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Financial

Gibson Begins Leadership Makeover w/New CFO

September 27, 2018 by Ted 1 Comment

Gibson's 2019 guitar lineupGibson Brands’ Chapter 11 bankruptcy proceedings have continued to incessantly march forward, the gritty work of a large scale matter such as this occurring mostly in the background. However, occasionally a major factor emerges to be picked up by the media. One thing the new owners of Gibson made a fundamental part of this initiative, was to change  the organization’s leadership.

This week, we learned that the company will soon emerge from bankruptcy with a new chief financial officer (CFO) – announcing the appointment of Kimberly Mattoon for the role.

See more on this Gibson news… [Read more…] about Gibson Begins Leadership Makeover w/New CFO

Filed Under: Financial, Management, Manufacturers, News, People, Strategy Tagged With: Gibson, Gibson Brands, Gibson Guitar, Henry Juszkiewicz, KKR

Onkyo Targets OEM Business to Beef Up Results

September 26, 2018 by Ted Leave a Comment

Onkyo logoOnkyo Corporation, parent of the Onkyo, Integra, and Pioneer AV brands, is expanding its OEM business unit to help build its business and offset losses it has experienced over the last five years, according to a report by the Nikkei in Japan. Investors are said to be skeptical of the move, but the company is targeting the automotive segment in India where they expect to see significant growth.

See more on this interesting move by Onkyo… [Read more…] about Onkyo Targets OEM Business to Beef Up Results

Filed Under: Asian Connection, Financial, Management, Manufacturers, News, Pivot Point, Strategy Tagged With: OEM, Onkyo

Showing Signs of Life, Krell Announces New COO

August 29, 2018 by Ted Leave a Comment

Krell logoKrell Industries LLC formally announced today it has hired Walter Schofield as its new Chief Operating Officer. Schofield is fairly well known in the audio community, in fact, Krell refers to him as an “industry veteran.”

See more on this new appointment… [Read more…] about Showing Signs of Life, Krell Announces New COO

Filed Under: Financial, Management, Manufacturers, People Tagged With: Krell, Rondi D'Agostino, Walter Schofield

The Top 3 Integration Trade Media Groups Were All Acquired in Last 12 Months

August 23, 2018 by Ted Leave a Comment

Trade media graphicJust What the Heck is Going On Here?

On Tuesday we learned that select properties of EH Media – owner of CEPro, Commercial Integrator, Security Sales & Integration, Campus Safety and others – had been acquired by Emerald Expositions (the new owner of the CEDIA Expo). Earlier this year, U.K.-based Future plc, a global media company, acquired U.S.-based NewBay Media – parent of Residential Systems, Sound & Video Contractor, AVTechnology and others. And almost exactly one year ago, IFA – producer of the largest consumer electronics trade show in the world (held in Europe) – “partnered” or acquired a significant stake in NAPCO Media’s consumer technology division – parent of Dealerscope, Technology Integrator, and Connected Design.

So that’s three of the top custom integration trade media companies all acquired within the last 12 months. What the heck is going on here?

It’s crazy days in the CI trade media world… [Read more…] about The Top 3 Integration Trade Media Groups Were All Acquired in Last 12 Months

Filed Under: Brands, Financial, Industry Trends, Management, Media, Strategy Tagged With: CE Pro, CEPro, EH Media, EH Publishing, Emerald Expositions, Future Plc, IFA, NAPCO Media, NewBay Meda, Residential Systems, Technology Integrator

Senators Call for Govt. Investigation of Smart TV Industry

July 18, 2018 by Ted Leave a Comment

Graphic of digital TVWith all that’s going on in the world of politics – or perhaps because of what’s going on in the world of politics – two senators are calling for an investigation of the Smart TV industry, citing concerns about a potential compromise of privacy for users of which they are unaware. This move is in response to news that emerged a few weeks back suggesting that Smart TV makers were tracking users viewing, unbeknownst to them.

What are Smart TV makers doing to get Congress riled up?… [Read more…] about Senators Call for Govt. Investigation of Smart TV Industry

Filed Under: Financial, Industry Trends, Management, Marketing, News, Research, Tech Trends Tagged With: Edward J. Markey, Philips, privacy, Richard Blumenthall, Sambo TV, Smart TV, Sony, TCL, Toshiba, Vizio, Westinghouse

Gibson, Protected from Creditors, Still Loses Money

July 6, 2018 by Ted Leave a Comment

News of Gibson’s $10M Monthly Loss Gives Some Pause

Photo of Gibson CES promoGibson Brands, Inc. declared bankruptcy on May 1, 2018, thereby placing themselves in Chapter 11 protection from creditors. Now under the guidance of bankruptcy court, the company buys itself time to put a plan together to present to the judge offering a path out of bankruptcy for the company. During this time, debts are frozen until the judge determines the final disposition – a disposition that typically includes some level of payment to debtors, both secured and unsecured.

So how is Gibson doing? According to a story by the Nashville Post, Gibson posted a loss of nearly $10 million in May – its first month under bankruptcy court protection from creditors.

See more on the bumpy bankruptcy road upon which Gibson finds itself… [Read more…] about Gibson, Protected from Creditors, Still Loses Money

Filed Under: Financial, Management, News, Strategy Tagged With: bankruptcy, Gibson, Gibson Brands, Gibson Guitar, Gibson Pro Audio, Henry Juszkiewicz

NY Times Tech Reporter: Cryptocurrency ‘Scams are Everywhere Online’

June 18, 2018 by Ted Leave a Comment

Cryptocurrency ATM machines
Cryptocurrency ATMs [Photo: icopulse]
Just days after Strata-gee published its skeptical assessment of the new ICO (Initial Coin Offering) of Monster Money cryptocurrency contemplated in a recent S-1 filing by Monster Products, Inc. – a new article appears in today’s New York Times (originally posted online last Friday) by tech columnist Farhad Manjoo proclaiming this about cryptocurrency, “Scams are everywhere online. Never let your guard down.”

We did NOT say that Monster Money was a scam in our article. We DID say that cryptocurrencies are risky, risky investments to be approached with caution. The prevalence of several large scams in the supposedly safe world of blockchain and cryptocurrencies serve as a stark reminder of this need for extreme caution when investing in something new.

See more on this cryptocurrency cautionary tale in today’s Times… [Read more…] about NY Times Tech Reporter: Cryptocurrency ‘Scams are Everywhere Online’

Filed Under: Brands, Financial, Manufacturers, News, Tech Trends Tagged With: blockchain, cryptocurrency, Farhad Manjoo, Monster Money

Is Monster Money a Massive Mistake?

June 13, 2018 by Ted Leave a Comment

Monster Money logoEarlier this month, news broke – erupted really – that Noel Lee and Monster Products had filed a Form S-1 with the U.S. Securities and Exchange Commission to launch an ICO or initial coin offering. Their plan is to mint a new cryptocurrency called Monster Money, with an initial authorization of 500,000,000 Monster Money Tokens, of which, 300,000,000 will be offered to investors at a dollar each. This move, which seems out of the blue, caused a lot of speculation as to just what is going on at Monster – is this desperation…chutzpah…or something even darker?

Initially, Strata-gee was just going to let this story pass by. However, so many readers reached out asking for our perspective on the story that it was impossible to ignore it any longer. See our take below…

Is Monster Money a major opportunity…or a massive mistake?…

[Read more…] about Is Monster Money a Massive Mistake?

Filed Under: Brands, Financial, Management, News, Strategy Tagged With: blockchain, cryptocurrency, MMNY, Monster, Monster Money, Monster Products, Mpnster, Noel Lee

Gibson Hits a Sour Note with Philips & Creditors

May 31, 2018 by Ted Leave a Comment

Photo of Gibson CES promoGibson, as Strata-gee previously reported, filed for bankruptcy protection on May 1st in a pre-negotiated package with principal noteholders of the company’s substantial debt – debt that was now in default. But while that deal suggested a smooth path for the case through the bankruptcy court, it did not take into account the position of unsecured creditors, and especially Philips who describes itself as the largest unsecured creditor in the matter.

See more on the discord in Gibson’s bankruptcy proceedings… [Read more…] about Gibson Hits a Sour Note with Philips & Creditors

Filed Under: Financial, Management, Manufacturers, News Tagged With: Gibson, Gibson Brands, Gibson Guitar, GSO Capital, Henry Juszkiewicz, Koninkijke Philips N.V., Philips, Tronical, Wurlitzer

9 Years After Recession, Americans Still Feel Frugal

May 18, 2018 by Ted Leave a Comment

Gallup logoMy grandparents lived through the Great Depression (1929-1939) and it changed their lives forever. As kids, we used to think they were weird. They never threw anything away. Bent nail? “I can hammer it straight again!” Small amount of left-over paint? “You can add thinner and turn it into plenty of white wash.” Hole in a sock? They would darn it! Clearly, dealing with that time of great financial distress changed forever the way they felt about money, spending, and saving.

Since the last recession in 2009, Gallup has been conducting a poll on Americans’ attitude on spending. Read on to see the results – they just might surprise you…

See the results of the latest Gallup poll showing American frugality continues… [Read more…] about 9 Years After Recession, Americans Still Feel Frugal

Filed Under: Consumer Trends, Financial, Research, Statistics Tagged With: consumer, consumer spending

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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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