Ingram Micro Set Q2 Sales Record, But Net Profits Get Slammed by Reorganization Costs

Ingram Micro logoIngram Micro, Inc. reported the results for their fiscal second quarter and first half last week and the report was generally positive. The company noted that worldwide revenues in the quarter increased $600 million or 6% to a new Q2 record of $10.9 billion which they attributed to, among other things, “new mobility wins, robust networking sales and solid systems revenue in North America…strengthening retail and consumer markets in Europe; and better demand in Latin America.”

Ingram Micro’s press released  barely mentioned that net income dropped during the quarter. But a closer look at its SEC filing showed a meaningful drop in net income of 27.4% for the quarter and 36.8% for the half.

If things are going so well, why the drop in net profits at Ingram Micro?… Continue reading

Thiel’s New CEO Says Company ‘Struck a Chord’ Compelling Him to Join

Thiel CEO John Wittman

In a telephone interview today, new Thiel Audio CEO John Wittman told us that the company “struck a chord with me personally,” virtually compelling him to take over as CEO after the owners’ invited him to look at the company last winter. Over the course of an interview that went on for more than a hour, Wittman candidly shared his thoughts and perspectives in an enthusiastic and – to the degree he felt appropriate – open manner.

See what Wittman had to say about where Thiel is at…and where it’s going… Continue reading

Good News: Sharp is Forecast to Lose 2 Billion Yen in Fiscal 1st Quarter

Photo of Sharp solar panelReport Says Sharp Plans to Withdraw from Consumer Electronics & Solar Businesses in Europe

In a new report out of Japan, the Nikkei is forecasting that Sharp Corp. will book a net loss of around ¥2 billion ($19.6 million) for their fiscal first quarter (April – June) this year. The report further says that the company plans to exit both the consumer electronics and solar panel businesses in Europe in order to refocus their efforts on other markets.

Why is a ¥2 billion loss good news? See more below… Continue reading

New York Metro Rep Audio Associates Adds Key Lines & Appoints New Sales Manager

Audio Associates logoMajor New York Metro & Mid-Atlantic sales representative company Audio Associates has been selected by both Bay Audio and Wilson Electronics to represent their brands. In addition to this, Audio Associates separately announced that it has promoted long-time salesman George Christianis to the position of Sales Manager for the company.

See more on these changes at Audio Associates below… Continue reading

Thiel Announces a Brand Relaunch…Again

BREAKING NEWS

Thiel logoThiel Audio dealers were surprised to receive an email Wednesday from the company announcing plans to – in their words – “revitalize” the storied audio brand. We last reported in April that the company had finally acknowledged to its dealers that it was moving its operations to Nashville, TN – after 38 years in Lexington, KY. This acknowledgement came one week after we reported to Strata-gee readers that the company planned to move.

Since then, the company has been silent. Now, this announcement sets out a new agenda for change – and it is an ambitious one.

See the many changes announced at Thiel… Continue reading

After Disappearing Completely, TiO Stages an Improbable Comeback

Photo from TiO websiteIn what was a complete surprise to many last week, several industry reps and dealers received a letter from Audio Control Technology Partners (ACTP) CEO Mike Anderson that announced the return of Turn it On (TiO) to the market. TiO, as you might recall, lost funding back in May and ultimately disappeared from view…all before they shipped their first product.

A Strata-gee EXCLUSIVE: TiO’s Anderson shares the inside scoop on recent developments… Continue reading

Marketers Continue to Shift B-to-B Advertising Dollars to Digital

Advertising Age logoWhether you’re a manufacturer/brand, distributor, rep…or even an integrator selling largely commercial installations…you are a business-to-business or B-to-B marketer. And you’re going to want to pay attention to this new data on marketing trends for B-to-B marketers.

New data released by Advertising Age shows a continued swing away from traditional media to digital media spending by B-to-B marketers. Some of the numbers from this new survey are eye-popping.

See more on Advertising Age’s new B-to-B marketing trends from their latest “Fact Pack”… Continue reading

The One Buzzword That We Really Dislike

Cover of new "Weird Al" Yankivic albumHave you seen any of the latest “Weird Al” Yankovic spoof videos from his newest album Mandatory Fun? One of them caught our eye as it was picked up by – are you ready for this – the Wall Street Journal. Set to one of our favorite Crosby, Stills, & Nash tunes, Suite: Judy Blue Eyes, this video, titled Mission Statement, unabashedly (and quite humorously) lampoons the ever-ubiquitous corporate-speak. [You can see the video below.]

But Weird Al missed a buzzword that we despise…and it is probably one you use… Continue reading