<April 4, 2012> In an upcoming issue of Forbes magazine, entrepreneur Jeff Bezos will be profiled and analyzed as the technology-industry’s leading “philosopher-CEO.” As part of this coverage, Forbes contributor George Anders solicited the rule-breaking CEO’s lessons of leadership. [Read more…] about The Top Ten Leadership Lessons of Amazon’s Jeff Bezos
Best Buy Bombed by Wall Street as Word Comes Its Bonds May Get Rated ‘Junk’
<April 4, 2012> Best Buy Co. may be starting to feel a little like Rodney “I don’t get no respect” Dangerfield as Wall Street reacted strongly to news today that Standard and Poor’s may drop the industry’s largest retailer’s bond rating to “junk” status. As word leaked out, Best Buy’s stock dropped 2.55%, more than twice the rate the overall Dow dropped. [Read more…] about Best Buy Bombed by Wall Street as Word Comes Its Bonds May Get Rated ‘Junk’
Nortek’s Losses Increased in 2011, But Company Says Q4 Results are Encouraging
<April 4, 2012> In financial results filed with the SEC at the end of last week, Nortek, Inc. said fiscal year 2011 (year ending December 31, 2011) saw a substantial sales increase of 12.7% from $1.899 billion in 2010 to $2.141 billion last year. However, the company reported that losses also increased from 2010’s $13.4 million to last year’s $55.9 million. Still, the company feels there’s cause for optimism as fourth quarter results improved substantially over the fourth quarter of 2010. [Read more…] about Nortek’s Losses Increased in 2011, But Company Says Q4 Results are Encouraging
Ex-D&M President Weissburg Heads to Gibson Guitar
<March 6, 2012> Gibson Guitar announced yesterday that it has hired ex-D&M President Bob Weissburg as global executive vice president – a new position at Gibson. Although Weissburg’s focus will likely be their consumer electronics and pro divisions, Gibson says he will be in charge of all divisions at the company – including musical instruments. [Read more…] about Ex-D&M President Weissburg Heads to Gibson Guitar
More Than 50% of All Americans View Online Video
<December 28, 2011> Earlier this month, eMarketer released a report showing that online video viewing has reached a key milestone with more than 50% of the entire U.S. population watching video on the Internet. And the market research company forecasts that the trend will only continue to rise over the next three years. [Read more…] about More Than 50% of All Americans View Online Video
CEDIA Membership Meeting was Remarkable for What Was Said… and for What Wasn’t
<December 28, 2011> The Custom Electronic Design & Installation Association (CEDIA) held its annual Membership Meeting through a webinar on Tuesday with a total of 76 attendees including CEDIA members, press, and others. The meeting, conducted by CEDIA Board of Directors Chairman Randy Stearns, was remarkable both in terms of what was presented…and what wasn’t. [Read more…] about CEDIA Membership Meeting was Remarkable for What Was Said… and for What Wasn’t
Of Two Big Tech Stories in 2012, This One Will Likely Be the Biggest…and Scariest
<December 28, 2011> We now can predict with a reasonable level of certainty two huge technology stories coming up in 2012. They may in fact turn out to be the biggest stories of the entire year. One is the impending public offering of Facebook, a story that will likely mean the minting of yet another Forbes billionaire, Mark Zuckerberg. But the story that many feel will be the biggest of the big is the impending launch of Apple’s long-rumored iTV. [Read more…] about Of Two Big Tech Stories in 2012, This One Will Likely Be the Biggest…and Scariest
Sony Decides to Stop Sleeping With the Enemy; Breaks Off Samsung Partnership
<December 28, 2011> Multiple reports from The New York Times, Reuters, the Nikkei and others say that Sony Corp. has decided to pull out of its joint venture with Samsung called S-LCD Corp. Launched in 2004, the JV manufactured LCD TVs in South Korea for both partners and was Sony’s attempt to catch up with the rest of the industry after its disastrous decision to stay with analog sets as everyone else turned to flat panels. [Read more…] about Sony Decides to Stop Sleeping With the Enemy; Breaks Off Samsung Partnership
At Long Last CEDIA Releases Findings from New Research on CI Market
<December 15, 2011> At the September CEDIA Expo in Indianapolis, the trade association’s CEO, Utz Baldwin, held a press event in which he announced that the organization was in the final stages of completing a detailed research report on the custom installation market served by its members. Baldwin, who is no longer with the organization, promised a fourth quarter release – and they just made it as they announced today selected data from the report which, interestingly, will not be available for sale in 2011. [Read more…] about At Long Last CEDIA Releases Findings from New Research on CI Market
CEDIA’s First, and Perhaps Only, CEO Leaves the Trade Group
<December 7, 2011> Last Monday, CEDIA, the predominant trade association for the custom integration market, announced that its Board of Directors and Chief Executive Officer Utz Baldwin “have agreed on Mr. Baldwin’s departure from CEDIA…” The prepared statement from the group gave no reason for the change but assured members that the Board of Directors “will continue to provide strategic leadership for the organization…”