Strategy in TECH...
Earlier this summer, executives from Russound visited me to offer me (and Strata-gee readers) a pre-CEDIA Expo sneak peek at some newly redesigned models that are in many ways smarter. I say smarter because these new designs reflect input from integrators (as well as some industry trends) and have launched new sleeker (such as 1U models) and smaller footprint products (such as its popular mini-AVR models). The company is also previewing a new industrial design that I like a lot.
Two big announcements this month from the folks over at AVPro Global, one of the most kinetic entities in integration right now, show how important AV-over-IP is at the company. One announcement is the appointment of a new VP for the company, and the other is about the launch of a new AudioControl product that is really new – as in nothing like it ever existed in any form before now.
While big in commercial, AV-over-IP and Dante is still relatively new to many residential integrators. However, most think this category will grow in popularity on the residential side as more companies begin pushing their solutions.
Bowers & Wilkins (B&W), a premium U.K.-based maker of high-performance loudspeakers, earbuds, headphones, and more, announced today a significant update of its premium earbuds line with the launch of the all-new Pi6 and Pi8 models. The company notes that these new models were crafted by the same design and engineering teams who were responsible for creating the well-received Px7 S2e and Px8 headphone models.
Earlier this month the National Samsung Employees Union (NSEU) opted to end its strike, even though it won no concessions from the company. The strike was the first ever union-directed work-stoppage action in Samsung’s history and threatened to impact critical production schedules at one of the world’s largest consumer electronics companies.
Strata-gee has learned that the popular Integra AVR model DRX 3.4 is now available at NY retail & online dealer Adorama. While Adorama was previously selling Onkyo- and Pioneer-branded models, the addition of this Integra unit appears to be an entirely new development. Not only that, but the consumer deal website Slickdeals has a special deal on the DRX 3.4, with a 50% discount, via a link to purchase at Adorama.
Cambridge Audio, the British specialty audio manufacturer and merchant of musically-inspired audio gear announced today the launch of the Evo One wireless streaming speaker that looks like it will be a formidable force in just about any home. Like Sonos on steroids, with 700 watts of power and no fewer than 14 speakers arrayed to provide room-filling sound – no matter what type of music you like…crank it up!
On Wednesday, Masimo Corporation (Nasdaq: MASI) reported its financial results for the second quarter of fiscal year 2024 and the company’s Healthcare division showed solid signs of regaining traction as it continues to power out of the post-COVID doldrums of the last eighteen months to two years. Investors cheered the results by driving up shares of the company’s stock by more than 11%. However, the Non-Healthcare division (Sound United) continues to be troubled with revenues declining 13% in the quarter.
New proxy material produced and distributed to stockholders this week by Politan Capital Management – an activist investor in Masimo Corp (Nasdaq: MASI) – mostly contains information that was already known. The activist investor, as well as Masimo itself, must provide new proxy materials and voting forms as all previous votes were invalidated as a result of a rescheduling of the 2024 Annual Stockholders Meeting to September 19th (originally was to be July 25th).
But Politan included a few pages of updated background information which, among those items I’ve already written about, did include one fascinating or tantalizing bit of new information.
The judge hearing Lutron Electronics’ appeal of its loss to GeigTech East Bay (part of J. Geiger shades) in a patent infringement case has delivered her decision and it is sure to please neither side. Earlier this year a jury declared Lutron a willful infringer of a GeigTech patent and awarded it an eye-popping $34.6 million. Lutron appealed asking for a new trial, which was denied, but the Judge cut the award to $3.8 million, agreeing that it was “grossly excessive.”
So what happens now? Read on to see…
Sharp Corporation, part of top Apple supplier Foxconn, saw its annual shareholders meeting turn contentious this year as investors are frustrated with management after the company has turned in two years of significant net losses. Perhaps to help mollify investors, the company announced its President and CEO, Robert Wu, has stepped down from his role at the company. Sharp also announced it is scaling back its struggling LCD business.
