This story is being written on Halloween – hence, the “monsters” in the headline. On Thursday, Control4 released the financial results for their fiscal third quarter and held a conference call for analysts and investors. The numbers all looked good and the management team rightly crowed about their prowess. But during the Q&A session tough questions emerged…
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Ingram Micro’s Q3 Financials Show Sales Up; Profits Down
Ingram Micro, Inc. released the financial results for their fiscal third quarter (the period ending Sept. 27, 2014) showing generally positive results. Sales for the quarter increased to $11.2 billion, a $1 billion or 11% increase over the $10.2 billion for the same period last year. According to Ingram Micro CEO Alain Monié, the increase was due primarily to “new wins” and “strong market share.”
But while gross profits were up, gross margins, operating income, and net income were all down for the period…and that fact led us to take a closer look.
See our report below on the financial results for Ingram Micro… [Read more…] about Ingram Micro’s Q3 Financials Show Sales Up; Profits Down
You Knew It Was Dying, But LG Makes It Official – Plasma is Dead
Yesterday in South Korea, LG Electronics made formal what we all knew was coming – they are ending production of all plasma display panel products. Even though we knew it was coming, somehow…it still hurts. We’ve had many an engineer tell us the plasma was the most accurate picture available – many saying they own it themselves. Certainly, they are sure to be ruing this day.
See more on this dramatic – and somewhat sad – announcement from LG… [Read more…] about You Knew It Was Dying, But LG Makes It Official – Plasma is Dead
In First Step of Transformation, Thiel Terminates Reps
In a notice emailed to dealers last Thursday sporting a spiffy new corporate logo, Thiel took what appears to be the first step in what is promised to be a stream of “regular communications from us” regarding the company’s transformation from a legendary audiophile loudspeaker brand to a…well to what, we just don’t know yet. But what we do know is that the company has begun this transformation by terminating its entire national independent sales representative sales force.
See what Thiel told dealers was the reason for terminating their local sales rep…
[Read more…] about In First Step of Transformation, Thiel Terminates Reps
D+M Group Issues Response to Sonos Lawsuit
BREAKING NEWS
Earlier today, we reported that wireless music system powerhouse Sonos had filed a lawsuit against Denon in regards to its HEOS line of wireless music systems. The lawsuit alleged, among other things, infringement on four of their patents and asked the court for an injunction to stop HEOS products from being sold.
Today, we received a statement from D+M Group, the parent of Denon, in response to this lawsuit.
See the D+M Group’s statement on the Sonos lawsuit… [Read more…] about D+M Group Issues Response to Sonos Lawsuit
D-Tools & Spring Deck Announce Strategic Partnership
D-Tools, Inc., one of the industry’s largest proposal generation software companies, and Spring Deck, LLC, a new and rapidly growing app-based sales presentation software company, have joined forces to offer a virtual end-to-end sales and proposal solution for the custom integration industry. The two companies plan to integrate their respective software platforms, offering integrators a streamlined solution that will facilitate everything from the initial sales presentation to an efficiently created proposal to final installation illustrations and materials.
See more about this partnership offering an all-new unique solution…
[Read more…] about D-Tools & Spring Deck Announce Strategic Partnership
Sonos Sues to Halt HEOS
Congratulations Denon, your new HEOS system is so successful that wireless music monster Sonos has taken notice…and filed a lawsuit to stop it. It has been a open secret since we first learned of HEOS this past June that HEOS is meant to attack the same wireless music player market that Sonos essentially invented. Many have tried to take on Sonos…but none have come close to replicating the features and performance Sonos introduced to consumers. Until HEOS…
See more on this development. Will Denon fight? Or license?… [Read more…] about Sonos Sues to Halt HEOS
U.S. Smart Home Supplier Icontrol Launches Venture in Japan
Icontrol Networks, Inc. has partnered with Japan’s Tokyu Corp. to launch state-of-the-art smart-home solutions in Japan first, and then later into the greater Southeast Asia market. The deal provides for Tokyu’s cable television division, Its Communications, to offer Icontrol’s Touchstone solution throughout Asia to their cable customers.
See more on this major initiative to bring smart-home technology to Japan… [Read more…] about U.S. Smart Home Supplier Icontrol Launches Venture in Japan
Amazon’s Mysterious Lab126 – Poised to Take Over Home Automation?
Online retail behemoth Amazon.com, Inc. has always been pretty secretive about their internal projects and initiatives. Especially so about their Lab126 hardware design division, the group responsible for the popular Kindle e-book reader…and the not-so-popular Fire phone. But a report by Reuters at the end of last month blew the tent cover back enough to get a glimpse of just what this secret lab is working on now – and home automation appears to be in their sights.
See more on Amazon’s Lab126 and what it may mean for home automation… [Read more…] about Amazon’s Mysterious Lab126 – Poised to Take Over Home Automation?
ProSource Scores Deal with Leon Speakers
ProSource, a division of BrandSource and the self-proclaimed largest buying group of AV integrators, announced this week that it has added Ann Arbor, Michigan-based Leon Speakers to its vendor roster. Proclaiming the addition “an honor,” group co-President Jim Ristow says Leon brings “incredible design and top-notch audio quality” to the group.
