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Technology Stocks : Thermo Electron (TMO)

TMO 567.02

+0.3%

1:07 PM EST

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To: Ray Dopkins who wrote (364)	5/26/1999 4:06:00 AM
From: Ray Dopkins	Read Replies (1) of 450

CEO Syron already at his post! * THERMO ELECTRON said it will take a $450 million pretax charge and reacquire the publicly held minority stakes in four subsidiaries, as new management moves to restructure the onetime high-flier. The actions, which include shutting a much-publicized but unprofitable laserhair-removal business, are the first moves guided by incoming CEO Richard Syron, who is currently president of the American Stock Exchange and a Thermo director. Mr. Syron, as announced, officially takes his post June 1, but already has been devising a new path for the company. (Dow Jones)

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