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LG – Last Year We Were Smart, This Year We Are Smarter

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>>See a full slideshow from the LG CES Press Conference by clicking here<<

2012cesreport<January 18, 2012> CES Press Day kicked off this year with LG who seemed anxious to update the media on their progress in 2011. Wayne Park, President and CEO of LG USA, told reporters that although 2011 was a tough year economically, LG’s revenues were up 8 percent. Park also told the group that LG had a record-breaking fourth quarter in U.S. sales. [Read more…] about LG – Last Year We Were Smart, This Year We Are Smarter

Once Again, It’s Show Time – Our CES Survey Results Reveal Reader’s Real Intentions

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Survey Image<January 4, 2012> Next week, the International Consumer Electronics Show kicks off in Las Vegas, NV starting January 10 and running through the 13th at the Las Vegas Convention Center. Over the last few years, many ALERT and BEACON readers have indicated to me that they no longer attended the event as they feel the show is no longer targeted at the specialty side of the business – and instead were using the CEDIA Expo as their main show. [Read more…] about Once Again, It’s Show Time – Our CES Survey Results Reveal Reader’s Real Intentions

More Details Emerge on Unique Gibson Guitar & Onkyo Partnership

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Gibson Logo<January 4, 2012> Only hours after the initial announcement this morning that Gibson Guitar Corporation and Onkyo Corporation will partner with mutual investments and the creation of a joint venture (JV)  for product acquisition and marketing – new details of the deal are emerging. Also, the Japanese stock market has reacted to the deal driving up the value of Onkyo stock. [Read more…] about More Details Emerge on Unique Gibson Guitar & Onkyo Partnership

Gibson Guitar Buys Stake in Onkyo Corporation & Takes Control of Onkyo USA

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Onkyo logo<January 4, 2012> In a surprise move, Gibson Guitar Corporation announced that it has invested in Osaka, Japan-based Onkyo Corporation as part of what it called a “strategic partnership” pursued as part of a “continued diversification into the music and audio lifestyle arena.” The company also announced that it has taken a majority interest in Onkyo’s American subsidiary, Onkyo USA Corp. [Read more…] about Gibson Guitar Buys Stake in Onkyo Corporation & Takes Control of Onkyo USA

CEDIA Membership Meeting was Remarkable for What Was Said… and for What Wasn’t

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CEDIA Logo<December 28, 2011> The Custom Electronic Design & Installation Association (CEDIA) held its annual Membership Meeting through a webinar on Tuesday with a total of 76 attendees including CEDIA members, press, and others. The meeting, conducted by CEDIA Board of Directors Chairman Randy Stearns, was remarkable both in terms of what was presented…and what wasn’t. [Read more…] about CEDIA Membership Meeting was Remarkable for What Was Said… and for What Wasn’t

Sony Decides to Stop Sleeping With the Enemy; Breaks Off Samsung Partnership

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<December 28, 2011> Multiple reports from The New York Times, Reuters, the Nikkei and others say thatSleeping with the Enemy Movie Poster Sony Corp. has decided to pull out of its joint venture with Samsung called S-LCD Corp. Launched in 2004, the JV manufactured LCD TVs in South Korea for both partners and was Sony’s attempt to catch up with the rest of the industry after its disastrous decision to stay with analog sets as everyone else turned to flat panels. [Read more…] about Sony Decides to Stop Sleeping With the Enemy; Breaks Off Samsung Partnership

At Long Last CEDIA Releases Findings from New Research on CI Market

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<December 15, 2011> At the September CEDIA Expo in Indianapolis, the trade association’s CEO, Utz Cover of CEDIA Market Research ReportBaldwin, held a press event in which he announced that the organization was in the final stages of completing a detailed research report on the custom installation market served by its members. Baldwin, who is no longer with the organization, promised a fourth quarter release – and they just made it as they announced today selected data from the report which, interestingly, will not be available for sale in 2011. [Read more…] about At Long Last CEDIA Releases Findings from New Research on CI Market

Toshiba to Close Three Chip Plants as Demand Slacks for TVs & PCs

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Toshiba Logo<November 30, 2011> Toshiba Corporation said today in Tokyo that it will close three of its six factories in Japan producing so-called discrete or single-function chips which are widely used in the electronics business. A very competitive part of the chip business, Toshiba has struggled to maintain profits in this division as competitors such as Samsung put downward pressure on the pricing – and profits – for these chips. [Read more…] about Toshiba to Close Three Chip Plants as Demand Slacks for TVs & PCs

Velodyne Vaults into Direct-to-Consumer Sales Leaving Sales Reps Behind

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Velodyne Logo<August 2, 2011> Velodyne Acoustics, Inc. (Velodyne) surprised many in the industry last week by summarily dismissing their independent sales representative force and announcing that they would begin selling Velodyne subwoofers direct to consumers via a new online ecommerce website. The webstore was already open by the time some of the sales representatives received their termination notice. [Read more…] about Velodyne Vaults into Direct-to-Consumer Sales Leaving Sales Reps Behind

Lenbrook President & CEO Miller: On a Mad Mission? Or Simply Misunderstood?

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Lenbrook website<June 1, 2011> Lenbrook America Corporation President and CEO Dean Miller began with an apology. In a May 20th email communication with BEACON editor Ted Green, Miller apologized for his lack of responsiveness, saying that until he read last month’s BEACON he was unaware that attempts had been made by its editors to contact him. Miller, it seems, was on an aggressive two-week spin through Europe to attend a Tivoli event in Italy, a Munich high-end show in Germany, and finally a Lenbrook International distributor show.

See more on our interview with Lenbrook’s Dean Miller… [Read more…] about Lenbrook President & CEO Miller: On a Mad Mission? Or Simply Misunderstood?