I understand that the reason they've pulled the IPO is that they now realise their bottom line is tied in with their customers and Guitar Centre are apparently into Fender for $48mm which kind of canes the market valuation and marks down the share price.
And Jx3 Leo Fender started out repairing radios, the guitars came a little later. I'm not sure they own Takamine but certainly Guild and Gretsch as well as Jackson, Charvel, Tacoma, DeArmond and of course not forgetting Squier.
Leo Fender started out repairing radio`s. Fender was always a musical instrument company. Never a radio repair co.
Sorry Jx3, Fender was originally a radio repair company, I guess you could argue that it was music related!
The company began as Fender's Radio Service in late 1938 in Fullerton, California, USA. As a qualified electronics technician, Leo Fender had been asked to repair not only radios, but phonograph players, home audio amplifiers, public address systems and musical instrument amplifiers. (At the time, most of these were just variations on a few simple vacuum-tube circuits.) All designs were based on research developed and released to the public domain by Western Electric in the '30s, and used vacuum tubes for amplification. The business also sidelined in carrying records for sale and the rental of self-designed-and-built PA systems. Leo became intrigued by design flaws in current musical instrument amplifiers, and he began custom-building a few amplifiers based on his own designs or modifications to designs.