Nortek, Inc. announced late Thursday that it has called off talks with an unnamed party who had tendered an unsolicited offer. According to the Wall Street Journal and as we had previously reported, that suitor was United Technologies. Nortek stock closed Friday at $63.97/share or off 3.8%, on a day when the Dow was up .2%.
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Powerful New Dolby Atmos AV Receivers from AudioControl
Seattle, WA-based AudioControl announced Wednesday that it is launching two all-new AV receivers in their Concert AVR line featuring Dolby Atmos surround technology and 7-channels of high-current, high-power amplification. These new models, the AVR-9 and AVR-7, are expected to ship sometime in fourth quarter of 2015.
See more on these new and impressively upgraded AVRs from AudioControl… [Read more…] about Powerful New Dolby Atmos AV Receivers from AudioControl
Tons of Turmoil at Thiel; Is There Yet Another New CEO?
Tipped off by a source, we have learned that the turmoil at Thiel Audio continues, as yet another wave of executives have arrived and departed – leaving the company ostensibly leaderless and seemingly adrift in the market. The revolving executive door at Thiel seems to be an annual event as we await news on yet another team to jump in the saddle…or into the fire, depending on your perspective.
See more on what we’ve learned… [Read more…] about Tons of Turmoil at Thiel; Is There Yet Another New CEO?
Bluesound Scores Deal for National Placement in Magnolia Design Centers
BREAKING NEWS
Bluesound, a division of Lenbrook America, has cut a deal with Best Buy that will result in a national roll-out of the company’s line of high-quality digital multi-room music systems through Best Buy’s Magnolia Design Center locations. The agreement will begin to take effect later this month in a phased introduction into the first 25 locations.
See more about this major development for Bluesound… [Read more…] about Bluesound Scores Deal for National Placement in Magnolia Design Centers
Sharp to Ship 8K ‘Super Hi-Vision’ Sets by End of October
Sharp Corp. announced this week that it will begin to ship 8K ultra high-definition flat panel TVs and monitors by the end of October. Initially, sales are targeted at certain industrial and commercial markets – with the company saying the very first shipments are headed for broadcast stations and movie studios. This is the first step in commercializing the technology that the company has been working on for years now.
See more on the company’s 8K ambitions… [Read more…] about Sharp to Ship 8K ‘Super Hi-Vision’ Sets by End of October
Investment Advisor on Potential Nortek Acquisition: ‘Nortek is a Bit of a Train Wreck’
After the Wall Street Journal revealed late last month that United Technologies Corp. (UTC) was in talks to potentially acquire Nortek, Inc., we questioned why UTC would even want to acquire Nortek. Within days of our post, investment advisory firm The Motley Fool (TMF) also raised the issue in a post last week about this not-quite-so-obvious marriage. Well, maybe it’s more like a dalliance than a marriage…at least at this point.
We found the Motley Fool’s analysis interesting – both in their clear-eyed assessment of Nortek and why the acquisition may in fact make sense for United Technologies.
See more on this Motley Fool discussion of the potential UTC-Nortek deal… [Read more…] about Investment Advisor on Potential Nortek Acquisition: ‘Nortek is a Bit of a Train Wreck’
Bluesound: Talkin’ ‘Bout Our Generation
New Brand Hits Key Milestone – Launches ‘Generation 2’ Products
This week in New York City, executives from Lenbrook America and Bluesound conducted a media presentation informing them of a major update to the Bluesound brand, which is distributed in the U.S. by Lenbrook America along with NAD and PSB. It is the first major line update since the brand was first launched in 2013. With this update, called “Generation 2,” the Bluesound brand appears to have gained solid momentum – or at least enough traction for the company to justify a significant investment in further product development.
See more of what we learned, including both product and business updates… [Read more…] about Bluesound: Talkin’ ‘Bout Our Generation
A Bad Day at the Office for Apple: Stock Goes Cold, Investigation Gets Hot
Apple, Inc. released the financial results of their fiscal third quarter Tuesday and by most measures, it was good news. Revenues hit $49.6 billion with net profits coming in at a robust $10.7 billion. These results were well over the $37.4 billion and $7.7 billion respectively booked in the same quarter last year. Unit sales of iPhones grew a remarkable 35%, with iPhone revenues increasing 59% to a new quarterly record; sales in China more than doubled; service revenues hit a new record; and cash reserves are at an astounding $203 billion.
How did Wall Street react to all of this “good” news? The stock tanked. At one point Apple’s market value collapsed $60 billion as the stock dropped 7% in just a matter of minutes after the announcement. Yesterday, the stock closed down 5.2%.
See why this is happening…and why government investigators are in high gear… [Read more…] about A Bad Day at the Office for Apple: Stock Goes Cold, Investigation Gets Hot
After 1-Year Delay, Artison Ships Pint-Sized Powerhouse
Artison announced last week the availability of a new freestanding subwoofer called the RCC Nano 1. This seemingly mighty miniature looked appealing on several fronts and we were curious to learn more. We read the release with interest…something about the Nano looked and sounded familiar to us. Then we remembered…we’ve seen it before!
See where we – and our loyal readers – saw the remarkable Artison Nano before… [Read more…] about After 1-Year Delay, Artison Ships Pint-Sized Powerhouse
Hi-Res Audio: On the Fast-Track or Stuck in the Mud?
As we mentioned in our CE Week overview, the Digital Entertainment Group (DEG) held a panel discussion on the current status of the high-resolution audio market (Hi-Res Audio) much like they did last year. It was conducted in much the same way, with essentially the same panel (minus any supporting hardware manufacturers) and, with a couple of exceptions, covered pretty much the same ground.
