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Financial

Melrose Suspends Dividends, Cuts Executive Pay

April 9, 2020 by Ted Leave a Comment

Parent of Many Top CI Brands Steps in to Adjust for Impact of COVID-19

Melrose logo

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 of the global spread of Coronavirus (COVID-19). Melrose, the U.K. turnaround specialist that is parent company of the U.S. based Nortek has taken other actions to adjust operations at its operating companies in the face of COVID-19.

Learn more about Melrose’s actions to adjust to COVID-19…

[Read more…] about Melrose Suspends Dividends, Cuts Executive Pay

Filed Under: Financial, Manufacturers, News, Strategy Tagged With: 2GIG, Elan, Furman, GKN, GoControl, Linear, Melrose, Melrose Industries, Melrose Industries PLC, Melrose PLC, Niles, Nortek, Panamax, SpeakerCraft, Sunfire, Xantech

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

April 8, 2020 by Ted Leave a Comment

'Thank goodness for technology' says country music star Miranda Lambert

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 in which we find ourselves means that almost all businesses (except for a few essential services) are closed – and millions of Americans are stuck at home with little or nothing to do. But what role does their technology play in this situation?

Thanks to Technology, we can all be connected…

[Read more…] about Stuck in COVID-19 Isolation? Country Music Star Says ‘Thank Goodness for Technology’

Filed Under: Economic Trends, Financial, Industry Trends, News, Technology Tagged With: Coronavirus, COVID-19, Miranda Lambert

Economic Data Deteriorates Rapidly in March

April 2, 2020 by Ted Leave a Comment

Economic data declines, unemployment claims up
Business Change of job, unemployment, resigned concept.

Unemployment Claims Jump to 6.6M; Mortgage Applications Plunged 24%

We are now beginning to see a rapid deterioration in economic data in the wake of the impact of the Coronavirus COVID-19 epidemic sweeping the country. Stunning new numbers are dropping at a rate never seen before and suggest we may yet have a long road to recovery. Unemployment claims skyrocketed to 6.6 million new jobless claims at the end of the month, and mortgage applications plunged 24% in March year-over-year.

See more on rapidly descending data…

[Read more…] about Economic Data Deteriorates Rapidly in March

Filed Under: Economic Trends, Financial Tagged With: housing, unemployment

As Overall Economy Hit by COVID-19, Layoffs Hit Tech as Well

April 2, 2020 by Ted Leave a Comment

AudioQuest Announces Downsizing

AudioQuest logo

A relatively large number of readers and industry sources have reached out to Strata-gee with word of cutbacks and layoffs at various industry brands – as the impact of coronavirus (COVID-19) takes its toll on the U.S. economy. As was reported in a post just a few days ago, jobless claims jumped dramatically – by 33% in just one month – only to be exceeded a few days later by a massive jump in claims of 3 million more unemployed workers.

Now we are beginning to see layoffs in Tech…

[Read more…] about As Overall Economy Hit by COVID-19, Layoffs Hit Tech as Well

Filed Under: Brands, Financial, Industry Trends, Management, Manufacturers, News, People, Pivot Point Tagged With: AudioQuest, Coronavirus, COVID-19, layoffs, recession

With Recession Certain, What To Do Now

March 25, 2020 by Ted 1 Comment

8 Steps to Recession-Proof Your Business

Most economists have come to the conclusion that a recession is imminent – if not already here – as the drive to stamp out the novel coronavirus (COVID-19) has businesses being shut down and employees sent home. Many of these employees are either being officially laid off, or effectively laid off if they are hourly workers. Unemployment claims have already jumped and based on estimates from people way smarter than me – are going to go way higher soon. So now what do we do?

See logical next steps in a recession…

[Read more…] about With Recession Certain, What To Do Now

Filed Under: Economic Trends, Financial Tagged With: Coronavirus, COVID-19, recession

Emerald Cancels All Trade Shows & Events for First Six Months of 2020

March 22, 2020 by Ted Leave a Comment

Status of CEDIA Expo Remains in Doubt

From Emerald Expositions website

Emerald Holding Inc. (NYSE: EEX), formerly known as Emerald Expositions Events Inc. – a national exposition company that is home to both the CEDIA Expo and CE Pro magazine – has announced that they are postponing all events for the first two quarters of 2020 due to the rapid spread of the global pandemic Coronavirus (COVID-19). Given their position as one of the largest producers of B-to-B trade shows in the U.S., this is a major development with huge impact on the various industries their shows serve.

Learn more on this major Emerald move…

[Read more…] about Emerald Cancels All Trade Shows & Events for First Six Months of 2020

Filed Under: Associations, Financial, Marketing, Media, News, Shows & Events Tagged With: CEDIA Expo, Emerald, Emerald Expositions, Emerald Expositions Events, Emerald Holding Inc., trade shows

Audio Design Associates Location in Yonkers is Closed

March 5, 2020 by Ted Leave a Comment

Audio Design Associates Yonkers location exterior front door

When last we heard from Audio Design Associates just this past December, the company had put out a statement to industry media that a company shutdown was likely imminent. This was shocking news from a company with a long and venerable history as both an integrator and a well-respected manufacturer of custom integration gear.

Now, we learn from a Strata-gee reader that Audio Design Associates has apparently closed their location in Yonkers, NY …

See more on the status of Audio Design Associates’ Yonkers location…

[Read more…] about Audio Design Associates Location in Yonkers is Closed

Filed Under: Brands, Financial, Manufacturers, News Tagged With: ADA, Audio Design Associates, Richard Stoerger

B&W Letter to Dealers Confirms Gideon Yu and Greg Lee Leave the Board; Questions Remain

March 5, 2020 by Ted Leave a Comment

High performance loudspeaker manufacturer Bowers and Wilkins (B&W) sent a letter to their dealers last week addressing issues that have arisen recently, especially as they pertain to the management of the company. As is often the case with this company, the letter answered some questions…but raised others.

See more on B&W’s dealer letter…

[Read more…] about B&W Letter to Dealers Confirms Gideon Yu and Greg Lee Leave the Board; Questions Remain

Filed Under: Financial, Management, Manufacturers, News, People Tagged With: B&W, Bowers & Wilkins, Bowers and Wilkins, Geoff Edwards, Gideon Yu, Greg Lee, James Krakowski

Stock Market is Slumping; But Emerald Expositions Stock is Crashing

March 4, 2020 by Ted Leave a Comment

*By now you’ve likely heard about the massive sell-off on Wall Street over the last week or two that is largely a reaction to the spreading coronavirus pandemic and its potential impact on markets. Although not a new situation, coronavirus (now known as COVID-19) has spread around the world and is now making its way into the United States – potentially putting U.S. markets and companies like Emerald Expositions in jeopardy.

But while most public companies have seen their stock values drop during this market decline, Emerald Expositions has seen the market value of their stock decline at a much greater clip… What’s going on?

Why is Emerald’s stock value crashing?…

[Read more…] about Stock Market is Slumping; But Emerald Expositions Stock is Crashing

Filed Under: Financial, News, Shows & Events Tagged With: Emerald, Emerald Expositions, Emerald Expositions Events, Wall Street

Breakdown at B&W; Industry Buzz Reaches Fever Pitch

February 26, 2020 by Ted 7 Comments

Maybe you’ve heard the buzz about a major shake-up taking place at B&W. Reports out of the U.K. say that Gideon Yu, Greg Lee, David Liu and others have all stepped down from the Board of Directors. There is a link being passed around to a web page for the “Companies House,” which is a government-connected registrar of companies and corporations. The link goes to a page which indicates that several B&W executives and directors have “resigned” their positions. So just what is going on?

What I Know So Far About Changes at B&W…

[Read more…] about Breakdown at B&W; Industry Buzz Reaches Fever Pitch

Filed Under: Financial, Management, Manufacturers, News Tagged With: B&W, Bowers & Wilkins, Bowers and Wilkins, David Liu, Formation, Formation Group, Gideon Yu, Greg Lee

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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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