For reasons not entirely clear, the third quarter of this year was exceedingly vigorous for activity on the Strata-gee.com website and the SYNCH newsletter. All except one were actually written during the quarter and four of these stories had astronomical numbers that just a year or so ago would have been decent numbers over a year’s time frame!
Archives for October 8, 2014
Funai Files $400 Million Claim Against Philips; But Management Infighting Engulfs Funai in Flames
In an unusually breathless and overstimulated report out of Japan, we learn that Funai Electric Co., Ltd. – a large, global OEM manufacturing company of mostly AV gear – has filed a $400 million damage claim in their battle with Philips over the loss of a deal with the European giant for its Woox audio business. Not only that, but the report from the Nikkei also revealed that – at the same time – Funai’s President and CEO of less than 9-months has abruptly resigned in a dispute with upper management on the future direction of the company.