Strategy in TECH...
Artison surprised dealers attending the Audio Associates dealer Expo in New Jersey earlier this week by showing a previously unannounced all-new subwoofer line that had the show floor buzzing. Proudly shown and discussed in great detail by Artison President Cary Christie, Artison’s new pint-sized powerhouse is diminutive in size, but its creator promises that it packs a powerful punch.
Finding themselves at the crossroads of two struggling industries – consumer electronics and traditional publishing – Source Interlink Media, the owners of both Home Theater and Sound & Vision magazines, has decided to merge the two properties into one entity. The combined entity will be known as Sound & Vision – apparently leaving the Home Theater name plate to the annals of history.
For those of you familiar with AVNation’s AVWeek netcast or podcast, you are used to witty repartee as guests discuss various topical issues that are meaningful to the AV industry. And this week’s Episode 99 It’s a Fun LinkedIn, was no exception.
But one thing was different about this week’s issue – it featured an AVWeek newbie…Strata-gee.com’s very own Ted Green.
[Read more…] about What Did He Say?!?! Strata-gee.com’s Ted Green Featured on AVWeek Netcast
The giant LCD panel manufacturing plant built by Sharp Corp. and now a joint venture between Sharp and Hon Hai Precision Industry Co., Foxconn’s parent company, has reported that it generated a net loss of ¥7.4 billion ($75.7 million) for the April-December fiscal period. The news is another indicator of the degree of desperation that Sharp is facing in trying to turn around its financial condition which, like many Japanese manufacturers has struggled as a result of the global slowdown and declining profitability.
In a recent fiscal year 2012 fourth quarter and full-year report, Nortek, Inc. showed a mixture of hit-and-miss results with fourth quarter sales dropping 5.6% to $505.4 million as compared to Q4 2011’s $535.2 million. Worse yet, the company’s Q4 net loss increased from last year’s $800,000 to a substantial $12.5 million. These results were in spite of the fact that this year’s calendar for the quarter had two more days in it than the quarter last year.
However, Nortek’s overall annual results showed a brighter picture with 2012 sales increasing to $2.2 billion, up 2.8% from the previous year’s $2.14 billion. Net profits in 2012 came in at $9.5 million – a substantial improvement over 2011’s net loss of $55.9 million.
Thank you for your support in 2012. It was a challenging year for the industry, and it was a challenging year for Stratecon as we changed addresses on the web and launched a whole new kind of presence.
I thank you all for following us to our new www.strata-GEE.com location and for continuing to read and discuss our articles, stories, and posts. We look forward to an even bigger and better 2013!
THANK YOU for stopping by our humble abode on the Internet! We’ve stocked it to the rafters with a ton of what I hope you’ll find is useful content and news on marketing and business strategy in TECH today.
