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Brands

Nortek Management Scrambles in Wake of Troubling Q2 Results

August 6, 2015 by Ted Leave a Comment

Company Loses Almost 6% of Total Market Value in Just a Few Hours

Nortek 2015 Q2 PresentationNortek, Inc. released the results for its fiscal second quarter after the market’s close on Monday and took the unusual step of issuing optimistic performance guidance for the remainder of the year. The company does not typically release future performance guidance as a matter of policy, but did so in an apparent attempt to calm investor reaction to their troubling report. It didn’t work – investors reacted strongly on Tuesday by driving Nortek’s stock to a close of $75.23 per share, down sharply from the previous close of $79.88. In just a matter of hours, the total market value of Nortek collapsed almost 6%.

Why did investors react so strongly?… [Read more…] about Nortek Management Scrambles in Wake of Troubling Q2 Results

Filed Under: Brands, Financial, Management, Manufacturers, News, Pivot Point Tagged With: AVC, BlueBOLT, Core Brands, Elan, Furman, KORUS, Niles, Nortek, Nortek Inc., Panamax, Proficient, SpeakerCraft, Xantech

A Bad Day at the Office for Apple: Stock Goes Cold, Investigation Gets Hot

July 23, 2015 by Ted Leave a Comment

Photo of Tim Cook at product launch.Apple, Inc. released the financial results of their fiscal third quarter Tuesday and by most measures, it was good news. Revenues hit $49.6 billion with net profits coming in at a robust $10.7 billion. These results were well over the $37.4 billion and $7.7 billion respectively booked in the same quarter last year. Unit sales of iPhones grew a remarkable 35%, with iPhone revenues increasing 59% to a new quarterly record; sales in China more than doubled; service revenues hit a new record; and cash reserves are at an astounding $203 billion.

How did Wall Street react to all of this “good” news? The stock tanked. At one point Apple’s market value collapsed $60 billion as the stock dropped 7% in just a matter of minutes after the announcement. Yesterday, the stock closed down 5.2%.

See why this is happening…and why government investigators are in high gear… [Read more…] about A Bad Day at the Office for Apple: Stock Goes Cold, Investigation Gets Hot

Filed Under: Brands, Law, News, Strategy Tagged With: Apple, Apple Music, streaming

Bluesound to Offer iHeartRadio Streaming Internet Radio

July 23, 2015 by Ted Leave a Comment

iHeartRadio logoBluesound, a line of high performance wireless multi-room music components offered by specialty supplier Lenbrook America, announced this week that it has added iHeartRadio to the list of streaming services its line offers. iHeartRadio, one of the more popular Internet radio solutions, joins a growing list of cloud-based music services offered by the industry’s first high performance wireless multi-room system.

See more about this announcement from Bluesound… [Read more…] about Bluesound to Offer iHeartRadio Streaming Internet Radio

Filed Under: Brands, Manufacturers, News, Specialty, Tech Trends Tagged With: Bluesound, iHeartRadio, John Banks, Lenbrook America, Michele Laven

Toshiba’s Troubles Hit Tipping Point

July 16, 2015 by Ted Leave a Comment

BREAKING NEWS

Reports Say CEO is Out; Board of Directors Faces Massive Overhaul

Toshiba logoWhen Japan Prime Minister Shinzo Abe announced an initiative to tighten up corporate oversight he couldn’t possibly have known that his administration’s first catch might be his biggest – Toshiba Corp. Toshiba, one of the largest and most respected companies in Japan, is being investigated for what many sources are calling one of Japan’s worst accounting scandals.

See what is coming for this titan of Japanese industry… [Read more…] about Toshiba’s Troubles Hit Tipping Point

Filed Under: Asian Connection, Brands, Financial, Management, Manufacturers, News, Pivot Point Tagged With: Fukushima, nuclear, Olympus, Toshiba

SpringDeck Appoints Staub Electronics as Rep for Canada

July 9, 2015 by Ted Leave a Comment

SpringDeck logo

SpringDeck announced today that it has appointed Staub Electronics as its representative for the Canadian market. Staub is both a sales representative firm and a specialty distributor and covers the entirety of Canada in both the custom integration and mobile electronics markets.

Learn more about SpringDeck and Staub Electronics…

[Read more…] about SpringDeck Appoints Staub Electronics as Rep for Canada

Filed Under: Brands, Industry Trends, News Tagged With: Ryan Sullivan, SpringDeck, Staub Electronics

Apple Watch Sales Drop 90% Since Intro

July 9, 2015 by Ted Leave a Comment

Photo of Apple Watch
Photo: REUTERS/Robert Galbraith

It is not unusual for a hot new product to launch with huge demand, only to see unit sales taper down to more sustainable levels after the initial launch demand is fulfilled. Surely, Apple, Inc. was expecting just this type of behavior after the launch of their long-awaited Apple Watch wearable. However, new data from Slice Intelligence shows that sales of the Apple Watch have plummeted by 90% – an amount well beyond Apple’s typical experience.

See more on this surprising sales curve for this new Apple product… [Read more…] about Apple Watch Sales Drop 90% Since Intro

Filed Under: Brands, Manufacturers, News, Pivot Point, Sales, Tech Trends Tagged With: Apple, Apple Watch, smartwatch

TiO Gets Down to Business; Launches ‘Grow Your Business Tour’

July 8, 2015 by Ted 1 Comment

TiO logoThe folks at Anuva Automation, maker of the TiO wireless home automation solution, are getting their act together and taking it on the road – launching what they call the “Grow Your Business Tour” for dealers around the country. Kicking off today at the Anuva Innovations center in Raleigh-Durham, NC, the GYB Tour will hit 10 major markets between now and September 23rd.

See the schedule & more on this significant dealer expo and training event… [Read more…] about TiO Gets Down to Business; Launches ‘Grow Your Business Tour’

Filed Under: Brands, Manufacturers, News, Promotions, Shows & Events Tagged With: Anuva Automation, home automation, Mike Anderson, TiO, wireless

Is It You? The 25 Highest Rated CEOs in America

July 7, 2015 by Ted Leave a Comment

Image from Glassdoor websiteAs Rated by Their Employees

Glassdoor, the online jobs and careers site, released last month their latest annual Highest-Rated CEOs rankings based on votes by employees. Not only is the ranking based on employee votes – this is the only criterion used for the ranking. Employees are allowed to vote anonymously through the Glassdoor website and the voting process is held open for an entire year.

Who tops the list? Is tech represented? See the results below… [Read more…] about Is It You? The 25 Highest Rated CEOs in America

Filed Under: Brands, News, Survey Tagged With: CEO, Glassdoor

Origin Acoustics, Facing Its 1st Birthday, is Big For Its Age

July 2, 2015 by Ted Leave a Comment

Photo of a man on a childs bike“It’s been tremendous,” declared Origin CEO Jeremy Burkhardt with his typical over-the-top enthusiasm, when asked how his nearly one-year old company is doing since its launch at the 2014 CEDIA Expo. “I’ve been on the road for 3-weeks a month for the last 12-months.” And apparently, from what Burkhardt tells us, loving every single minute of it.

See more on Origin on the eve of its first birthday… [Read more…] about Origin Acoustics, Facing Its 1st Birthday, is Big For Its Age

Filed Under: Brands, Management, Marketing, News, Pivot Point, Strategy Tagged With: Dave Donald, Jeremy Burkhardt, Origin

Dave Donald Leaves Origin; Takes Position at Kaleidescape

July 2, 2015 by Ted 1 Comment

BREAKING NEWS

Origin Acoustics logoWell-known industry executive Dave Donald has left Origin Acoustics where he was Vice President of Marketing to take a position at media center manufacturer Kaleidescape. Donald left Origin approximately two weeks ago and oddly, neither company has offered any type of official announcement. We first heard about this situation from multiple sources and confirmed it with both Origin and Mr. Donald.

See more on this somewhat surprising announcement… [Read more…] about Dave Donald Leaves Origin; Takes Position at Kaleidescape

Filed Under: Brands, Management, Marketing, News, Pivot Point Tagged With: Dave Donald, Jeremy Burkhardt, Kaleidescape, Origin

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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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