Toshiba, who is on the verge of announcing a record loss and plans another round of layoffs, is far from the only Japanese giant who is stumbling. A new analysis by the Nikkei suggests it’s possible that Sharp Corp. may not have enough cash to survive the winter – despite the fact that multiple potential suitors are swirling around them in a head-spinning series of negotiations that, so far, are unproductive. And the news of these new troubles have surfaced after they successfully concluded negotiations for a ¥200 billion bank bailout in April.
Strategy
Silent Thiel Suddenly Trumpets a New App-Controlled Subwoofer
STORY UPDATED 12/23/2015 – SEE BELOW
Thiel Audio unexpectedly announced late today that it would show and demonstrate a new product – a powered subwoofer – at next month’s CES show in Las Vegas, Nevada. This new subwoofer, called the SmartSub™ 1.12, is the first new product introduced by Thiel in a year and appears to contain several new technologies for the company including Wi-Fi integration, app control, advanced signal processing and more.
See what we know so far about this new subwoofer from Thiel… [Read more…] about Silent Thiel Suddenly Trumpets a New App-Controlled Subwoofer
Emotiva in Major Launch of New Models
Emotiva Audio Corporation is one of those ideas whose core elements initially seemed incongruous – high-end products…sold on the Internet? When we learned of their launch 12-years ago, we predicted doom and damnation. After all, high-end audio, we posited, was as much about the experience -the audition – as it is about the product. Founder Dan Laufman proved us wrong. This week, Laufman caught our attention again when we recently received information about an impressive roster of new models to be launched at CES.
See what we learned from our interview with Dan Laufman… [Read more…] about Emotiva in Major Launch of New Models
SnapAV Names Adam Levy as President
Levy Recently Rejoined Organization After a 1-Year Hiatus
Adam Levy, one of the original founding executives of SnapAV in 2006 who left the organization about a year ago “to try some other things,” has rejoined the organization and been appointed President. Levy will be in charge of store operations with day-to-day operational responsibility focused on serving their dealers.
See more about this significant addition to SnapAV’s management team… [Read more…] about SnapAV Names Adam Levy as President
OLED Adoption Tipping Point: Apple iPhone
Several reports have emerged saying that Apple, Inc. has told suppliers that it is committed to upgrading the displays on its popular iPhone from the current LCD-based touchscreen to an OLED display, starting in 2018. This decision has industry-wide ramifications and has suppliers scrambling to increase the capacity of their OLED factories. There are also competitive ramifications from this decision that is bound to rattle competitors.
Seen more on the dramatic implications of Apple’s decision… [Read more…] about OLED Adoption Tipping Point: Apple iPhone
Control4 to Sell Denon Products Directly to Dealers
Control4 Corporation announced today that it will begin offering Denon products to Control4 dealers through a web portal at which products from both brands can be purchased. The move is a first for both brands, as far as we’re aware, and represents a potential expansion of Denon’s distribution channel.
See more on this new Denon/Control4 relationship… [Read more…] about Control4 to Sell Denon Products Directly to Dealers
DTS Partners with ProSource for National Play-Fi Marketing
ProSource, a national dealer buying group, announced this week that it has cut a deal with DTS Inc., to partner in marketing and promoting its Play-Fi wireless music system products. DTS, which announced an expanded roster of Play-Fi participating manufacturers at CEDIA Expo, has been a bit behind other wireless makers before now, but is seen as picking up the pace of its expansion.
See more on this new partnership between DTS and ProSource… [Read more…] about DTS Partners with ProSource for National Play-Fi Marketing
Two Directors Abruptly Resign CEDIA Board of Directors in Apparent Sign of Turmoil
BREAKING NEWS
Two members of the Board of Directors of CEDIA have abruptly resigned within 24-hours of each other in what appears to be a sign of turmoil roiling the organization’s Board, multiple sources told us. According to reports, Richard Millson of Millson Technologies and Bob Brown, a well-known industry consultant, have both abruptly resigned their positions on the Board.
See more on this surprising news out of CEDIA… [Read more…] about Two Directors Abruptly Resign CEDIA Board of Directors in Apparent Sign of Turmoil
Wall Street Reacts to Negative Nortek Q3 Numbers; AVC Sales Drop 36.8%
Company Blames Declines on ‘Negative Impact’ of United Technologies Unsuccessful Acquisition Bid
Nortek, Inc. stock dropped more than 9.3% in early afternoon trading Wednesday in the wake of a report released by the company after the close of business Tuesday showing results for their fiscal third quarter. With sales and profit declines in key business segments – as well as for the company overall – it appears that Wall Street analysts are growing tired of waiting for the promised benefits of the company’s multi-year restructuring program, begun four years ago.
The company reported overall sales for the quarter of $618.5 million or 3.8% below the $642 million booked in the third quarter last year. The profit picture was even bleaker with a net loss of $14.4 million in the quarter this year as compared with a net profit in the quarter last year of $4.6 million.
Surprisingly, the AVC division saw sales drop an astonishing 36.8% to $30.1 million – well off the $47.6 million in the quarter last year – in the wake of the spin-off of TV One and the company’s exit from commercial AV businesses.
See more on this report and its troubling revelations… [Read more…] about Wall Street Reacts to Negative Nortek Q3 Numbers; AVC Sales Drop 36.8%
CEDIA Expo Attendance Disappointingly Flat
This week, the Custom Electronics Design & Installation Association (CEDIA) announced the attendance for this year’s just-completed Expo, which they say came in at 18,700 attendees with 510 exhibiting companies. This level of attendance means only 200 people more visited the 2015 Expo – or a paltry 1% over the Expo attendance last year of 18,500 – and is disappointingly flat in a year that many hoped would show growth.
