Friday, 13. February 2004
Topic: GINGER - on February 13, 2004 at 11:35:00 AM CET
A Bright Idea, But Business Model Wobbles
Dean Kamen hoped to change the world by inventing his futuristic upright scooter, the Segway. His quest now is more pedestrian: keeping afloat the company that sells his invention.
Segway LLC, the Manchester, N.H., company formed by Mr. Kamen to make and market the $4,000 scooter, has been beset by poor sales and management turnover. Mr. Kamen recently raised $31 million in fresh money to supplement the $100 million initially raised.
¬> wsj.com ... Comment
