Glock Feels Pinch Of White House Push To Limit Gun-Sale Practices
>Updated 9:03 PM ET June 14, 2000
>Current quotes (delayed 20 mins.)
><http://quicken.excite.com/investments/quotes/?symbol>TKS 12 9/16 1/2 (4.15%)
>NEW YORK -(Dow Jones)- Handgun manufacturer Glock said it is beginning to
>feel the pinch of a Clinton administration campaign to get municipal
>police departments to refuse to do business with firearm makers that
>decline to curb certain business practices, Thursday’s Wall Street Journal
>reported.
>
>The U.S. unit of Austria’s Glock GmbH has received word in recent days
>from five cities around the country that say they are putting on hold
>acquisitions totaling about 2,000 Glock pistols, and may cancel the
>purchases, Paul Jannuzzo, the vice president and general counsel of the
>unit said.
>
>Glock is the predominant supplier of U.S. police weapons. The 2,000 guns
>constitute only about 1% of the U.S. unit’s annual sales, Mr. Jannuzzo
>said. He added, though, that he expected the number of delays and
>cancellations to grow. He discussed the situation on the condition that
>the cities not be identified, explaining that he hoped to reinstate some
>of the sales and didn’t want to tip off any competitors, the Journal reported.
>
>Glock’s acknowledgment is important because it is the first indication of
>the potential effectiveness of one of the Clinton administration’s main
>pressure tactics against the gun industry.
>
>Even so, administration and municipal officials involved in gun-control
>policy said they weren’t aware of specific cities beginning to act against
>Glock. That could be because the action against the gun company is taking
>place at the purchasing and police department levels and hasn’t yet
>hardened into formal policy.
>