Audio Advice, a leading retailer and e-commerce provider of high-performance home theater and smart home systems, announced on Tuesday that it has appointed Gregg Chopper as its new Chief Operating Officer. With extensive experience in high-end audio as well as North American and International operations and logistics, the company says that Chopper is the perfect addition to its management team as the company continues its rapid expansion.
Masimo Corporation (NASDAQ: MASI) scored a big win Thursday in its ongoing battles with Apple, Inc. when the United States International Trade Commission (USITC or ITC) sided largely with Masimo and issued a Limited Exclusion Order and a Cease and Desist Order against certain Apple Watch models that infringe on select Masimo patents. This exclusion order bans the import of those models that incorporate Masimo’s patented light-based pulse oximetry technology in violation of U.S. trade laws.
See more on Masimo’s stunning ITC victory over Apple[Read more…] about In Huge Win for Masimo, ITC Bans Certain Apple Watch Imports for Trade Law Violations
MQA Limited has notified Companies House, the U.K. government agency that is roughly equivalent to our Securities and Exchange Commission, that it has changed its name. After nine years as MQA Limited, the company will now be known as Wave Realisations Limited.
See more on this new change of name for MQA Limited[Read more…] about MQA Limited No Longer Exists; Say Hello to Wave Realisations Limited
After receiving an extension from the court giving them more time to respond, AVA, Inc. and Josh.ai, Inc. formally filed their responses to the Snap One, LLC lawsuit filed against them this past summer. With these filings, we have completed the end of the beginning of what will undoubtedly be a long dance marathon of patent and trade secret litigation.
See more on the AVA and Josh.ai responses to allegations from Snap One[Read more…] about Snap One Lawsuit: AVA & Josh.ai File Responses; The Dance Marathon Begins
RTI, a leading control and home automation manufacturer, announced on Thursday that it has expanded its sales team. The company announced the appointment of Brittany Delgado as regional sales manager.
See more on RTI expanding its sales team[Read more…] about In Sales Team Expansion, RTI Appoints a Sales Manager for Central U.S. States
Sonance surprised us at CEDIA Expo 2023 with the launch of an all-new Visual Experience line of architectural loudspeakers. Embodying several true innovations, and available in both Sonance and James versions, the Visual Experience line will supersede the highly successful and award-winning Visual Performance series – a series that was a best-seller for most Sonance integrators.
See more on the Sonance Visual Experience line of speakers[Read more…] about Sonance Launches Innovative New Visual Experience Series Architectural Speakers
In new data released Wednesday by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, residential construction – otherwise known as housing starts – returned to growth again, after registering a concerning double-digit decline in August. However, most analysts believe housing will continue to be challenged by a combination of high prices and high interest rates combining to make housing unaffordable for most buyers.
See more on the latest residential construction or housing starts numbers[Read more…] about After Sliding in August, Residential Construction Recovers with Housing Starts Up in September
Current Stock Price Violates NASDAQ Listing Rule…Again
On Monday, WiSA Technologies, a developer and licensor of spatial, wireless sound technology, publicly announced the pricing of a new $4.8 million public offering of Series B convertible redeemable preferred stock and warrants. Separately, and a little less publicly, the company also filed a Form 8K with the Securities and Exchange Commission (SEC) revealing that it is “pursuing a potential strategic transaction.”
The result of both of these pieces of news is that the company’s stock value nosedived as investors turned thumbs down on this latest turn of events at the troubled organization.
See more on the new WiSA problematical issues[Read more…] about WiSA Stock Value Crashes on News of New Stock Issue & Possible ‘Strategic Transaction’
Declares Sonos Patents Unenforceable & Invalid
In a shocking twist to a long-running patent battle, U.S. District Court Judge William H Alsup declared Sonos’ ‘966 and ‘885 patents at trial are unenforceable and invalid effectively countermanding a jury decision on behalf of Sonos and a royalty award of $32.5 million. Furthermore, the judge’s order suggests that Sonos abused the patent system by attempting to use it to “punish an innovator” and to “enrich a[n] [innovation] pretender.”
See more on this shocking twist at the end of Sonos vs. Google[Read more…] about After $32.5M Jury Win for Sonos, Judge Throws Out Jury Verdict and Finds for Google
Company Touts Sequential Improvement, Expense Control, New Investor
VOXX International Corporation (Voxx) (NASDAQ: VOXX), a manufacturer and distributor of a wide range of automotive and consumer electronics products, late on Tuesday released its second quarter of fiscal 2024 financial results for the period ending August 31, 2023. These results mostly echoed those of its first quarter and the company says it is still dealing with multiple negative macroeconomic factors such as a durable drop in consumer spending, inflated retail inventories, a UAW strike, and remaining supply chain challenges. However, the results in the second quarter were slightly more moderate than in the first quarter and there was a modest improvement on a sequential basis.