Strategy in TECH...
Luxman America took advantage of the recent high-end AXPONA 2019 show to announce awards to two top manufacturer sales representatives for outstanding sales achievements. Luxman Corp. president Terry Kawakami, presented both John Pravel and Rick Tydings with special gifts from Japan to honor their over-and-above efforts.
Innovative architectural loudspeaker designer/manufacturer James Loudspeaker announced this week that it will split off its Mavericks theater products into their own division, the Mavericks Architectural Cinema (MAC) division. This new division will offer the company’s dramatic Mavericks theater speakers for both the high-end residential and commercial cinema installation markets.
Are you a one percenter who loves movies, but doesn’t love sharing a theater experience of dirty seats and sticky floors with the unwashed masses? Then Red Carpet Home Cinema is for you! You can see first-run, genuine (non-bootleg) blockbuster Hollywood movies in the comfort of your very own plush home theater for the positively pedestrian sum of a mere $3,000! And you can absolutely see them on the same date & time they are in commercial theaters! Hurrah!
Last week Sonos (Nasdaq: SONO) announced a new CFO to replace current CFO Mike Giannetto, whose retirement was unexpectedly announced almost as an afterthought in a February report of Q1 fiscal results. Late in the text associated with those results, CEO Patrick Spence, in an almost casual fashion, thanked Ginnetto for his service and told investors the CFO was retiring…a total surprise to the market. Sonos stock dropped double digits…and dropped even though the company had reported a record first quarter. (Read my report to see troubling signs within the ‘record’ Sonos quarterly report…)
Como Audio, Tom DeVesto’s latest innovative venture and maker of fine streaming smart speaker systems, has launched a funding campaign on Wefunder, seeking to raise between $100,000 to $1,000,000 in equity investment. Investors on the Wefunder site can buy preferred shares of Como Audio stock priced at $2.50/share and own a piece of the company.
HiberSense, an emerging provider of smart residential and commercial climate solutions, announced this week that it has hired Chris Lawson as their new Channel Sales Manager for the US. Lawson will represent the line to residential and commercial integrators as well as HVAC contractors anywhere in the nation.
American companies are increasingly moving tech jobs to Canada, where easier immigration policies make it much easier to hire foreign tech workers than it is here in the U.S. where the Administration has taken steps to make it more difficult. That mean these companies are expanding their operations in Canada…especially in their tech divisions…turning certain Canadian cities into the next great tech hubs in North America.
I have sad news to report today as respected audio industry veteran Graham Hallett died last Friday, March 8th, after a battle with cancer. Hallett was 73 years old and passed away peacefully, surrounded by his beloved family.
The Park West Group, a CI industry-specific executive search firm, announced earlier this month that it is expanding, adding Mary Demple to its team. The company says this expansion is being made to address the continuing growth of its business.
ResiWeek, the podcast from AVNation.tv that is focused on the residential integration industry segment, has once again invited Strata-gee editor Ted Green to participate as a guest panelist on its weekly podcast. This episode #158 featured several top stories pulled from the industry news of the day.
