And on the Street
Walking back to the hotel I literally ran in to a very dear friend in the business, Thomas Braunwalder, head man at Magnetic in Germany. I then remembered what I liked so much about Thomas. It is his ability to talk on almost any subject, and actually know what he is talking about. He noted that Magnetic was really getting out of the systems business in parking. “We don’t want to compete with our customers.” He notes that many major manufacturers use their gates or components.
Magnetic did well last year and he expects to do better this year, even in the face of the economic issues. My experience is that if Thomas says it, it will be so.
As we were chatting, Larry Donoghue walked by with his lovely wife. He stopped for a moment and said “hello.” Denver is definitely Parking Central
JVH
