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Voxx Intl 1st Qtr Fiscal ’24 Results Hit Hard; Premium Audio Sales Drop -32%

July 12, 2023 by Ted 6 Comments

Voxx International website

VOXX International Corporation (Voxx) (Nasdaq: VOXX) reported its financial results for the first quarter of fiscal year 2024 and the numbers were not pretty. The first quarter is the period ending on May 31, 2023, and overall net sales n the quarter dropped by -13.1%, with a net loss increase of 65%. The hardest hit segment was the company’s Premium Audio Company division – home of brands like Onkyo, Pioneer, Integra, Elite, and more – which saw sales collapse by -32%.

Learn more about Voxx Intl’s rough first quarter of fiscal 2024

[Read more…] about Voxx Intl 1st Qtr Fiscal ’24 Results Hit Hard; Premium Audio Sales Drop -32%

Filed Under: Financial, Management, Manufacturers, News Tagged With: Pat Lavelle, Premium Audio Company, quarterly earnings, Voxx International

Masimo Consumer Partners with Oasys Residential Technology Group

June 29, 2023 by Ted Leave a Comment

Masimo Consumer, part of Masimo Corp (Nasdaq: MASI), announced today that it has formed a partnership with Oasys Residential Technology Group, a buying group of residential technology integrators that is part of the Nationwide Marketing Group. Formerly known as HTSN, the rebranded and rechartered Oasys Residential Technology Group recently held its inaugural launch event in May in Nashville with Strata-gee in attendance.

Learn more about Masimo Consumer at Oasys

[Read more…] about Masimo Consumer Partners with Oasys Residential Technology Group

Filed Under: Buying Groups, Integrators, Manufacturers, News Tagged With: Hank Alexander, Kevin Zarow, Masimo Consumer, Oasys

Jan Tulloch Co Acquired by Redwood Marketing

June 29, 2023 by Ted Leave a Comment

Redwood Marketing logo

Redwood Marketing, Inc. continues an ambitious growth strategy by acquiring another Northern California manufacturers sales representative group, the Jan Tulloch Company. Both groups are based in Northern California, and the deal is expected to close by July 1, 2023.

Read more on Redwood Marketing & Jan Tulloch Co

[Read more…] about Jan Tulloch Co Acquired by Redwood Marketing

Filed Under: Dealers, Integrators, News, People, Sales Reps Tagged With: Jan Tulloch, Jan Tulloch Company, Jim Knight, Phil Jackson, Redwood Marketing

B&W Announces Two New ‘Signature’ Models in Its Vaunted 800 Series Line

June 28, 2023 by Ted Leave a Comment

New B&W 801 D4 Signature

Can your very best products get even better? Bowers & Wilkins (B&W), part of Masimo Consumer Audio (formerly Sound United), have shown consistently over the years that by applying technological refinements and special custom finishes, their models carrying the “Signature” designation deliver both performance upgrades and dramatically unique visual design. Signature models exist in a few B&W series, but it is especially noteworthy when the designation is applied to their vaunted 800 Series – as the company just announced today.

See more on new B&W 800 Series Signature models

[Read more…] about B&W Announces Two New ‘Signature’ Models in Its Vaunted 800 Series Line

Filed Under: Manufacturers, News, Products Tagged With: 800 Series, B&W, Bowers & Wilkins, Signature Series

Masimo Shareholders Elect Politan Nominees to Board; Sound United Future is Cloudy

June 27, 2023 by Ted 6 Comments

Politan director nominees who won their seat on the board

Masimo Corp. [NASDAQ: MASI] shareholders voted to elect two new independent board candidates nominated by activist investor Politan Capital Management, including Politan’s Chief Investment Officer Quentin Koffey, as reported by Reuters. The election took place on Monday, June 26th at the annual stockholder’s meeting, and it was announced late in the day that the Politan candidates prevailed.

The news is a shocking repudiation of the existing Masimo Board and CEO Joe Kiani – and it puts Sound United’s future with the company in serious doubt.

Learn more about Masimo stockholders voting with Politan

[Read more…] about Masimo Shareholders Elect Politan Nominees to Board; Sound United Future is Cloudy

Filed Under: Management, Manufacturers, News, Strategy Tagged With: Joe Kiani, Masimo, Michelle Brennan, Politan Capital Management, Quentin Koffey, Sound United

Nationwide Launches Ellipsys, A New Commercial Integrator Buying Group

June 21, 2023 by Ted Leave a Comment

Ellipsys commercial technology group, part of Nationwide

Nationwide Marketing Group announced on Wednesday the launch of a new buying group targeted at the commercial integration channel called Ellipsys. Part of its strategy to build its overall membership organization to 1,000 members, Ellipsys actually made its debut, sort of a soft launch, last week at InfoComm in Orlando.

Learn more about Ellipsys commercial integration group

[Read more…] about Nationwide Launches Ellipsys, A New Commercial Integrator Buying Group

Filed Under: Buying Groups, Commercial, News, People

Audio Research Corp Begins Its Next Chapter as AR Tube Audio Corporation

June 21, 2023 by Ted 9 Comments

Minnesota Judicial Branch logo

The Minnesota District Court for the Fourth Judicial District in the County of Hennepin held a hearing on Tuesday to determine the final disposition of the insolvent Audio Research Corporation which is operating under Assignment for the Benefit of Creditors (ABC) – a form of receivership. The assignee in this case, Patrick Finn of Lighthouse Management Group had executed an Asset Purchase Agreement (APA) with Acora Acoustics and was seeking an order from the judge to approve the APA and the transfer of the assets free and clear of any and all liens to Acora Acoustics.

See more on this end of one era of Audio Research…and the beginning of the next

[Read more…] about Audio Research Corp Begins Its Next Chapter as AR Tube Audio Corporation

Filed Under: Financial, Law, Management, Manufacturers, News, Specialty Tagged With: Audio Research Corporation, Patrick Finn, receivership, Trent Suggs, Valerio Cora

Big AI Backer Google Quietly Warns Its Staff About Chatbots, Even Bard

June 20, 2023 by Ted Leave a Comment

Google's Bard screen

Are Your Employees Opening Your Company Up to Liability?

Alphabet, Inc. (Google) seems to find itself caught up in an unusual paradox. On the one hand, it is outwardly and aggressively marketing Bard, its own generative AI chatbot – while on the other hand, it is inwardly…but quietly…warning its own employees about the dangers of AI chatbots. This is according to a report by Reuters based on independent information from four different sources, each in a position to know.

See more on Google’s AI chatbot paradox

[Read more…] about Big AI Backer Google Quietly Warns Its Staff About Chatbots, Even Bard

Filed Under: Manufacturers, News, Strategy, Technology

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

June 15, 2023 by Ted Leave a Comment

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

[Read more…] about Likely New Owner of Audio Research Corp Says Company to Stay in Minn

Filed Under: Management, Manufacturers, News, Strategy Tagged With: Acora Acoustics, acquisition, Audio Research Corporation, Trent Suggs, Valerio Cora

Ex-Samsung Exec Indicted for Industrial Espionage in International Incident

June 13, 2023 by Ted Leave a Comment

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

[Read more…] about Ex-Samsung Exec Indicted for Industrial Espionage in International Incident

Filed Under: Asian Connection, Crime, Law, Manufacturers, News, Technology Tagged With: CHIPS Act, Samsung

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Ted Green Bio

A former dealer, manufacturer, distributor & more. Focusing on business strategy, my goal is to help you make better decisions for greater success.

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