Success in business requires training and discipline and hard work. But if you’re not frightened by these things, the opportunities are just as great today as they ever were.
David Rockefeller
Existing-Home Sales Hit Highest Level in Almost 3-1/2 Years
In a new report from the National Association of Realtors (NAR) that further reinforces the rebound in the housing market, sales of existing homes for the month of April rose to their highest level in the almost 3½ years since November 2009. And while there were minor quibbles of forecast misses, overall the report contained clear evidence of positive trends including solid pricing increases – as well as an increasing pace of sales.
The NAR has some concern about tight inventory, but see more on this good economic news… [Read more…] about Existing-Home Sales Hit Highest Level in Almost 3-1/2 Years
Sharp Launches 4K Ultra HDTV
Sharp Corp. announced today that it will begin selling 4K or Ultra High Definition televisions to high-end consumers in Japan starting in June, according to a report by the Nikkei. To be included as part of its Aquos line, the company says that 4K technology offers consumers four times the resolution of existing HDTVs.
See more on Sharp’s plans, including whether they have plans to export 4K to the U.S…. [Read more…] about Sharp Launches 4K Ultra HDTV
CEDIA Debuts New Advanced Networking & Systems Integration Boot Camp
The Custom Electronic Design and Installation Association (CEDIA) announced today that it is launching an all-new, “intensive” Advanced Networking & Systems Integration Boot Camp for systems integrators and custom installers. Delving deeper into the subject than any of their other previous courses – or similar classes offered by other organizations – CEDIA says this course offers home technology professionals the opportunity to advance their skills to the advanced level necessitated by today’s high-tech connected home and the Internet of Things.
See more details on this new boot camp… [Read more…] about CEDIA Debuts New Advanced Networking & Systems Integration Boot Camp
Onkyo Launches Two New A/V Receivers To Top Off Their Mid-Range Lineup
Onkyo USA Corp. today announced two hefty new additions to its A/V receiver line, the TX-NR929 and TX-NR828 Network A/V Receivers. Calling them the crown of its mid-range home theater lineup, these new models fit in between their high-end series (TX-NR1010/3010/5010) and their more mid-range series (TX -NR414/515/616/717/818). These new models augment the recently announced TX-NR727.
See more on these new multi-channel, THX-certified A/V receivers… [Read more…] about Onkyo Launches Two New A/V Receivers To Top Off Their Mid-Range Lineup
Thought for the Week
No tyranny is so irksome as petty tyranny: the officious demands of policemen, government clerks, and electromechanical gadgets.
Edward Abbey
Wake-Up Calls and Blind Spots
Last Wednesday, I got a wake-up call the likes of which I never expected…and it has changed my life. Oh yeah, not hyperbole. It started with a simple walk and ended with what I think demonstrates an important lesson in life…and an important lesson in business.
What was it? Well, as I said, it started when I went for a walk… [Read more…] about Wake-Up Calls and Blind Spots
In Wake of Fiscal Year Loss, Pioneer Seeks Business Alliances…and Capital
Pioneer Corp. is seeking to form a business and capital alliance with Japan’s NTT DoCoMo Inc. according to a story today in The Japan Times. The company will also try to enhance its ties with Mitsubishi Electric Corp. “in a bid to survive” in its main car electronics business with a stronger financial footing.
The announcement was made the same day that the company announced their Fiscal 2013 results in which sales came in at ¥451.8 billion ($4.4 billion), up 3.5% over ¥436.8 billion. But more importantly, the company announced a big loss of ¥19.6 billion ($191.6 million)…much worse than the profit of ¥3.7 billion last year.
See more on why Pioneer needs these new alliances… [Read more…] about In Wake of Fiscal Year Loss, Pioneer Seeks Business Alliances…and Capital
Huge Loss & Management Dismissals Induce Sharp Pain at Sharp Corp.
Sharp Corp. announced this week the worst net loss in its long corporate history for the fiscal year that ended March 31, 2013. Booking a net loss of ¥545.35 billion ($5.4 billion), the company has aggressively moved to shake up the company management replacing both the President and Chairman in a rare (for a Japanese company) public rebuke of company leaders. And in what may be a signal to the market, the new President has no ties to the company’s TV business…and he’s talking tough.
See more on this worse-than-expected result… [Read more…] about Huge Loss & Management Dismissals Induce Sharp Pain at Sharp Corp.
Nortek Reports Uneven Q1 Results, But TECH Actually Contributes This Time
Nortek, Inc. reported their financial results from the first quarter of fiscal 2013 late last week. The results were mixed as the company deals with a struggling economy and a difficult internal restructuring that is impacting costs now, with any resulting benefits to be realized still down the road. But for the first time in several quarters, the company’s Technology Solutions Segment (TECH) actually offered a positive contribution with growth in both sales and profits offsetting losses in other divisions. But TECH’s success was largely due to a recent acquisition in the security business.
