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Pioneer Pulls Out of AV

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BREAKING NEWS

Pioneer LogoIn 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.

Does this deal make sense? Or has the AV world gone crazy?… [Read more…] about Pioneer Pulls Out of AV

The DaVinci Group Names 2013 Rep of the Year

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The DaVinci Group logoThe DaVinci Group, a recently launched manufacturer and marketer of largely custom integration oriented products, announced that it has named Aim High Audio Sales and Distribution as its 2013 Rep of the Year. Aim High Audio represents The DaVinci Group products in the Southeast and Florida regions.

See more on this announcement… [Read more…] about The DaVinci Group Names 2013 Rep of the Year

Sony Puts OLED on the Back Burner; Ramps Up Deeper 4K Commitment

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Photo of early Sony OLED
An early Sony OLED TV.

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.

While Sony puts OLED on the back burner, it is ramping up its 4K commitment now… [Read more…] about Sony Puts OLED on the Back Burner; Ramps Up Deeper 4K Commitment

JVC Kenwood Takes Bold New Steps to Reconstruct Its Core DNA – Shaking Up Structure & Management

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JVC Kenwood logoIn a regulatory filing this month, JVC Kenwood Corp. said it will take dramatic and bold steps to literally change its very core – the operating structure of the company – such that it fundamentally changes the way the company is run. This changing-our-DNA move marks a deep expansion of its previously announced business-spectrum initiatives to move away from its weakening consumer electronics businesses into more commercial enterprises by ensuring that the way it manages itself is completely changed as well.

See more on this surprising move in which JVC Kenwood doubles down on “change”… [Read more…] about JVC Kenwood Takes Bold New Steps to Reconstruct Its Core DNA – Shaking Up Structure & Management

Samsung Cuts Investment in OLED

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Photo of model with Samsung OLED TVIn a move that is likely to signify a tipping point in the industry’s adoption of OLED technology, Samsung Electronics is dropping plans to build a new factory that was supposed to help it scale manufacturing of the nascent technology, driving production volumes and lowering cost. But as we’ve reported before, manufacturing OLED…well, it’s just not easy.

See more on this surprising decision by one of OLED’s most vocal supporters… [Read more…] about Samsung Cuts Investment in OLED

Nortek Q1 Sales Grow in All Major Segments, But AV Sales Continue to Decline

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Nortek LogoNortek, Inc. released financial results for their fiscal first quarter this week. As a widely diversified provider of largely building-related products, the company noted marked improvement in several key areas over the same quarter last year. With an overall quarterly sales increase from $519.1 million last year to $550.1 million this year, sales increased 6%. But the company still lost money in the quarter – though the loss was less than last year.

Results for Norteck’s TECH segment continue a shift to security and AV continues to decline… [Read more…] about Nortek Q1 Sales Grow in All Major Segments, But AV Sales Continue to Decline

Japan’s TDK to Launch R&D Facility in N. Cal’s Silicon Valley

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Image from TDK websiteTokyo-based TDK Corp., a diversified tech manufacturing company, announced this week it would launch a high-tech “product development center” in California’s Silicon Valley to develop next generation electronic parts. TDK is mostly known in this country for its past dominance in the magnetic tape business, but is actually quite diversified and one of the leading electronic component manufacturers (i.e. capacitors, sensors) in the world with revenues in excess of ¥8.5 billion ($83.7 million).

See more on TDK’s Silicon Valley R&D facility plans… [Read more…] about Japan’s TDK to Launch R&D Facility in N. Cal’s Silicon Valley

Commercial & Residential Integrators Converge in Manhattan for Sapphire Marketing NYC RoadShow

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Poster about NYC RoadShowSapphire Marketing, a well-known manufacturer’s sales representative company focusing on the commercial and residential integration channels in the Northeast, held their sixth dealer “RoadShow” in mid-town Manhattan on Thursday and Friday of last week. We had the good fortune of being invited to attend the event courtesy of our friend Dawn Allcot of Crestron’s PR department…and we’re glad we went.

See more on this event, including some impressive presentations by major integration brands… [Read more…] about Commercial & Residential Integrators Converge in Manhattan for Sapphire Marketing NYC RoadShow

A Recent Report Says TiO Has ‘Fallen on Some Hard Times’ But Their CEO Disputes It; What’s Going On?

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Photo from TiO website
This image, from TiO’s website, raises the question: Just what are we “turning on”?

This past Saturday, CEPro published a strongly worded report based on anonymous email sources saying Automated Control Technology Partners, Inc., the parent company of Turn it On (TiO), has “fallen on some hard times” and its “office doors were locked” and “employees haven’t been paid for months.” The article also said that the company is “filing for Chapter 11” [bankruptcy] and “that a huge number of employees have been laid off.” CEO Mike Anderson was quoted as disputing many of the points in the article.

We spoke with Anderson who told us – emphatically – that CEPro got it wrong. So what is really going on at TiO?… [Read more…] about A Recent Report Says TiO Has ‘Fallen on Some Hard Times’ But Their CEO Disputes It; What’s Going On?