Security Systems News: Top News Stories -
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Published on: 12/25/2002
Last Visited: 12/25/2002
Now, most dealers are "settled in on what it is that (ADT is) willing to accept at this point," said Barry Simmons, chief executive officer of Security Solutions Inc., an ADT authorized dealer in Raleigh, N.C. and chairman of ADT's Authorized Dealer Council.That group comprises five ADT dealers selected by ADT to provide input to the company from the dealer perspective.At press time, Simmons was preparing an agenda for a quarterly ADT dealer conference in early December in Jacksonville, Fla.
"I think we will have a full agenda, let's put it that way," he said.Simmons said the dealer meetings are often the delivery method of changes that ADT is making to the dealer program, but said he didn't anticipate other major changes to be handed down.
In other news, Tyco employees are pursuing a class action lawsuit against the company after its sinking share price caused major devaluations in employee retirement funds.The employees cite the recent scandals at the company, which have driven more than $80 billion in shareholder value out of the company.
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