Strategy in TECH...
Sound United announced today that it has closed on its acquisition of Bowers & Wilkins (B&W), as expected. With this deal, B&W is rejoined with Classé – a high-end electronics manufacturer that itself was once part of B&W but then was acquired by Sound United back in Jaunuary 2018.
Bloomberg News reported late on Monday that Apple is dropping Sonos [NASDAQ: SONO] and other non-Apple branded products from their stores. The news of Sonos losing such a major customer caused their stock to derail in after hours trading, down almost 7% in value at one point. On Tuesday, Sonos stock price closed down 3.2% as Wall Street digested the news.
URC and Somfy announced last week that they have come together in “a new phase of collaboration in smart home automation.” Building on the established strengths of the partners, both URC and Somfy end users will benefit from a seamless integration of Somfy products with URC control solutions.
Emerald Expositions announced today that CEDIA Expo Virtual drew 7,600 trade professional registrations for their three day run from September 15-17, 2020. Although this figure is less than half the attendance at the live, in-person version, Emerald considers it a great success as an all-virtual event.
VOXX International Corporation (NASDAQ:VOXX) revealed this week that they were the victim of a ransomware attack in July and that an assessment of the hack completed early this month shows that sensitive and confidential employee and contractor information has been compromised. The company has issued a warning to all employees and contractors who have worked for the company over the last 20-years.
As previously reported by Strata-gee, the Crestron NEXT event of two weeks ago was a remarkable accomplishment for one company to pull off. With a full two-day agenda – Crestron NEXT offered lots of great content, such as its perspective on the tech business today, seminars on their key current tech products, and more importantly, advice on where things are going tomorrow.
Probably one of my favorite presentations was actually the closing presentation – where Ranjan Singh, Crestron’s Executive VP of Product and Technology summed up the key points of the last two days…and more importantly…offered some details on trends to watch today that will drive the future in a presentation titled “Future Innovations, Next & Beyond.” This is the kind of smart insight that most integrators never get to hear.
Event season is upon us, as evidenced by the two major events that took place last week – CEDIA Expo Virtual 2020 and Crestron NEXT. This year, thanks to COVID-19, these normally in-person events took place in the digital domain as virtual events. And the next big show that integrators are going to want to watch for – which will also be a virtual event – is the upcoming Snap Pro Live being produced by industry powerhouse SnapAV.
I don’t know about you, but at this point in our pandemic-impacted new normal, I’m getting a little Zoomed out. Do you know what I mean? So when I learned that there would be two big virtual events in one week (CEDIA Expo Virtual and Crestron NEXT), it didn’t exactly extract a big WOO-HOO from me.
So how do virtual event promoters rise above the morass of brain-addled ambivalence from the many industry denizens overloaded by Zoom meetings? They deliver truly motivating content that shakes the attendees out of their Zoom-induced comas. I’m pleased to report that Crestron NEXT has delivered on the promise of offering truly interesting and impactful content for integrators, at their first ever online, virtual integrator conference.
According to a new report out of Japan last week, analysts say that Sony’s business is shifting towards more services and events – and away from the electronics business, the division that built the company. For decades, the brand Sony was practically synonymous with electronics…but that identity may be shifting as growth in other company divisions surpass electronics.
Of all the success stories of the ‘70s high end audio boom, none was more unlikely than that of Audio Research Corporation (ARC). Based in Minnesota’s Twin Cities, historically a fly-over region for hi-fi, led by a balding, bearlike founder, and offering electronics based around vacuum tubes – considered obsolete for a decade – ARC somehow survived and thrived.
