As long as we are clearing things up
The Walther section of the Interarms line wasn't bought by Smith and Wesson.
It was sold at auction after the death of Interarm's founder when his daugher, who got the business, found herself more interested in living the high life in Palm Beach than running an import business.
The P-5 inventory went to Bachman Pawn and Gun, where they were sold for the bargain rate of $475 each to the general public.
Everything else went to Champion Firearms down in College Station, Texas. They still have a number of PPK and PPK/S models in SS, .380, on inventory.
The Walther accessories (hats, shirts, etc) were sold to Earl's Service up in Massachussetts. He sells the hats for $10, and they are nice hats.
Ranger Manufacturing of Gadsden, AL, who made the guns, went out of business as well. Two of the principals in the business moved it, and the name, to Texas. They no longer manufacture firearms. Last I heard they were making hydraulic valves.
The Star inventory was sold to CDNN Investments in Abilene, TX. The Rossi inventory was sold to M&M in Alexandria, VA.
A simple way to check current prices for any particular arm is to check the online sales sites like GunsAmerica.com and see what's being offered for what price.
For more info on the TPH, try the Unofficial Walther Homepage, recently redesigned:
http://www.geocities.com/Pentagon/Quarters/2188/
Or Gene Gangarosa' book, "The Walther Handgun Story".
Ken Strayhorn
Hillsborough NC