Pioneer Electronics (USA) Inc. announced today two new Elite A/V receivers that offers multi-room and multi-source capabilities and 4K Ultra HD compatibility. The new receivers, the VSX-43 7.1-channel and the VSX-70 7.2-channel receivers are designed to appeal to advanced hobbyists and the custom installation community alike.
News
Hon Hai’s Q1 Sales Drop More Than Expected, Hurt by Slipping Demand for iPhone
Taiwan’s Hon Hai Precision Industry Co. Ltd. reported today that sales for the first quarter had dropped by 19 percent from the same period last year. Hon Hai, better known by the name of a large division called Foxconn, is a key supplier to Apple, Inc. and analysts point to this as another indicator of Apple’s slipping dominance of the smartphone business.
See more on this unexpected result… [Read more…] about Hon Hai’s Q1 Sales Drop More Than Expected, Hurt by Slipping Demand for iPhone
Yamaha Launches New Medium-Term Plan; 1st Task? Explain Why Last One Failed
Yamaha Corporation last week announced a new medium-term management plan titled Yamaha Management Plan 2016 (YMP2016) which sets forth management’s strategies for the time period of fiscal 2014-to-fiscal 2016. The new plan succeeds the previous Yamaha Management Plan 125 (YMP125) which was just completed March 31, 2013.
First task of the new plan? Explain why the previous plan failed… [Read more…] about Yamaha Launches New Medium-Term Plan; 1st Task? Explain Why Last One Failed
3vNet to Shut Down; CEO Anderson Launches Automated Control Technology Partners
BREAKING NEWS
Mike Anderson, CEO of 3vNet announced today that 3vNet’s business is being wound down and would cease shipping all products by December 31, 2013. At the same time, Anderson also announced the launch of an entirely new enterprise called Automated Control Technology Partners, Inc. which is expected to debut at the upcoming InfoComm in Orlando, FL this June.
See more details on this surprising pair of announcements… [Read more…] about 3vNet to Shut Down; CEO Anderson Launches Automated Control Technology Partners
Did Vendors Force Electronics Expo into Bankruptcy?
In a series of filings associated with the Chapter 11 voluntary bankruptcy filing by Wayne, NJ-based Electronics Expo, we are learning new details on the slippery slope the company found itself facing in 2012 – a slope that landed them in court, seeking protection from creditors. The filings included an affidavit from company Managing Member and President Levent (known as Leon) Temiz that said circumstances left them with “no alternative but to conclude that a reorganization under Chapter 11 was the best way to stabilize the Debtor’s financial condition and maintain sufficient flexibility to restructure its debt while continuing to operate its business.”
What were the factors that drove Electronic Express to bankruptcy?… [Read more…] about Did Vendors Force Electronics Expo into Bankruptcy?
Ube Successful in Getting Smart Dimmer Funded on Kickstarter
BREAKING NEWS
Ube, a start-up company that combines the processing power of your mobile device with the capability of cloud-based software to create a new level of affordability in home automation products for the rest of us, has successfully completed a funding project on the crowdfunding site Kickstarter. As a result, the company’s first product, a Wi-Fi-enabled smart dimmer, is fully funded and will be built and shipped in just a matter of a few months.
See more on this exciting development and on Ube… [Read more…] about Ube Successful in Getting Smart Dimmer Funded on Kickstarter
First Onkyo – Now Gibson Guitar Acquires Majority of Teac; Can Gibson Put the Pieces Together?
Gibson Guitar Corp. announced last Friday morning at 4:00AM EDST that it would acquire a controlling interest in Japan’s Teac Corp, extending it’s entré into consumer electronics market via newly affordable, if struggling, Japanese companies. Last year, Gibson took a significant minority stake in Onkyo Corp., and additionally purchased a majority share of Onkyo’s American subsidiary, Onkyo USA. Teac, with both a consumer business under the Teac and Esoteric brands, and a professional business under the Tascam brand, broadens Gibson’s consumer and pro initiatives.
Can Gibson put the pieces together into a cohesive – and profitable – group?… [Read more…] about First Onkyo – Now Gibson Guitar Acquires Majority of Teac; Can Gibson Put the Pieces Together?
Electronics Expo Falls into Bankruptcy
Wayne, NJ-based Electronics Expo, an independent regional retail chain selling quality A/V electronics, has entered bankruptcy as of March 31st. The company, which at one time had as many as eight locations at its peak, is now down to two showrooms and one outlet center at its offices, according to a report by NorthJersey.com. Electronics Expo is owned by Leon Temiz, once a partner with family members in another regional player, Sixth Avenue Electronics.
See the “Who’s Who” list of vendors who were hit in this most recent bankruptcy… [Read more…] about Electronics Expo Falls into Bankruptcy
DDG: Launchpad’s Almost Complete – Takeoff is Imminent
DDG Executive Director
In late December 2012, just days before the January Consumer Electronics Show, there was a relatively significant shift in alliances in the world of national distributor groups that we reported on. First we learned of the creation of a new group, CatalystAV – a group whose announcement contained the names of four members of the existing Digital Delivery Group (DDG) group. We also learned that DDG, in addition to losing some key members, had also parted ways with existing Executive Director Dave Kaplan and hired Daniel Kippycash of The DaVinci Group as his replacement.
Now 90-days later, Kippycash updates us on the group’s progress… [Read more…] about DDG: Launchpad’s Almost Complete – Takeoff is Imminent
EXCLUSIVE: Core Brands Set to Announce Sweeping New Initiatives April 1st
Senior VP of Marketing
Core Brands, a division of Nortek, Inc., will announce sweeping new structural and marketing initiatives this coming Tuesday, April 1st, Strata-gee.com has learned from multiple sources. In a recent post on parent company Nortek, we alluded to sources telling us about impending changes in what was to be a major announcement – literally a fundamental change in the way the company does business.
