Liquid crystal display panel prices are dropping dramatically, hitting new low levels never before seen, as ramped-up production by Chinese manufacturers collides with depressed consumer demand for televisions and personal computers.The situation does not seem to be righting itself, even considering the fact that an earthquake recently damaged LCD panel production in Taiwan.
Pivot Point
After Big Setback, Sharp-Foxconn Deal Expected Soon
Newly Discovered Liabilities Nearly Derail Deal
In what most Japanese media are calling a due diligence blunder, a potential deal for Hon Hai Precision Industry, better known as Foxconn, to buy Sharp Corp. was nearly scuttled when over $3 billion in potential additional liabilities suddenly came to light. The development caused Foxconn to pull back and, ultimately, launch an even deeper and more detailed analysis of the opportunity.
With talks back on track, a deal is now expected by March 31st… [Read more…] about After Big Setback, Sharp-Foxconn Deal Expected Soon
Thiel Audio Makes Retroactive CEO Announcement & More
Third CEO Since Acquisition Three Years Ago
On Monday of this week, Thiel Audio Products, Inc. unexpectedly announced that it has hired a new CEO for the organization. This announcement appears to refer to the CEO we previously told you about back in October 2015, although the release announces his appointment retroactively, effective January 15, 2016.
See more about who Thiel’s new CEO is, and their statement about what’s next… [Read more…] about Thiel Audio Makes Retroactive CEO Announcement & More
Yet Another High-End Brand Turns to Internet Sales, But This Time’s Different
This Time Brand Takes Local Dealers With Them
Raleigh, NC-based Cary Audio announced this week that they will allow their high-end specialty electronics line to be sold online. At first blush, this looks like yet another specialty brand disrupting their bricks-and-mortar dealer base in favor of powerful online dealers – much like our recent story on McIntosh Labs doing just that. But this time, Cary took a completely different approach – one that takes their local dealers along with them.
See how Cary built an entirely different program in going online… [Read more…] about Yet Another High-End Brand Turns to Internet Sales, But This Time’s Different
In Eye of Storm, McIntosh Hit with Management Shake-Up
BREAKING NEWS
We have learned through multiple sources that McIntosh Labs, the high-end American brand that was thrust into the limelight recently when it came to light that the company was authorizing internet sales of its specialty brand, has experienced a bit of a management shake-up. Specifically, two top executives have resigned their positions at the company in just the last few days.
See what we’ve uncovered about this change at McIntosh… [Read more…] about In Eye of Storm, McIntosh Hit with Management Shake-Up
In Wake of Strata-gee Article, McIntosh Sends Letter to Dealers
Last week, we broke the news on Strata-gee.com that McIntosh Laboratories, historically a strong supporter of specialty A/V dealers, had decided to open up sales through the Internet. This decision hit the existing, largely offline, McIntosh specialty dealers hard…many reaching out to us to express their frustration.
The same day our story was posted, McIntosh electronically distributed a letter to dealers from Dan Wakefield, VP of North American Sales for McIntosh, explaining the company’s decision.
See what McIntosh said to dealers about their decision… [Read more…] about In Wake of Strata-gee Article, McIntosh Sends Letter to Dealers
Only Days Away From Official Launch, Toshiba Scraps Wearvue Smart Glasses
Toshiba Corp. has pulled the plug on a highly-touted smart glasses project – a product similar in concept to the recently cancelled consumer version of Google Glass. What’s most interesting about this decision by Toshiba is that they made it just days before the originally scheduled – and loudly promoted – launch date.
See more on this puzzling last-minute cancellation of an almost-launched product… [Read more…] about Only Days Away From Official Launch, Toshiba Scraps Wearvue Smart Glasses
Ingram Micro Sold to Chinese Shipping Company for $6 Billion
BREAKING NEWS
The Associated Press is reporting that Ingram Micro, Inc., best known as parent company to custom integration distributor AVAD, has been sold to Tianjin Tianhai, a Chinese Shipping company in a deal worth roughly $6 billion. The all-cash deal works out to approximately $38.90 per Ingram Micro share, well over its previous close of $29.42.
See more on this surprising announcement… [Read more…] about Ingram Micro Sold to Chinese Shipping Company for $6 Billion
Former Specialist Darling McIntosh Opens Up Internet Sales
BREAKING NEWS
Multiple sources have told us that McIntosh Laboratory, Inc., a brand once deeply committed to the specialty electronics retail channel, has notified dealers by phone that for the first time in its history the company will allow Internet retailers to sell the brand. The list of online dealers that will be authorized to sell McIntosh products includes Amazon.com. The news has sent a shock around their dealer base and we have heard from several very loyal, long-time McIntosh dealers…who are very, very angry.
See more on this latest development from McIntosh… [Read more…] about Former Specialist Darling McIntosh Opens Up Internet Sales
Two Rep Firms Join Forces to Create Mega NY Metro Rep
BREAKING NEWS
Deal Could Be a Blueprint for Rep Deals in Other Markets
We learned this week that two large New York Metro area rep firms have joined together to create a mega-rep firm offering an impressively large assortment of largely custom integration-oriented lines. The two firms are Audio Associates of Somerset, NJ and Thea & Schoen of Clifton, NJ…and the news is sure to shake up the market.
