DDG: Launchpad’s Almost Complete – Takeoff is Imminent

In late December 2012, just days before the January Consumer Electronics Show, there was a relatively significant shift in alliances in the world of national distributor groups that we reported on. First we learned of the creation of a new … Continue reading

EXCLUSIVE: Core Brands Set to Announce Sweeping New Initiatives April 1st

Core Brands, a division of Nortek, Inc., will announce sweeping new structural and marketing initiatives this coming Tuesday, April 1st, Strata-gee.com has learned from multiple sources. In a recent post on parent company Nortek, we alluded to sources telling us … Continue reading

Nortek’s TECH Segment’s Troubled Transformation

In a recent fiscal year 2012 fourth quarter and full-year report, Nortek, Inc. showed a mixture of hit-and-miss results with fourth quarter sales dropping 5.6% to $505.4 million as compared to Q4 2011’s $535.2 million. Worse yet, the company’s Q4 … Continue reading

Former Thiel Co-Founder Joins Magnet Supplier

Quadrant Solutions, a supplier of magnets and magnetic assemblies announced today that Kathy Gornik, former co-founder of high-end loudspeaker manufacturer Thiel Audio, has joined the company in a new business development role. Gornik’s appointment is effective immediately. See more on … Continue reading

Foxconn International Reports Biggest Financial Loss in Its History

Foxconn International Holdings Ltd. (FIH), announced today that for fiscal year 2012 the company had the biggest loss ever since it listed its stock in 2005. FIH, which says it is the world’s largest contract manufacturer of cellphones, booked a … Continue reading

Nortek SVP & Treasurer Edward J. Cooney Passes Away Suddenly

Nortek, Inc. announced today the sudden passing of its Senior Vice President and Treasurer Edward J. Cooney. Mr. Cooney had joined Nortek in 2001 after a 22-year career with Amtrol, Inc. Initially operating as the company’s Vice President and Treasurer, … Continue reading

New Details of Drama Emerge in Continuing Sharp & Samsung Soap Opera

A story that has stunned many in Japan, the partnership between two former arch-rivals Sharp Corp. and Samsung Electronics Co., continues to churn out surprising new details of the backroom drama worthy of the most melodramatic soap opera. As the … Continue reading