Strata-gee.com

Strategy in TECH...

You are here: Home / Archives for Pivot Point

Pivot Point

After Year-and-a-Half Fight, All Claims are Dismissed in Snap One vs AVA

by Leave a Comment

Graphic showing AVA, Josh.ai, and Snap One

Snap One vs Josh.ai Lawsuit Continues

Strata-gee has learned that the U.S. District Court in the District of Utah has granted a Joint Motion to Dismiss all claims between Snap One, LLC (now part of Resideo) and AVA, Inc. The motion is the result of a negotiated settlement between the parties. This solves one-half of a lawsuit originally filed in August 2023 between Snap One, LLC (plaintiff) versus AVA, Inc. (defendant), and Josh.ai, Inc. (defendant).

Josh.ai is not part of this settlement so that case carries on.

Learn more about the settlement between Snap One and AVA

[Read more…] about After Year-and-a-Half Fight, All Claims are Dismissed in Snap One vs AVA

Sonos Announces ‘New Commitments’ to Consumers; Analyst Issues Double Downgrade

by 6 Comments

Sonos Ace headphones
Is she winking at me? Or wincing in the pain of Sonos’ problems?

Sonos (Nasdaq: SONO) announced this week that it was issuing new quality and customer experience “commitments,” as it seeks to rebuild its deteriorating reputation in the wake of a disastrous app launch earlier this year that has caused many, if not most, Sonos systems to stop operating properly – if they operate at all. There has been tremendous upheaval among Sonos customers who have reacted angrily and negatively on Sonos-related message boards and other social media sites.

And now, just last week, Morgan Stanley analysts issued a rare “double downgrade” on Sonos shares – a significant ratings drop indicating that it expects the value of Sonos stock to underperform the market in the near- and mid-term future. Morgan Stanley’s analysis of why this double downgrade was necessary is pretty devastating.

See more on the Sonos slide and its attempts to turn things around

[Read more…] about Sonos Announces ‘New Commitments’ to Consumers; Analyst Issues Double Downgrade

WiSA Stock Value Crashes on News of New Stock Issue & Possible ‘Strategic Transaction’

by 2 Comments

Image from WiSA website

Current Stock Price Violates NASDAQ Listing Rule…Again

On Monday, WiSA Technologies, a developer and licensor of spatial, wireless sound technology, publicly announced the pricing of a new $4.8 million public offering of Series B convertible redeemable preferred stock and warrants. Separately, and a little less publicly, the company also filed a Form 8K with the Securities and Exchange Commission (SEC) revealing that it is “pursuing a potential strategic transaction.”

The result of both of these pieces of news is that the company’s stock value nosedived as investors turned thumbs down on this latest turn of events at the troubled organization.

See more on the new WiSA problematical issues

[Read more…] about WiSA Stock Value Crashes on News of New Stock Issue & Possible ‘Strategic Transaction’

AudioControl Residential Division Acquired by AVPro Global Holdings

by Leave a Comment

Some AVPro Global products

BREAKING NEWS

This morning, AVPro Global Holdings, Inc., a maker of a wide variety of audio/video gear and services, announced it has acquired the residential division of AudioControl from AAMP Global. Like King Solomon, the move “splits the baby” in half along its logical business lines with AVPro Global taking over AudioControl’s residential division, while AAMP Global retains its mobile electronics business.

See more on the AudioControl acquisition by AVPro Global

[Read more…] about AudioControl Residential Division Acquired by AVPro Global Holdings

ISUS in America? Emerald Adds a Commercial Show to CEDIA Expo; Exhibitors React

by 7 Comments

Emerald owned CEDIA Expo 2022

Emerald Expositions (NYSE: EEX), the national B2B trade show company that owns CEDIA Expo, CE Pro, and Commercial Integrator surprised the industry at the recent CEDIA Expo 2022 by abruptly announcing that next year they will be “co-locating” a show for commercial integrators at the same time and in the same facility. Reaction to this announcement was…to put it mildly…mixed. Is Emerald trying to imitate the Integrated Systems Europe (ISE) show – an event for both residential and commercial businesses – by launching an ISUS (Integrated Systems United States) event??

Do you wonder why there was a mixed reaction to Emerald’s move? Read on…

See why some big exhibitors were not happy with the Emerald announcement…

[Read more…] about ISUS in America? Emerald Adds a Commercial Show to CEDIA Expo; Exhibitors React

WiSA Technologies Puts Up a ‘For Sale’ Sign

by Leave a Comment

WiSA Technologies home page

On Monday, WiSA Technologies, Inc., a “developer of spatial, wireless sound technology for smart devices and next-generation home entertainment systems,” announced that it has hired an advisor to aid them in moving forward with an “exploration of strategic alternatives” for the company.

In other words, it is putting itself up for sale.

See more on WiSA looking for a buyer

[Read more…] about WiSA Technologies Puts Up a ‘For Sale’ Sign

U.S. Luxury Home Sales Plummet in Biggest Drop Since Onset of Pandemic

by Leave a Comment

In what is likely another sign of the housing market downturn, and perhaps a cooling of the overall economy, sales of luxury homes in the U.S. plummeted in the three-month period that ended in April, according to an analysis by Redfin Corp. as reported by Bloomberg News. The Redfin analysis covered the top 50 metropolitan areas and revealed the largest drop in sales of luxury properties since the onset of the pandemic.

See more on the decline of luxury home sales

[Read more…] about U.S. Luxury Home Sales Plummet in Biggest Drop Since Onset of Pandemic

Sales of Newly Constructed Homes Collapse in April; Odds of Recession Tick Higher

by Leave a Comment

sales of newly constructed homes collapse

Sales of newly constructed homes virtually collapsed in April in a double-digit decline that surprised economists and added to the growing evidence that the housing market is entering a downturn. This downturn in housing adds to growing concerns of a recession, as it comes on the heels of the tech industry decline, and new retailer warnings of slackening demand and supply chain driven cost increases.

See the surprising numbers out of the housing market today

[Read more…] about Sales of Newly Constructed Homes Collapse in April; Odds of Recession Tick Higher

What Amenities Do Million Dollar Home Buyers Desire? ‘Wellness’ Tops the List

by Leave a Comment

Beautiful luxury villa with pool by the sea

‘Wellness’ is Most Requested Amenity by Luxury Buyers

In a recent interview in a business newsletter, James Harris of the reality TV show Million Dollar Listing chatted about the latest trends in the luxury home market. The interview offered some interesting insights on the most desired amenities by today’s luxury home buyer, aka the primary target client for most custom integrators. Of the long list of available options, wellness is said to top the list as today’s most desired amenity.

[Read more…] about What Amenities Do Million Dollar Home Buyers Desire? ‘Wellness’ Tops the List

Crestron Brings the Trade Show to You via the Crestron NEXT Road Trip

by Leave a Comment

Crestron NEXT logo

BREAKING NEWS Event Kicks Off in November, Starting in Boston & Chicago; More to Follow

I have just learned that Crestron is planning to launch a monster series of regional dealer shows, called the Crestron NEXT Road Trip, that sounds as though they’re going to be spectacular – with new product launches, full product displays & demos, and in-depth educational courses offered. The multi-day event will include huge displays from both the company’s commercial and residential business units in what promises to be quite a show.

See what we know so far about the Crestron NEXT Road Trip

[Read more…] about Crestron Brings the Trade Show to You via the Crestron NEXT Road Trip