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Apple Supplier Foxconn Hit Hard by iPhone Sales Drop

January 16, 2019 by Ted Leave a Comment

Taiwan’s GDP Declines Due to Apple Cuts

Photo: Nikkei

We have followed Foxconn for years now, first picking up on them in 2012 when news had emerged that a significant Apple supplier was having problems with employees committing suicide – eventually forcing the company to install ‘suicide nets’ on their taller factories and offices to help thwart further suicide attempts. Foxconn has continued on to become one of Apple, Inc.’s largest iPhone supplier of parts and assembly.

Foxconn rode the rising iPhone wave, but what about now?…

[Read more…] about Apple Supplier Foxconn Hit Hard by iPhone Sales Drop

Filed Under: Asian Connection, Brands, Financial, Management, Manufacturers, News, Pivot Point, Tech Trends Tagged With: Apple, Foxconn, Hon Hai Precision Industry Co.

Top Tech Stories From CES 2019

January 10, 2019 by Ted Leave a Comment

CES graphic

CES 2019 is over the hump, closing tomorrow. But the top tech stories are pretty big and pretty clearly defined – and will be quite exciting, when they appear…someday. The top tech stories include – LG’s rollable, bendable OLED displays, Artificial Intelligence (AI), 5G – the next generation wireless tech, 8K TVs, autonomous vehicles – both car and motorcycle, and Apple & Siri strike back.

See what’s hot at CES 2019 in Vegas, baby…

[Read more…] about Top Tech Stories From CES 2019

Filed Under: Associations, Brands, Distributors, Industry Trends, Manufacturers, Marketing, News, Products, Retailers, Sales Reps, Shows & Events, Tech Trends Tagged With: CES, Consumer Electronics Show, Consumer Technology Association, CTA, Gary Shapiro, LG, Micro Led, OLED, QLED, Sony

Bryston Terminates Reps; Hires National Firm

January 1, 2019 by Ted 7 Comments

Bryston's logoI had barely lit up the pixels with my post on Nortek’s holiday termination of their remaining independent sales representative groups, when I began hearing from a number of other sources about high-end specialty brand Bryston terminating their rep force as well. It’s like a New Year’s assault on sales representative groups…and they aren’t happy about it…

See what we know about the Bryston sales strategy… [Read more…] about Bryston Terminates Reps; Hires National Firm

Filed Under: Brands, Management, Manufacturers, News, Sales, Sales Reps, Strategy Tagged With: Bryston, Gary Dayton, Rega, The Sound Organisation

Nortek to Reps: Happy New Year, You’re Fired

December 31, 2018 by Ted 1 Comment

BREAKING NEWS

Nortek Security & Control logoOur phones and email lit up over the last few days as word spread that Nortek Security and Control has fired all of the remaining Core Brands reps in the U.S., according to multiple sources. The timing of the terminations over the holidays only seems to add a sense of heartlessness to the action….a real-life ‘bah humbug’ that leaves the reps feeling cold.

See more on the New Year firing of all Nortek field sales reps… [Read more…] about Nortek to Reps: Happy New Year, You’re Fired

Filed Under: Brands, Management, Manufacturers, News, Sales Reps Tagged With: Core Brands, Melrose, Melrose Industries, Melrose PLC, Nortek, Nortek Inc., Nortek Security & Control, sales

Gibson’s Speedy Bankruptcy Exit Hits a Big Roadblock

December 19, 2018 by Ted Leave a Comment

Gibson's G-Force auto-tunerI have to admit, Strata-gee was considering moving on from its Gibson Brands (Gibson Guitar) coverage, first started in 2012 when the company made several acquisitions as part of an ill-advised foray into the consumer electronics business. As delineated in our copious coverage, Gibson CEO Henry Juszkiewicz turned to OPM (other people’s money) loading the company up with over half a billion dollars in debt to pursue a business in which the company had no expertise…ultimately resulting in Gibson’s bankruptcy filing in May of this year.

Gibson’s major creditors banded together, put together what some would call a pre-packaged bankruptcy plan and looked as though they would exit bankruptcy late November/early December. They were wrong. As they tried to power out of bankruptcy, they hit a brick wall – the United States Trustee who has filed a serious objection to their motion to exit bankruptcy.

Now what? See what the U.S. Trustee objects to in Gibson’s plans… [Read more…] about Gibson’s Speedy Bankruptcy Exit Hits a Big Roadblock

Filed Under: Brands, Financial, Manufacturers, News, Strategy Tagged With: bankruptcy, Gibson, Gibson Brands, Gibson Guitar, Henry Juszkiewicz, KKR

International Sales Manager Appointed at MSE Audio

December 12, 2018 by Ted Leave a Comment

MSE logoOverland Park, KS-based MSE Audio, parent company of Phase Tech, Rockustics, Induction Dynamics, dArts Theater, and more, announced the appointment of James McManus as its new International Sales Director. This new appointment takes effect immediately.

See more on this role at MSE Audio… [Read more…] about International Sales Manager Appointed at MSE Audio

Filed Under: Brands, Manufacturers, News, People, Sales Tagged With: international, James McManus, MSE Audio

Monster Sales Declines & Losses Continue

November 29, 2018 by Ted 2 Comments

Sales Drop 30% But Losses Narrow in Recent Fiscal Quarter Report

Monster logoMonster Products Inc. (formerly Monster Cable) filed their latest quarterly results with the SEC showing that sales for their fiscal quarter ending June 30, 2018 declined to $9.1 million or 30.3% below the $13.1 million booked in the same quarter a year earlier. However, thanks to aggressive cost cutting, the company’s net loss narrowed to ($6.9 million) in the quarter as compared to a net loss of ($7.3 million) in the same period last year.

Monster’s declines continue, although at a slowing pace… [Read more…] about Monster Sales Declines & Losses Continue

Filed Under: Brands, Financial, News, Strategy Tagged With: Monster, Monster Cable, Monster Products, Noel Lee

Tivoli Partners Learn of a Buyout – 1 Year Later

November 8, 2018 by Ted 1 Comment

Tivoli logoWhen we last left Tivoli, the company created many years ago by Tom DeVesto who is now the CEO of Como Audio, it was 2015 and they had just been sold by one private equity company, with the help of another private equity company, to a third private equity company. Now word comes that the third private equity company, Serruya Private Equity of Toronto, which Strata-gee wrote about in June 2015, has sold Tivoli in a buyout to the company’s management in conjunction with a financial backer.

See more on the continuing Tivoli saga… [Read more…] about Tivoli Partners Learn of a Buyout – 1 Year Later

Filed Under: Asian Connection, Brands, Financial, Management, News, Strategy Tagged With: Como Audio, Paul De Pasquale, Tivoli, Tivoli Audio, Tom DeVesto

Emerald Expositions CEO Resigns, Q3 Results Released

November 8, 2018 by Ted Leave a Comment

For Owner of CEDIA Expo, There’s Trouble in Emerald City

Emerald Expositions logoEmerald Expositions’ stock nose-dived 19% in early afternoon trading last Thursday as the company released its third quarter fiscal results and announced that David Loechner has resigned as the company’s President and CEO. Current CFO Philip Evans takes over as Interim President and CEO.

What’s going on at Emerald Expositions?… [Read more…] about Emerald Expositions CEO Resigns, Q3 Results Released

Filed Under: Brands, Financial, Industry Trends, Management, Marketing, News, Promotions, Shows & Events, Strategy Tagged With: CE Pro, CEDIA, CEDIA Expo, David Loechner, Emerald, Emerald Expositions, Emerald Expositions Events, Expo, Philip Evans

Thiel Audio Files Bankruptcy in Bitter Coda to a Sad Song

October 31, 2018 by Ted 5 Comments

Although owned by an agribusiness tycoon who is rumored to be extremely wealthy, Thiel Audio Products Company last Tuesday declared bankruptcy. The company filed papers with the U.S. Bankruptcy Court saying it had assets of around $900,000 and liabilities of over $1,800,000. The filing was a bitter end to a sad series of developments over the last six years, with new owner David B. Griffin changing management teams at least five times in one five-year period. The result was a constant, if slow, slide down the slippery slope of ruin.

See what is learned from Thiel Audio’s bankruptcy filing… [Read more…] about Thiel Audio Files Bankruptcy in Bitter Coda to a Sad Song

Filed Under: Brands, Financial, Manufacturers, News, Pivot Point

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Ted Green Bio

A former dealer, manufacturer, distributor & more. Focusing on business strategy, my goal is to help you make better decisions for greater success.

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