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

AudioQuest Announces Downsizing 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. … Continue reading

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

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, … Continue reading

Breakdown at B&W; Industry Buzz Reaches Fever Pitch

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 … Continue reading

RMR – Want Recurring Monthly Revenue But Don’t Know Where to Begin?

By now, most integrators have heard the siren call that they should launch a recurring monthly revenue program (RMR) to add profits and deepen their relationships with their clients. But to many of them, this is an idea that is … Continue reading

Once Again, Melrose Considers Disposing of Nortek; This Time It’s Serious

Melrose Industries plc, the British turnaround specialist who acquires underperforming companies to improve their operations and management for resale, is now actively considering selling off the bulk of Nortek in a deal that could be worth $3 billion, according to … Continue reading

Bose to Shutter 119 Bose Stores in N. America, Europe, Japan & Australia

A Bose mall location [Photo: Julia Banks, Boston Business Journal] Bose Corp. announced earlier today that it will close a total of 119 Bose retail stores as a response to changing retail purchasing trends. The locations to be closed represents … Continue reading

CES 2020 – Just What Exactly is CES Anymore?

Buyer/seller negotiations on the CES floor are getting pretty tough! Image is from the WWE, a new exhibitor at CES this year For many, many years the Consumer Electronics Show (CES) – an exposition hosted by the Consumer Technology Association … Continue reading

URC Cuts Staff as It Realigns Its Sales Efforts

Universal Remote Control, Inc. (URC) has had a round of layoffs heading into the holidays. Taking place last week, the remote control giant has made cuts to its team that represent approximately 6% of their total workforce. Learn more about … Continue reading