Allnet Distributing Opens Outlet in Indianapolis

Allnet Distributing, the large Chicago-based custom integration-focused distribution company founded by former AVAD principal Wally Whinna, announced that it has opened an outlet in Carmel, IN, an area just outside of Indianapolis. The new location will take over responsibility for servicing … Continue reading

Toshiba Credit Rating Cut to ‘Junk’ Status by Moody’s

Last week, Moody’s Investors Service announced that it was cutting Toshiba Corp.’s long-term senior bond rating to Ba2, or “junk” status. Considering recent reports from Toshiba, a major industry player that is stumbling in the wake of a scandalous accounting … Continue reading

Hon Hai Precision Makes Play to Acquire Sharp

BREAKING NEWS Sharp’s Stock Price Skyrockets on News – Up Over 8% in Trading Yesterday The media in Japan is reporting that Hon Hai Precision Industry Co., a Taiwanese manufacturer mostly known for its Foxconn OEM division that is Apple … Continue reading

Japanese Media Speculates Sharp May Not Survive the Winter

Toshiba, who is on the verge of announcing a record loss and plans another round of layoffs, is far from the only Japanese giant who is stumbling. A new analysis by the Nikkei suggests it’s possible that Sharp Corp. may … Continue reading

New HTSA Board of Directors Selected

A new board of directors has been selected by the Home Technology Specialists of America (HTSA), one of the leading retail buying groups in the U.S. This new board, along with the recently announced new managing director (Jon Robbins), represents … Continue reading

Good Economic Sign: November Housing Starts Shoot Up

In a result that exceeded economists’ estimates, November overall housing starts jumped an impressive 10.5% to a seasonally adjusted annual rate of 1.173 million units.  Well over the revised October rate of 1.062 million units, it also exceeded the 1.007 … Continue reading