Sharp Shocker: Company Will Report Interim Net Loss Almost Double Their Forecast

The Nikkei reported today that it has learned from unnamed sources that Sharp Corp. is about to report a surprising interim net loss of ¥400 billion (just over $5 billion). Covering the period of their April-through-September fiscal (interim) semester, this … Continue reading

Azione Unlimited Buying Group Adds New Vendors; Releases Details on Upcoming Meeting

Azione Unlimited announced today that it has added two new vendors to its “intentionally short list of vendor members.” The new vendors are Assurity Design Group and Triad. The organization also released additional details on its upcoming fall conference. See … Continue reading

EXCLUSIVE> CEDIA Executives Address Issues Raised by strata-GEE.com Readers

As long time readers of strata-GEE.com (and the previous stratecongroup.com) know, for the last three years, we have conducted a survey of our readers on their attitudes of both the Consumer Electronics Show (CES) and the CEDIA EXPO. Last month, … Continue reading

Nortek Names New Chief Supply Chain Officer

Nortek, Inc. announced today the appointment of Scott Campbell to Vice President and Chief Supply Chain Officer. A newly created position, the company says that the executive will be responsible for “creating, driving and implementing” an enterprise-grade, global supply chain … Continue reading

D&M Sells McIntosh Labs to Italian High-End Marketer Backed by Private Equity

News emerged today that Italian holding company Fine Sounds SpA has acquired 100% of McIntosh Laboratory, the Binghamton, NY-based high-end brand most recently owned by D&M Holdings. The announcement – which came from Fine Sounds, contained only a short statement … Continue reading

Former Harmonious Head of CEDIA Delivers Disruption – Launching ube Today

BREAKING NEWS – ube Launches Today at DEMO For several years Utz Baldwin worked to further the cause of the Custom Electronic Design & Installation Association (CEDIA), first as a member and – from 2008-2011 – as CEO. As the … Continue reading

Sharp, Struggling to Survive, Provides Banks with a New Plan; Ratchets Up Painful Cuts

Sharp Corp., once a high flying superstar of Japanese manufacturing might, finds itself engaged in a multi-front battle for survival as it seeks to replenish its depleted capital reserves. Recently, the company had announced that it was negotiating a partnership … Continue reading

NuLEDs Gets a New Spark…Or Should We Say, A New Sparky?

NuLEDs, Inc., an LED lighting specialty company launching a new Power-over-Ethernet, IP-addressable LED lighting system, announced late last night that Mike “Sparky” Detmer is joining the company as its new Global Vice President for residential and light commercial markets. Detmer’s … Continue reading

EXCLUSIVE: Nortek’s Core Brands Clears the Air with strata-GEE.com in Exclusive EXPO Interview

The 2012 CEDIA Expo launched with a bang for me as I previously reported when, upon entering the convention center, I was collared by a PR person who quickly walked me (without explanation) to a high-level executive for a Nortek … Continue reading

Nortek Noise Continues – Xantech President Hallett Leaves Company

BREAKING NEWS Multiple industry sources have confirmed that Xantech President Graham Hallett has resigned his position with the company, effective September 1st. Xantech is one of ten Nortek, Inc. brands being consolidated under the new “Core Brands” umbrella company, the … Continue reading