Strata-gee.com

Strategy in TECH...

You are here: Home / Archives for Management

Management

Supply Chain Kills Exogal, CEO Says

by 1 Comment

‘If You’re Watching This…We’re Dead’

If you try to go to the website of Exogal, a high-end digital electronics manufacturer, you’ll end up at a YouTube video titled, “If you’re watching this, we’re dead.” The video consists of Exogal CEO Jeff Haagenstad looking directly into the camera and explaining to viewers that the company has died..and why that happened. It’s a cautionary tale for all manufacturers who are universally buffeted by supply chain issues – especially the worldwide, multi-industry chip shortage.

See more on how the supply chain took down Exogal

[Read more…] about Supply Chain Kills Exogal, CEO Says

Onkyo Announces Two Subsidiaries Will Cease Operations & File for Bankruptcy

by 5 Comments

One of the products to be sold in Onkyo’s new direct-to-consumer business

Onkyo Home Entertainment Company Ltd. (formerly Onkyo Corp.) has announced that two of its consolidated subsidiaries will cease operations and file for bankruptcy. It is yet another dramatic development in the company’s effort to stop the bleeding and stabilize the company. But substantial concerns exist about the company’s ability to continue as a going concern.

Learn more on these shuttered Onkyo subsidiaries

[Read more…] about Onkyo Announces Two Subsidiaries Will Cease Operations & File for Bankruptcy

Sound United Acquired by Medical Products Maker Masimo Corp. in $1B Deal

by 9 Comments

Masimo website home page
Masimo Corp’s website [Click to enlarge]

BREAKING NEWS

Sound United, LLC, one of the audio industry’s leading providers of high-quality branded electronics and loudspeaker products, announced late Wednesday that it is being acquired by Masimo Corporation, a global provider of medical products, in a deal valued at $1.025 billion. The two companies have entered into a definitive agreement in a transaction that is expected to close later in 2022.

See more on Masimo acquiring Sound United

[Read more…] about Sound United Acquired by Medical Products Maker Masimo Corp. in $1B Deal

Sonos Has Another Record Quarter…But Just Barely

by Leave a Comment

Revenues Up 3%, But Net Income Drops 6.7%

Sonos Inc. released the results for their fiscal 2022 first quarter on Wednesday and the results were mostly mixed. While a quarterly revenue record was set, net earnings dropped. CEO Patrick Spence called it “an excellent quarter, with record-setting revenue” but the tone of the company’s management seemed slightly more muted on a conference call with financial analysts as compared to previous such events. Perhaps this was because their financial performance was slightly more muted as compared to past quarters.

See more on the Sonos finanical results for Q1 2022

[Read more…] about Sonos Has Another Record Quarter…But Just Barely

Don’t Revamp Your Business for the Latest Fad Guru; Be Your Own Guru

by Leave a Comment

business guru at a trade conference

GUEST POST: All It Takes is Common Sense to Improve Your Biz

Recently, an integrator I know goes to a trade conference. The principal hears a presentation on a new way to run his business, which is already generating a solid $5-6 Million in revenues. The presenter, a sort of business guru, is impressive and has authored a book.

This guru has a “system” he wants to sell you on…

[Read more…] about Don’t Revamp Your Business for the Latest Fad Guru; Be Your Own Guru

Sony Forecasts a Record Profit; Says NOT Entering the Car Building Biz

by Leave a Comment

New Financial Info Shows Sony Continues to Transform Biz

On the eve of closing out their current fiscal year (fiscal 2021) on March 30, 2022, Sony Group announced their latest financial results for the first nine months of the fiscal year…and included a surprising new upgrade of their forecast, now saying they’ll have a record operating profit for the year. This was a high note for the company, a company that has benefitted from consumers spending more time at home playing video games on their PlayStation, thanks to the COVID-19 pandemic.

But the company also answered the question that many – including me – had about Sony entering the automobile business via their new Sony Mobile division – and in so doing, reiterated their plan to move away from a hardware-centric business.

See more on where tech leader Sony is headed

[Read more…] about Sony Forecasts a Record Profit; Says NOT Entering the Car Building Biz

Dave Nauber, Head of Classé for Nearly 20-Yrs, Leaves Company at End of March

by 6 Comments

Dave Nauber - Sound United Director of Brand for Classe

BREAKING NEWS

In an internal email circulated to company employees on Monday, Joel Sietsema, Sound United’s Brand President of Marantz and Classé, announced a “change to the leadership structure of the Marantz and Classé organization.” That change is a big one – Dave Nauber, leader of the Classé brand for nearly 20-years, will be leaving the company at the end of March, “to pursue new opportunities.”

Read more about this change at the top of Classé

[Read more…] about Dave Nauber, Head of Classé for Nearly 20-Yrs, Leaves Company at End of March

Snap One Acquires Canadian Distributor Staub Electronics

by Leave a Comment

Snap One acquires Staub Electronics

Snap One announced on Thursday that it has acquired Staub Electronics, a distributor based in Canada who has been the Snap One distributor there for ten years as an independent entity. Snap One says this “strategic move” will “elevate [the] partner experience in Canada.”

See more on Snap One’s acquisition of Staub Electronics

[Read more…] about Snap One Acquires Canadian Distributor Staub Electronics

Kaleidescape Appoints Craig Sholder as Chief Revenue Officer

by Leave a Comment

Kaleidescape CRO Craig Sholder

Kaleidescape announced on Wednesday that they have appointed Craig Sholder as chief revenue officer (CRO). The appointment is effective immediately.

See more on Kaleidescape’s new CRO

[Read more…] about Kaleidescape Appoints Craig Sholder as Chief Revenue Officer

You Did It Again! Readers Deliver Another Record Year for Strata-gee

by Leave a Comment

Holy cow! You guys are amazing! You’ve pushed Strata-gee over the finish line with another record year in 2021! A year ago, I wasn’t sure that was going to be possible, but the data are clear – Strata-gee set many new records this year thanks to the incredible support of Strata-gee readers.

See more on the record year readers delivered to Strata-gee

[Read more…] about You Did It Again! Readers Deliver Another Record Year for Strata-gee