Smith & Wesson Recalls James Bond Pistol
ke02eww
USPosts: 2,063MI6 Agent
For all you ppk owners....legal or otherwise...
Smith & Wesson Recalls James Bond Pistol; Shares Drop (Update3)2009-02-25 00:41:23.957 GMT (Adds company comment in fourth paragraph. For more topsmall-cap news, see {SC <GO>}.) By Jason M. BreslowFeb. 24 (Bloomberg) -- Smith & Wesson Holding Corp.recalled a pistol made famous by James Bond and a second handgunafter discovering they may discharge without the trigger beingpulled. The shares fell 9.3 percent in after-hours trading.The recall affects all Walther PPK and PPK/S models made bySmith & Wesson from March 21, 2002, to Feb. 3, 2009, theSpringfield, Massachusetts-based gunmaker said today in aregulatory filing. The recall will cost $900,000 to $1.3 millionfor the quarter ended Jan. 31, the company said. Smith & Wessonreported $73 million in sales for the quarter ended in October.The recall follows a lawsuit filed in September by anIllinois police officer who said he was injured when the safetyon his PPK/S failed to prevent a discharge without the triggerbeing pulled, according to a Smith & Wesson quarterly reportfiled Dec. 15. The company denied liability.Smith & Wesson engineers identified the condition during anevaluation of product performance, spokeswoman Liz Sharp wrotein an e-mail. The company has "not reported any injuries ordeaths relative to this defect," she said.Bond, created by British writer Ian Fleming, carried aWalther PPK in several books and movies.Smith & Wesson fell to $3.20 at $5.07 p.m. after closing at$3.53 in Nasdaq Stock Market composite trading. They have fallen30 percent in the last 12 months.
Smith & Wesson Recalls James Bond Pistol; Shares Drop (Update3)2009-02-25 00:41:23.957 GMT (Adds company comment in fourth paragraph. For more topsmall-cap news, see {SC <GO>}.) By Jason M. BreslowFeb. 24 (Bloomberg) -- Smith & Wesson Holding Corp.recalled a pistol made famous by James Bond and a second handgunafter discovering they may discharge without the trigger beingpulled. The shares fell 9.3 percent in after-hours trading.The recall affects all Walther PPK and PPK/S models made bySmith & Wesson from March 21, 2002, to Feb. 3, 2009, theSpringfield, Massachusetts-based gunmaker said today in aregulatory filing. The recall will cost $900,000 to $1.3 millionfor the quarter ended Jan. 31, the company said. Smith & Wessonreported $73 million in sales for the quarter ended in October.The recall follows a lawsuit filed in September by anIllinois police officer who said he was injured when the safetyon his PPK/S failed to prevent a discharge without the triggerbeing pulled, according to a Smith & Wesson quarterly reportfiled Dec. 15. The company denied liability.Smith & Wesson engineers identified the condition during anevaluation of product performance, spokeswoman Liz Sharp wrotein an e-mail. The company has "not reported any injuries ordeaths relative to this defect," she said.Bond, created by British writer Ian Fleming, carried aWalther PPK in several books and movies.Smith & Wesson fell to $3.20 at $5.07 p.m. after closing at$3.53 in Nasdaq Stock Market composite trading. They have fallen30 percent in the last 12 months.
Comments
DG
"People sleep peacefully in their beds at night only because rough men stand ready to do violence on their behalf." Richard Grenier after George Orwell, Washington Times 1993.
From the description given of the S&W version's problems, it isn't something to trifle with---but, not being a true 'gun expert' by any means, I have a hard time understanding how this weapon's safety can malfunction. Seems to me that either the firing pin extends too far back, or the metal barriers on either side of the pin, which slide into place when the safety is engaged, are too thin...or both ?:)
Whatever the cause, it merits prompt action.
"I am not an entrant in the Shakespeare Stakes." - Ian Fleming
"Screw 'em." - Daniel Craig, The Best James Bond EverTM
If you must have a PPK, get an original Walther or one of those produced by Interarms - avoid the S&W!!!
Bond’s Beretta
The Handguns of Ian Fleming's James Bond
lay the weak hand thumb across the back of the firing pin while lowering the hammer by means of the safety lever, a good rule of thumb(no pun intended) with all Walthers,regardless of age or condition.
Regards,
Tecolote