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Likely New Owner of Audio Research Corp Says Company to Stay in Minn

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Valerio Cora and Trent Suggs, new owner and old owner of Audio Research
Valerio Cora & Trent Suggs – new owner & old owner of Audio Research

The day after the Strata-gee story titled, Audio Research Corp is Sold; Or Is It? ran last month, I received an unexpected call from Valerio Cora, CEO of Acora Acoustics, the winning bidder and the likely new owner of Audio Research Corp (Audio Research or ARC). Cora was concerned that Strata-gee’s coverage of Audio Research’s issues had raised some questions – even going so far as to suggest that he felt my coverage was scaring people. He wanted to set the record straight on what is going on with Audio Research.

Learn more of what the Acora Acoustics CEO had to say

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Sonos Cuts Headcount 7%, Looking to Cut Real Estate & Programs

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Exploded view of Sonos speaker

Is Sonos Exploding?

In a filing with the Securities and Exchange Commission (SEC) on Tuesday, Sonos, Inc. [NASDAQ: SONO] said it will institute a “reduction in force” or headcount reduction of approximately 7% of their employees. While the decision to cut jobs is designed to reduce labor expenses, the execution of the plan is estimated to cost the company somewhere between $11 million to $14 million.

But there was even more in the Sonos filing…

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Ex-Samsung Exec Indicted for Industrial Espionage in International Incident

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Samsung Semiconductors website

A former high-level Samsung Electronics executive was indicted on Monday for industrial espionage as it is alleged that he stole trade secrets in the form of blueprints and designs for an advanced Samsung chipmaking factory in order to create an identical one in China. South Korean prosecutors say the executive’s actions jeopardized national economic security, according to a report by the Reuters News Agency.

See more on this surprising Samsung news

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Will Audio Research Corp Actually Be Acquired by Acora Acoustics?

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Audio Research Corp tube amplifier

So much has transpired over the last two weeks in the matter of Audio Research Corp’s status as it operates under Assignment for the Benefit of Creditors, a form of receivership. Several more documents have emerged that serve to shed more light on just precisely what is going on.

See all the latest on the status of Audio Research Corp’s journey to a new owner

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Parasound CEO Sheriff Presents His Plan to Dealers; Some Won’t Be Around to Benefit

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Parasound CEO David Sheriff

Last week, in a national online Teams conference with dealers, Parasound CEO David Sheriff presented his plans for the company’s future. Tightly scripted, the CEO spoke with a firm resolve in a no-nonsense manner. It was clear that the initiatives he announced that day were not topics for more discussion or debate, but rather what is going to happen. And he made it clear that some dealers viewing the online presentation that day will likely not agree with these plans, and that’s fine.

“Let’s talk about parting ways,” Sheriff said, looking directly into the camera without blinking.

Learn more about the Parasound dealer conference

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New AI-Powered Savant Smart Network Delivers More Than You Dreamt Possible

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The all-new Savant Smart Network, an AI-powered, cloud based solution

What if I told you that the new Savant Smart Network is a truly unique, game-changing networking solution that can deliver more than you dreamt possible? It can deliver a continuously optimized network experience for a happier client. It can deliver new profit opportunities for your integration business. It can deliver the ability for your techs – even lower-level techs – to quickly and easily troubleshoot and resolve sophisticated wired/wireless network issues.

Do I have your attention now? Read on…

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VOXX SHOXX Market with Double-Digit Percentage Sales Declines & Deepening Losses

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VOXX International website

VOXX Stock Value Drops Nearly 30%

Yet more evidence of an industrywide downturn emerges, this time from VOXX International’s Fiscal 2023 fourth quarter and full-year results. After claiming that “…we had a lot of positive developments and continued to win new business and expand globally,” Voxx President Pat Lavelle went on to blame “inflation,” “fears of recession,” “the retail environment,” and “supply chain constraints,” for creating “roadblocks” to the company’s performance this year. Roadblocks, indeed…

Learn more on VOXX’s results in Fiscal 2023

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Sonos Stock Drops 25% as Fiscal 2023 2nd Quarter Hit By Slackening Demand

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Sonos fiscal 2023 second quarter results image

After the close of the stock market Wednesday, Sonos, Inc. released its fiscal 2023 second quarter (Q2) financial results. The numbers were pretty rough, but the company had previously adjusted its forward forecast downward. Yet even though the company’s latest Q2 numbers beat analysts’ revenue forecast and were in line with their guidance, the market reacted negatively. How negatively? Sonos’ stock lost more than 25% of its value on the day after the Q2 earnings were announced.

Why such a strong reaction? Read on…

See why investors were spooked after the Sonos earnings report

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Masimo Reports Fiscal ’23 First Quarter Results; Stock Slides on Margin Decline

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How Did Masimo Consumer – aka Sound United – Perform?

Masimo Corporation (NASDAQ: MASI) released the financial results for its first quarter of fiscal 2023 (the quarter that ended on April 1, 2023), and at first glance, the numbers looked pretty good. The company reported revenues grew by an eye-popping 87.5% over the same quarter last year, a number that beat analysts’ estimates. Not only that, but the company delivered adjusted earnings per share of $0.87, which were also well over analysts’ projected adjusted earnings per share of $0.83.

Yet Masimo stock value crashed by more than -5¼% after the announcement. Why?

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YG Acoustics Launches 3rd Gen of Reference Line at Munich High End

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YG Acoustics logo and product photo

Denver-based YG Acoustics has announced it will debut the third generation of its Reference line of loudspeakers – called Reference 3 – at the upcoming Munich High End show, running from May 18 to May 21. The Munich event is one of the world’s preeminent high-end audio expositions. As such, it is the perfect venue for the company to launch its latest generation of Reference with many new technological innovations sure to be appreciated by the event’s audiophile attendees.

Learn more about YG Acoustics at the Munich High End Show

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