Strategy in TECH...
Audio Advice, a prominent smart home retailer and custom integrator based in Raleigh, North Carolina, announced today that it has acquired Sound Components, another well-known AV integrator based in Miami, Florida. This move joins two well-respected and popular integration industry players into one large multi-market integration business.
This week, ADI Global Distribution, currently part of Resideo Technologies but soon to be split off as an independent company, has sent an email message to Control4 dealers reassuring them that nothing is going to change when the company goes independent from Resideo. The email to dealers, which has been viewed by Strata-gee, reassured dealers that ADI’s commitment to Contro4 is stronger than ever.
But, is it?
In a surprising new survey of 141 of the Fortune Global 500 Chief Executive Officers, the leaders of some of the largest companies in the world, we learn that they are losing confidence in the U.S. economy. The survey, conducted by The Conference Board, a nonpartisan think tank, and The Business Council, an association of CEOs, showed a significant decline in CEO confidence in the second quarter of 2026 as compared to the first quarter.
How CEOs feel about the economy is important. When CEOs lose confidence, they tend to pull back on hiring and investment, further weighing down the economy, according to AXIOS reporter Emily Peck.
Resideo Technologies, Inc. (NYSE: REZI), predominantly a security and safety products company with two major divisions, including Products and Solutions (manufacturing) and ADI (distribution), announced the financial results for its first quarter of fiscal 2026 this week. The company reported that revenues beat previously forecasted guidance, and adjusted earnings grew as well.
And yet the market reacted strongly, with the value of Resideo’s stock crashing almost 18% on the day after it released its results. Read on to see why the stock declined.
Emerald Holding, Inc. (NYSE: EEX), a major consolidator of trade shows and business conferences in multiple industries, including owner of the CEDIA Expo and CEPro/Commercial Integrator/Security Sales & Integration, has agreed to be acquired by Apollo Global Management, one of the largest private equity companies in the world that specializes in “alternative assets.” In the same announcement, we learned that Apollo is also acquiring another event consolidation company known as Questex, as part of the same transaction, and which Apollo intends to merge with Emerald.
The deal, in which Apollo will pay $5.03 per share, is said to be valued at approximately $1.5 billion. The transaction is expected to close in the back half of 2026 and will create one of the largest trade show and conference event consolidators in the U.S.
Samsung Electronics just reported an incredible operating profit for the first quarter of fiscal 2026 that surged a much-stronger-than-expected 755% year-over-year. Even so, the company felt compelled to warn investors that the conflict in the Middle East is clouding the view of the future.
On Tuesday, we learned that Sony Pictures Entertainment (SPE) is laying off hundreds of employees from its film studio, TV studios, and division HQ, according to a report in the Hollywood Reporter (HR). The reason behind the company’s move is said to be an effort by CEO Ravi Ahuja to refocus the company on “certain core growth areas, while pulling back in other places.”
In a huge deal between two power tech players – Japan’s Sony Corporation and China’s TCL Electronics Holding Limited – TCL is set to become the majority owner of Bravia, Inc., a new holding company that will consist of Sony’s TV and audio business units. It is a deal that may ripple through the industry, as other brands may seek to mimic Sony’s move to jettison its hardware properties in order to transform themselves into a more profitable software, content, and services company.
The Reuters News Agency is reporting that Meta, the company formerly known as Facebook, is preparing plans to lay off as much as 20% – “or more” – of the entire company. These plans are being made at the same time that the company has said it is preparing to spend at least $600 billion on data centers by 2028 to facilitate its growing artificial intelligence (AI) business.
In a move that has some of Strata-gee’s sources perplexed and scratching their heads, high-end commercial and pro video projector and display manufacturer Barco (Euronext: BAR) announced this week that it has reached an agreement in principle to acquire VerVent Audio Holding (“VerVent” and “Vervent”). VerVent itself was created by the merger of French loudspeaker maker Focal and British high-performance audio electronics manufacturer NAIM some years ago.
