Strategy in TECH...
Sharp Corporation has announced in Japan that it intends to be the first company in the world to bring 8K LCD TVs to market – and says it will begin making them in 2015. Sharp made the comments at CEATEC, a major trade show for the IT and CE industries taking place right now in Japan.
Over the last few days, management of Core Brands has gone out of their way to reach out to several members of the media to talk about last week’s announcement of the retirement of President Bill Pollock, the exit of Senior VP of Sales Dave Keller, and of the layoff of “a small number of full-time positions.” The announcement suggests a lot of turmoil at Core Brands…a company that seems to have “turmoil” as its middle name.
[Read more…] about Is the Shake-Up at Core Brands Really About Retirement?
In an unusually breathless and overstimulated report out of Japan, we learn that Funai Electric Co., Ltd. – a large, global OEM manufacturing company of mostly AV gear – has filed a $400 million damage claim in their battle with Philips over the loss of a deal with the European giant for its Woox audio business. Not only that, but the report from the Nikkei also revealed that – at the same time – Funai’s President and CEO of less than 9-months has abruptly resigned in a dispute with upper management on the future direction of the company.
We received word late today of big changes taking place at Core Brands as the company announced that President Bill Pollock will retire “after 27-years leading Panamax-Furman” and Core Brands. Pollock’s retirement becomes effective at the end of the year and he will be replaced by Joe Roberts, currently Core Brands Vice President of Products and Marketing.
The company also announced that Senior Vice President of Sales Dave Keller will be also leaving the company “before the end of the year.” Interestingly, there was no reason given for Keller’s departure.
Sharp Corp. said late last week that it has reached an agreement with Universal Media Corp. of Slovakia to license its brand and market Sharp branded products in Europe. As part of this strategy, Sharp will either sell or close its factory in Poland, cutting approximately 3,000 employees in total between their company-owned factory and European operations.
On Controls launched their new On Controls Connect at last month’s CEDIA Expo and we received an impressive demo of this little remote access device. On Controls – a cloud-based home automation system – makes it easy for installers to add remote connectivity to their On Controls-based system – a capability that is sure to delight clients.
In the days leading up to last month’s CEDIA Expo, we were persistently cajoled by certain OmniMount folks to visit the display mount manufacturer’s booth…and we’re glad we did. While integrators have an almost dizzying array of mount brands to choose from – only a handful are truly prime designers and manufacturers of high quality mounting solutions.
“I have a very high regard and respect for the product,” Vinu Patel, CEO of Anuva Automation told us he said to Mike Anderson earlier this year as they discussed a possible buyout. Patel was sharing the story of how he came to know – and ultimately buy – Anderson’s home automation and control company Turn It On (TiO). As we reported earlier this year, TiO had run into trouble and out of money when financial backing fell through. The situation quickly became dire.
At the CEDIA Expo earlier this month, Crestron surprised many in the integration community by offering a new, friendly, easy-to-program and easy-to-use, app-driven home automation system they call Pyng. In fact, at a presentation to the press during CEDIA Expo earlier this month, Crestron staff referred to Pyng as “the app for your home.”
Pioneer Corporation released an interesting document on September 12th – while much of the tech media was in Denver for CEDIA – titled Notice with Respect to Basic Agreement for the Integration of Pioneer’s Home AV Business and Onkyo. This curious document, six pages long, gives an update as to the state of the discussions between the parties in the previously announced “basic agreement” between Pioneer, Onkyo, and Baring Private Equity Asia for a “Capital/Business Alliance” related to Pioneer’s Home AV business.
