** ***** of *** ******* ** (*) ********* are ******* ********** *** *** ********* and (*) ********* *** *** ****, reducing *** ******** **** *** ***** have ** *********** * ******** ****.
**** ***** *** **** ** ** at ***** ***** ** ** *** they ***'* *** *** ******* ***** bump ***
...***'* *** *** ******* ***** **** and
**** ***’* **** ***** **** *** sell ** ***...
******, * ****** **** **** ***, related:********** ******** * ****
*** ********** **** ** ****!!! *** it ***** **** ** ******* *** camera ...***.*******.***/********
— **** (@*******)***** **, ****
* ******* ******* *** ***** ******* (Canada), * *** ***** ***** *** bought *** **** ** *****. * now **** **** * *** ****** ex-chubb ********* ********* ****. ***** **** happened ** **** **** **** ** GE's ****** ***** **********. **** *** many *****, ***** **** **** ** mostly **** ********** "***".
*** ****** ******* **** *** ***** former ***** (******) **-******* *** *** really **** ****** *** ******* *****, and *** "*****" **** *** **** other *****. ****** *** **** *******/************ for ****** (***** ***** *** ****** out ** ******* ******) *** * whole ***** *********** ******* ***** **** then ****** **** *****. *** ** side ** ****** ******** **** *********** than *****, **** **** * *** told. ***** ******, ******, ****** ****. Where ** ***** *** ********* ****** margins, *** ****** ****** ****** *****. Slowly **** ****, ** ** ******** folks ****, *** *** ***** ******* Chubb ***** **** *** *** ***** GE/ISS ************* ***. **** **** ****** their ***(?) ****. ***** ********* ******* large, ****** ****, ***** ****, ***** Access, ***** *******, ***** **** ****. Ultimately **** ****** ** ****** *** mostly **** ***** *** ******, **** the ***** ***** ** **** ******* and *******.
* ****** ** ********** *** ********* similar? **** ***** **** **** *** stuck **** ** ******* *** ******* brand, *** **** ******* **** ** down. ** **** **** ***** ******* they ****'* *** ** **** **. I **** **** ********* **** ***** to **** ***** (**************), *** *** try ** **** **********?
*** ******* **** ** ********** ****** has ** ****** ** *** ******** with *** ********* ** **** **** contacts **** *** *****. * **** in ***** ******** ***** **** **** comparisons ** ******* *** *****. * will ***** **** **** ***** *** arecont **** ** ****** ****** *** the ********** **** ** ***** ********* are ***** ************ *********. ********** ** the **** *** *********, ****** *******, video ************, **** ********, ******* ********, but ** ** ******* **** ** the ******** ****** *** *********** *****.
*** ********* ****** *** *******, *** video ******** *** ** *** *** in *****’* ******* **** ** * battle. *** ******* ******* ******** ** distribution ******* *** ** *** ********* I ***** **** *** **** *** with *** ***** ******** ********* ******* distribution *** **** **** ** **** you **** ** *** ** *** lenel
** ** ******* ***** *** ********* was *** **** ****** *** ******* it *** **** *** ********* ** converting ** ** *** ******** *** residential.
***** ***** *** * ******* *** product ********* **** *** ******* ******, there ********* *** ******* ***** **** are ******** **** ***’* **** ********* up. **** ** ********* ******** ** the *** ******* ******* **** ** an *******.
*** *** ******** ********** ** ***** very *******, **’* ***** *** **** how *** ***** *** *** ********** Ademco ******** **.
***** ***** *** * ******* *** product ********* **** *** ******* ******...
*************** **** * *** ***?
**’* ****** ****** ** ********. * follow *** ***** *******, **** *** decipher **** **’* ****** ** *** underneath *** **** ********* **** ** thesaurus *****, **’* ******** ****** **********. Just ******* **’* * *** ****** with * ******* *** *****’* **** he’s *****.
**** ******* **’* * *** ****** with * ******* *** *****’* **** he’s *****.
****, ****, **** ** ***** ******** of **** :)
************ **** ********** *********:
** ********* ****
** *** ****** *********,
** *** *** ** *****, ********** U.S. ******** ****** *** ******** ** wind **** *** ********** *.*. *** Canada ********** ** ***** ** ***** on ****** *************, ** ***** **** and ******** ********** *********.
**** ****** ** ******** ** *** U.S. *** ****** **** *** ** this ***** ***** ** ** ****** on *** ********** ******** ** ********* and *** *******. ** **********, *** Tecom ********* ** *** ******** ** the ******* ** ********** *** ********* out ** ********* *** ****** ************. Please **** **** **** ***** ** no ****** ** ***** ****** ********* Lenel, *****, ***** *** *****.
****** ** ******* **** *** ***, it ******* ******** ** ***** *** Australia *** *** ******* *** ***** will ** ** ****** ** **** day ** *** ************ **** **** Interlogix **************.
** **** ******** ** *********** **** you ******* ** *** ******** ** you **** *** ******* ********* ** ask **** *** ****** ******* **** Brown (******* ******* ***) ** ******.*****@**.***.*** or ****** ***** (************** ******* ***) at ******.*****@**.***.***.
**** *******,
****** ***** ******* *******
*** *********** **** ** **** ** that ********** ** *** **** ************* business, ********** ***** *** *** ** Life ************ ** *** ********** ****** (some * ***** ***) *** *** aborted *********** ** **'* *********** (* years ***), *** ** ******* *** bungled "****-***" ** *** ***** ********** 10 ********.
**** *** ********** *********** *** *******, Interlogix ******** **** ** *** ***** brought ** ** **'* "***********". ******** is - ***** *** ******** ** the ** **** ** *** **********, what **** **** **** *** ****** development *** ******* *** *** ** platform, ** ********??
* **** **** **** ************* ***** using ***** *** *** ******* ** move ********. * **** * ****** of ***** ************* **** ******* ******** away ** ********* ********* (*****-***** *** Gallagher **** *******) *** * ***'* see **** ***** *******.
********** ********* *** *** *****'** *** going ** ** ******** ** **** US ********, *** *******, **** *** be ******* ****'** ******* **** ** the *****...
#*, ****** *** *******, **** ***********.
**** **** ******, *** **** ********** part ** **, ** ** ******** is:
*** ***** ********* ** *** ******** as *** ******* ** ********** *** developed *** ** ********* *** ****** distribution
*** **** **** **** *** **** sense ** ** ** **** **** Interlogix ********* **** ** ** ***** the ***** ********** ******** **** **** being ************ ** * ******?
***, *** '*** *** ********* ** their ********* ** *** * ***** sign ** ** **** **** ***** confident **** **** ***** ** **********, they ***** *** **** ** ****** that:
****** ** ******* **** *** ***, it ******* ******** ** *****
***, *** '*** *** ********* ** their ********* ** *** * ***** sign...
”****’* *** *** ***, *****!”
* **** ** ** *** ***** thread.
** *** **** ** **** ** conjunction **** *** ***** ************ **** up *******. *** ******'* ** ******** Tecom ********** **** * ** **** pole ** *** ***** **** ** and ********* ******* ** ***** ******* for *** **********.
** ***** **** *** **** * debacle ***** *** ****** ** **** GE. ******* *&*, *** ****** **** the *******, ********** ******** ***** **** and ***********, *** *** ****. **** got ** ****** ** **** ** innovators *** ********** ** *** ******** like **** *** *** ******. ** is * ******* ******* ** **** NOT ** **.
****'* *** *** *** ******* ***** are * *** ** *****, *******, Networx ******* ********* ** *** *****.
**** *****...*** ***** **** ******* ***** is ***** *** ***** *** ***** brands. ** ******. ****** *************!
***** ** ************.*****.***.**** ******* ******** ** ***** *** the ******* ***** ******.
******* ***** ******** *** ***** ******** division ***** ** ** ******* *******.
**** *** *** **** ***** ***** is ****** *** *** *** **** up ** **** ***** ***** ******** take *** *****.
******* ***** ******** *** ***** ******** division ***** ** ** ******* *******.
***** ** ** ****** ****** ** in ******* ******. ********* *** **** viable ******** ** ***** ** *** health ******** ********. **** ** ********* propping ********** **** **.
***** ** ***** *** ***** *** worth ** ***, ***** ***** ***** is *** (******** **'* **** ********* around *** *** **** *** *** past ** ******) ****** *** ******* a ****** *** ** ****** ***.
******* ***** ***/**** ** *****, ****'** still ************* *****.
*** *** **********. * ****** *** Chubb ***** *** - ** **** we *** **** - ** **** we ***** *****? * ***** **'* fair ** *** **** *** ***** really *** * **** ***** ** the ******** ********, ****** **** *** integrations **** ** *** ************* ****. The **** ** ***** **** ** provide * ***-**** **** *** *** building ****** ***** ****** ****** *********, I ******* (*.*., ********* **** ******** Technologies), *** ***** **** **** ** let ***** ********* *** ********** ** get *** ** *** **** ********. Interlogix *** * ***** ***** ** one ****; ***** ** **** ** their ********* ******.
**** **** **** ***** **** *********: "The ********** ******** (******/******) *** ** effect ** *** ********** (*** **********) shutdown. *** **** ******** ** *** supplier *** *** ***********."
*** **** -- *** *** **** still ******* *** ******* ************* (*********** a *** ****** ** *** ******* 5" ***********)?
*’** ***** ****** ** *** ******** being ********* *** **** **** *** aiming ** ****** * ****** ****** product ***** *** ******* *****. * haven’t **** **** ** *** **** confirmed ** ************* *** *’** *** heard ** **** ***** *******.
****, *** *****'* **** ***** *** security ******** ********** ** ******* *** ** *** security ********.
** ***** *****, ********** (*** *****) is ******* *** * *********** *** a ************ *** *** ***** ***.
* *** ** ** ********* **** a ***** **** ** ***** ********* installed, *** **** **** ** ******* nervous. *** *'** ******* ****** *** ******** **** ****** **** gone ** ***** ***** ** ********* instead. ****** **** ***** ** **********.