Strategy in TECH...
Multiple sources are reporting that Velodyne Acoustics, Inc. – a once high-flying specialty subwoofer manufacturer – has had a significant layoff in its audio division last week as the company seeks to redeploy its resources full-scale behind its LIDAR business. The company, which is driven by its enigmatic founder, David Hall, is betting its future (betting the farm, some would say) on its LIDAR technology which is used in self-driving vehicles (such as Google’s).
On Wednesday, Lenbrook America, the exclusive distributor of NAD in the U.S., held a press presentation in a suite at the upscale Andaz 5th Avenue Hotel in Manhattan. It was a cool but gray and curiously humid day…still able to create enhanced perspiration for those rushing to the event from assorted train/subway/bus stops. But those members of the press who chose to attend were well rewarded for their efforts, as NAD launched a significant update to their Masters Series line – an update designed to further target a new customer that the company calls “Audiophile 2.0.”
In our travels around the TECH industry, we’ve had the good fortune to speak with literally thousands of business owners and managers,,,maybe tens of thousands – we’ve lost count! We’ve watched start-ups launch, sputter, founder, and then catch and take-off. And we’ve watched well-established former high-flyers begin to lose altitude, sputter, and crash and burn.
Yogi Berra once said, “It’s like Deja-Vu, all over again!” A report out of Japan tells of a hot new trend in Europe. Apparently, the latest trend in mobile phones…is consumers going retro. Seem counter-intuitive? It’s even a bit of a fashion statement…the story originates out of Paris, France!
For the last couple of years, there has been a running court battle between two of the titans of the remote control category: Universal Electronics, Inc. (UEI) and Universal Remote Control, Inc. (URC). Today, one of them, URC, announced victory in the first of two pending patent infringement lawsuits that was originally filed in 2012.
URC claimed a complete victory – but Strata-gee.com has received a statement from UEI who says, in effect, not so fast – this dispute is far from over.
The Financial Times reported this morning that Apple, Inc. will announce a new software solution for the connected home market at the Worldwide Developer Conference in San Francisco next week. The move follows a lot of activity in the connected home channel recently including: Control4 going public, Google acquiring Nest, Philips launching Hue (app controlled lighting), Belkin launching WeMo, Harman acquiring AMX…and now Apple seeking to bring it all together in the home.
The release came across the wire at 8:00AM this morning and caught the industry totally off-guard – Harman International Industries, Inc. announced that it has signed an agreement with privately-held The Duchossois Group, Inc. to acquire its AMX, LLC subsidiary for $386 million. The move was not an immediately obvious one for Harman, which has been largely focused on building its automotive electronics division into a worldwide powerhouse.
Just days after two major promoters of OLED, Samsung Electronics and Sony Corp., announced a pullback of their support due to serious production difficulties causing low panel yields and low profitability – word comes out of South Korea that LG Electronics has solved the puzzle on how to profitably produce OLED panels. And while their competitors are shifting their efforts back to 4k Ultra HD LCD TVs, LG is ready to ramp up a major commitment to OLED.
In yet another sign of dramatic changes afoot that will literally change the face of the TECH industry for years to come – news comes out of Japan that Pioneer Corp. is planning to exit the AV business by selling off its entire AV division. This news follows a similar decision made by JVC Kenwood earlier this year to pull out of consumer electronics to focus on more commercial business.
Pioneer is said to be in active negotiations with Funai Electric, a large OEM manufacturer who recently took over Philips video business, as well as other potential suitors.
Just days after a similar announcement from South Korean rival Samsung Electronics, Sony Corp. has said it will put OLED technology on the back burner – scaling back development efforts for the forseeable future. Instead, the company says it sees a greater immediate opportunity with 4K Ultra HD LCD TVs and will work to expand its assortment in this product segment.
