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Monster & CEO Noel Lee Get Beat Again; Award to Beats is ‘Final and Binding’

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A Monster slide extolling the creation of Beats
At CE Week in 2014, Monster takes credit for Beats by Dr. Dre

After Many Years & Many Appeals, This Might Be It

It was eight years ago – all the way back to January 2015 – when I first reported on what looked to be a pretty ugly legal action beginning between Monster, LLC and Beats Electronics, LLC. While the lawsuit filed by Monster took place in January 2015, the actions that led them to that point actually began much earlier than that, all the way back to 2011. And the relationship between the two significant CE brands actually began even further back to 2009, when the two came together to create Beats by Dr. Dre headphones, the wildly popular consumer headphone brand.

But when the relationship ended…it ended badly…

Learn more about this latest loss by Monster, to the benefit of Beats (Apple)

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Josh.ai Pivots to Control

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Screen shot of the Josh App from Josh.ai

OK, let me say upfront, I’m pretty sure the good folks at Josh.ai would take exception to the headline of this post. They might even have some harsh words for me. Most likely, they would argue they’ve always been about control. But in my view, they’ve been all about a subset of control – voice control (as well as AI or artificial intelligence).

This week, however, that all changed.

See how Josh.ai is pivoting to full control

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Masimo Stock Value Crashes After Prelim Q2 Warning of Revenue Decline

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Masimo website

BREAKING NEWS

After the close of markets on Monday, Masimo Corporation (Nasdaq: MASI) took the unusual step of issuing a press release announcing preliminary results for its fiscal 2023 second quarter, the quarter that ended July 1, 2023. The release warned investors that the company expected to report a revenue decline in the quarter…a pretty significant revenue decline. But perhaps even more impactful than that, the company went on to add that it is forced to revise downward its forward guidance for the full Fiscal 2023 annual results. The value of MASI stock crashed nearly 26% in an early evening reading of after-hours trading in the stock.

See more on this surprising announcement from Masimo on Q2 results

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New Audio Research Owner and CEO Seeks to Address Questions

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Press release from Cora

This evening I received a press release from Valerio Cora, the new owner and Chief Executive Officer of Audio Research that seeks to address some concerns the company is apparently hearing from customers of the high-end, high-performance electronics brand. Interestingly, Cora says that the company will use the dba (doing business as) designation of Audio Research Corporation, while its legal new corporate name registered in Delaware is AR Tube Audio Corporation.

See more on this note from the Audio Research CEO

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CEDIA Expo Brings Back the Launchpad to Highlight Emerging Tech Companies

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CEDIA Expo 2019 where Launchpad is located

Emerald Expositions, owner of the CEDIA Expo taking place this year in Denver from September 6-9, 2023, announced it is bringing back the Launchpad (formerly known as Innovation Alley) to the Expo floor. The Launchpad highlights several new and emerging companies that take advantage of the event to launch new technologies to the industry.

Learn who will be on the CEDIA Expo Launchpad this year

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Inflation Drops Big in June; But Don’t Pop the Champagne Cork Just Yet

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Chart shows categories that contribute to inflation

Chalk this up to good economic news! Yesterday, the latest Consumer Price Index (CPI) reading for the year through June shows that inflation continues to moderate, coming in at a reading of just 3% growth. That is well off the reading of 4% through May and much better than economists had anticipated.

But it is not yet time to open the champagne just yet, as we are likely to have another interest rate increase from the Federal Reserve Board (the Fed) later this month, and perhaps yet another one before the end of 2023 as they try to manhandle inflation down to their 2% target rate.

See more on the direction of inflation

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Airzone HVAC Control Now Integrates with Lutron for Residential Installations

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Airzone HVAC control now integrates with Lutron Homeworks

Airzone, a maker of smart HVAC control solutions, announced today that it has launched a new integration with Lutron – a leading brand of lighting and shading solutions supported by many residential integrators. This integration brings precise temperature control and empowers HVAC energy efficiency via Lutron’s Homeworks home automation system.

Learn more about the Airzone integration with Lutron

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Voxx Intl 1st Qtr Fiscal ’24 Results Hit Hard; Premium Audio Sales Drop -32%

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Voxx International website

VOXX International Corporation (Voxx) (Nasdaq: VOXX) reported its financial results for the first quarter of fiscal year 2024 and the numbers were not pretty. The first quarter is the period ending on May 31, 2023, and overall net sales n the quarter dropped by -13.1%, with a net loss increase of 65%. The hardest hit segment was the company’s Premium Audio Company division – home of brands like Onkyo, Pioneer, Integra, Elite, and more – which saw sales collapse by -32%.

Learn more about Voxx Intl’s rough first quarter of fiscal 2024

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Peter Wellikoff Appointed Managing Director at Atlantic Technology

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Atlantic Technology logo

Well-known and respected industry executive Peter Wellikoff has been appointed to the newly created position of Managing Director at Atlantic Technology. Wellikoff’s appointment was effective as of July 1st.

See more on this new role for Peter Wellikoff

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New Parasound CEO Believes They Can Do More With Less

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Parasound CEO David Sheriff and VP of Sales Larry Bennett

A Strata-gee Exclusive Interview with CEO David Sheriff

In a Teams interview with new Parasound owner and CEO David Sheriff, with VP of Sales and Marketing Larry Bennett joining in occasionally, I learned more about the company’s seemingly dramatic new direction. This new direction is defined not so much by a changed product strategy, but rather by revisions the company plans to make in policies, programs, and dealer structure that looks to redefine its approach to the market.

See what the leaders of Parasound told me

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