Massive $6.3 Billion Writedown is Tanking Toshiba, Could It Collapse?

Toshiba Corp. announced yesterday that it will take a $6.3 billion writedown to account for the meltdown of its nuclear division. This amount of writedown is much higher than the markets had anticipated, forcing Toshiba into crisis mode having to … Continue reading

Sharp Plans Major Investment in U.S., Paying Fealty to Trump

Sharp Corp., a subsidiary of Taiwan’s Hon Hai Precision Industry Co. which is better known as Foxconn, has said in Japan that it plans to make a major investment in the United States. This announcement precedes by just two days … Continue reading

Is CEDIA’s Show For Sale…Again?

Reuters is reporting that Emerald Expositions LLC, the major trade show exposition company that bought the CEDIA show last week, is considering putting itself up for sale. This report became public on Wednesday, January 25th…the day before CEDIA announced it … Continue reading

Why Consumers Don’t Like to Shop at Retail Anymore

New research into what frustrates consumers when shopping in a retail store may give us a clue as to why brick-and-mortar retail is struggling – while online retailers are growing. Market research firm Capgemini asked consumers what they thought was … Continue reading

Savant Holds Integration Summit in Denver, Outlines New Path Forward

In the wake of recent major executive changes, Savant seemed to fall into silent mode, deflecting media inquiries and in general buying itself time to get organized. All that is changing now as the company wrapped up a summit of its … Continue reading

Bridwell Leaves Digital Projection for Screen Innovations

Screen Innovations (SI) announced this week that it has hired Michael Bridwell as its Vice President, Sales and Marketing, a newly created role for the company. Bridwell’s appointment is effective immediately, and he is said to be already at work … Continue reading

Samsung Chairman Named as Suspect by Prosecutors in Political Probe

After a tough 2016, Samsung was likely looking for a little relief in 2017. They’ll have to keep looking because, as the old saying goes, “When it rains, it pours.” Reuters is reporting that prosecutors in South Korea have summoned … Continue reading

Sharp Hit With Pushback; Hisense Refuses to Rescind Licensing Deal

Hisense is Said to be ‘Defiant’ News sources in Japan are reporting that Hisense has fired back at newly aggressive Sharp negotiating tactics, saying firmly it will not relinquish the licensing rights to the Sharp brand name in North & … Continue reading

GoldenEar Adds to Its Sales Team

GoldenEar Technology announced this week that it has expanded its sales team with the addition of Christopher Volk. Volk, said to be a longtime A/V veteran, will take the position of Eastern Region Director of Sales for GoldenEar, effective immediately. … Continue reading

Not Again! Another Big, Bad Surprise from Toshiba

Loses Almost a Third of Its Total Market Value in 2 Days Toshiba Corps. stock price plunged 30% this week as the company announced it is facing the prospect of booking a potentially multi-billion dollar writedown related to an acquisition made … Continue reading