Massive $6.3 Billion Writedown is Tanking Toshiba, Could It Collapse?

Toshiba Corp. announced yesterday that it will take a $6.3 billion writedown to account for the meltdown of its nuclear division. This amount of writedown is much higher than the markets had anticipated, forcing Toshiba into crisis mode having to … Continue reading

Film Flops Force Sony to Take $1Billion Writedown

Sony Corps’ struggling film division, which hasn’t seen a major hit movie in a long while, has finally forced the company to take a writedown against third quarter earnings of a substantial $1 billion. The difficult decision was necessary to … Continue reading

Sprint Throws a Life Preserver to Drowning Tidal

Cash Infusion Buys Time for Struggling Service Tidal, the musician-owned music streaming service put together by rapper Jay Z, announced this week that it has sold a third of the company to telecom giant Sprint. Although the original announcement did … Continue reading

Samsung Chairman Named as Suspect by Prosecutors in Political Probe

After a tough 2016, Samsung was likely looking for a little relief in 2017. They’ll have to keep looking because, as the old saying goes, “When it rains, it pours.” Reuters is reporting that prosecutors in South Korea have summoned … Continue reading

Technology Integrator Prints Its Last Magazine

Calling 2016 “a year of transition,” NAPCO Media announced yesterday that it has printed its last Technology Integrator (TI) magazine – deciding to withdraw from print media and reinvent itself into an online-only property. The move has been rumored for weeks, … Continue reading

Not Again! Another Big, Bad Surprise from Toshiba

Loses Almost a Third of Its Total Market Value in 2 Days Toshiba Corps. stock price plunged 30% this week as the company announced it is facing the prospect of booking a potentially multi-billion dollar writedown related to an acquisition made … Continue reading

iRule & OnControls Acquired by Kramer Electronics

iRule’s CEO Ben-Gal Talks to Strata-gee About Acquisition Kramer Electronics, a maker of hardware-centric control solutions for the commercial audio/visual market, has acquired Detroit, MI-based iRule, a fast rising provider of software-based home control and automation solutions – including their … Continue reading

Core Brands Moved Under Control of Nortek’s SCS Group

In a reorganization at Nortek, Core Brands, previously a freestanding, underperforming segment of the company, has been moved under the control of Nortek’s Security and Control Solutions Group, it was announced internally this week. With this change, Core Brands President … Continue reading

SnapAV Continues Buying Spree, Acquires Autonomic

‘If You Can Solve a Problem, You Can Sell Some Stuff’ SnapAV announced Wednesday that it has acquired Autonomic, a leading music server solutions provider. This is SnapAV’s latest in a string of acquisitions, as the company continues to seek … Continue reading