Some are born great, some achieve greatness, and some hire public relations officers.
Daniel J. Boorstin
In Wake of Poor Results, JVC Kenwood Announces Major Cuts to Staff & Compensation
Just days after the JVC Kenwood Corp. announced their dismal fiscal first-half results and revealed dramatic revisions to their full-year forecast – including the surprising news that they would lose money this year – the company released a statement saying they would attack their performance shortcomings aggressively. A series of actions were outlined designed to mitigate the company’s projected loss…but they couldn’t say for sure at this time if these actions will have a material effect on the remaining fiscal period’s performance.
See the steps JVC Kenwood’s board of directors outlined to minimize their losses… [Read more…] about In Wake of Poor Results, JVC Kenwood Announces Major Cuts to Staff & Compensation
Nortek Q3 Results: The Road to Success Remains Really, Really Bumpy
On Thursday last week, Nortek, Inc. released the financial results for its third quarter (ending September 28, 2013) as well as their nine-month YTD results – and on the following Friday convened a conference call with analysts to discuss them. While management put a positive spin on these results, one didn’t have to look very hard to see some glaring bumps Nortek is experiencing on their challenging road to success through restructuring and reorganization.
You can almost hear it in Michael J. Clarke’s voice when he said: “Nortek’s net sales and underlying operating performance for the third quarter were consistent with our expectations.” Not exactly the rousing proclamation of success we typically hear on their conference call for industry analysts.
What are the “bumps” Nortek’s hitting on the road to success?… [Read more…] about Nortek Q3 Results: The Road to Success Remains Really, Really Bumpy
NuVo Launches Driver to Integrate Their Wireless Audio System into AMX Automation Systems
Nuvo Technologies announced today that it has released an AMX-certified driver to integrate their Wireless Audio System into AMX automation systems. According to the company, the driver is available to be downloaded on the AMX dealer website now. [Read more…] about NuVo Launches Driver to Integrate Their Wireless Audio System into AMX Automation Systems
Wren Sound Systems – This Bird’s Ready to Fly
Government data makes a strong case for a sustainable recovery under way – but most people in the consumer electronics industry tell me that this recovery is, at best, mediocre and, at worst, not happening. And as challenging as most are finding the economy, start-up companies tell me the headwinds are more like those of a Category 1 hurricane as they try to launch new products and services – hoping to get traction – in a very hostile start-up environment.
But one new start-up that has caught our attention – Wren Sound Systems – seems to be gaining ground with its new wireless speaker system…a product we find unique and interesting.
See what interests us about Wren below… [Read more…] about Wren Sound Systems – This Bird’s Ready to Fly
JVC Kenwood Dramatically Revises Fiscal Forecast – Now Says It Will Lose Money This Year
In documents released today but dated November 6th, JVC Kenwood Corp. announced both their results for the first half of the current fiscal year (the period of April 1, 2013 to September 30, 2013) and a radically revised forecast for their entire fiscal year (ending March 2014). Both these documents combine to reveal a company undergoing a surprising change of fortunes with sales and profits declining dramatically as compared to the same period last year…and a downward revision to their annual forecast.
JVC Kenwood now says – in contravention to their last forecast in May – that they will lose money this year.
What has caused such a turnaround in JVC Kenwood’s fortunes? See more below…
Thought for the Week – November 11, 2013
Most of us never recognize opportunity until it goes to work in our competitor’s business.
P.L. ANDARR
Saying Demand is for Digital Distribution, Dish Drops Blockbuster Stores
Dish Network Corporation said today it will close all remaining Blockbuster video store locations and also dismantle the DVD-by-mail service by early-January 2014. According to the company, consumer demand is clearly for digital distribution of media and physical DVDs just don’t make sense anymore.
See more on this unexpected announcement… [Read more…] about Saying Demand is for Digital Distribution, Dish Drops Blockbuster Stores
Onkyo Expands Headphone Line with Two New iOS Compatible Models
Onkyo USA announced today two new high-performance headphone models that feature full iOS compatibility for user convenience. Both the on-ear ES-CT1300 and in-ear IE-CT1300 include incline controls and microphones to help Apple product users both adjust their sound levels and take calls while using either of these new models.
Learn more about these two new headphones from premium manufacturer Onkyo… [Read more…] about Onkyo Expands Headphone Line with Two New iOS Compatible Models
Monster Launches a Shaq Attack; Sports Star to Help Market Monster Products
Monster Products Inc. announced today that it has cut a deal with basketball superstar Shaquille O’Neal to endorse and otherwise market select Monster-branded products. The company says that O’Neal will aid in the marketing of Monster products in multiple categories “from personal audio to headphones and beyond.”
