And BAM! Just Like That, Savant Acquires GE Lighting to Become a Major Lighting Supplier

WSJ Says Deal Valued at Around $250M On Wednesday, we learned that Savant Systems Inc. (Savant), has acquired the lighting business from none other than the mighty GE. Terms of the transaction were not released, but the Wall Street Journal … Continue reading

Epidemic Engulfs Emerald Expositions; Reports Massive Q1 Loss of $570.1M

CFO Admits Company Looking at Possibility of No More Shows in 2020 – and Fewer in 2021 Emerald Holding Inc., formerly Emerald Expositions Events, Inc. (NYSE:EEX), has released their fiscal 2020 first quarter results and the organization makes no bones … Continue reading

Sonos Hits Sour Note – Fiscal Q2 Sales Drop 17%, Losses Hit $52.3 Million

CEO Says Direct-to-Consumer Sales Were Big, Launching Three New Models Sonos Inc. announced Wednesday the results of their fiscal second quarter, a quarter that CEO Patrick Spence called “challenging.” The company saw a double-digit sales decline of 17% to $175.1 … Continue reading

Strata-gee’s COVID-19 Impact on Tech II Survey: What a Difference a Month Makes!

Now completed, Strata-gee’s COVID-19 Impact on Tech II Survey is a follow-up study to Strata-gee’s original survey, COVID-19 Impact on Tech. If you haven’t read those original results yet, I would suggest you start there by clicking on this link … Continue reading

Tighten Your Harness, The Rocket Ship U.S. Economy is Coming Down Hard

You knew it was coming, but we just couldn’t see it until statistical data caught up with the rapidly changing U.S. economy. But now, we are getting a snapshot of these changes and they are breathtaking…and a little scary. Hold … Continue reading

Fear Factor: Consumers’ Fear Suggests a Slow Recovery from Recession

[Photo: Juan Arredondo, New York Times] COVID-19 Recession: Will Rebound be a V…U…or W? The Coronavirus pandemic has hit America big time. With a head-spinning swiftness, the epidemic swept across the country with ruthless efficiency – first impacting densely populated … Continue reading

Melrose Suspends Dividends, Cuts Executive Pay

Parent of Many Top CI Brands Steps in to Adjust for Impact of COVID-19 Melrose Industries PLC has announced it will suspend the payment of its usual year-end dividend in the face of the deteriorating economic environment as a result … Continue reading

Stuck in COVID-19 Isolation? Country Music Star Says ‘Thank Goodness for Technology’

An astonishing 283 million Americans are stuck in some form of self-isolation or self-quarantine due to the fact that most states and cities have imposed a “Stay-at-Home” rule in the fight to snuff out the COVID-19 pandemic. This new reality … Continue reading