Management

Change of Strategy: Emerald Board Tells Company Managers to Buy Stock…Theirs

October 13, 2020 by Ted Leave a Comment

Emerald Holding, Inc. (Formerly Emerald Expositions Events, Inc.) [NYSE: EEX], the company that owns the CEDIA Expo show and CE Pro, announced last week that its Board of Directors has authorized company managers to purchase up to $20 Million of Emerald’s stock in a share buyback program. As Strata-gee noted back in May in a report on the company’s large fiscal first quarter loss, this program had previously been suspended when cash had tightened up after the cancellation of their events due to COVID-19.

Now the company has been recapitalized, thanks to help from sugar daddy Onex who now owns more than 80% of the company, and – gosh – the stock is so darn cheap. Maybe now is the time to buy…

See more on this stock purchase by Emerald

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SnapAV Kicks Off Snap Pro Live; CEO Says They are ‘Stronger Than Ever’

October 13, 2020 by Ted Leave a Comment

New Product Platforms & Business Platforms to Drive Future Growth

SnapAV kicked off their first major three-day virtual event called Snap Pro Live Tuesday afternoon. In a keynote presentation, SnapAV CEO John Heyman hailed the work of the integrator in the wake of the COVID-19 pandemic, saying the dealer “took on the role of a courageous warrior.” And with that, Snap Pro Live was launched offering three full days packed with useful content. (See more details on Snap Pro Live here…)

Learn more about Snap Pro Live…

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Sound United Deal to Acquire Bowers & Wilkins Closes

October 9, 2020 by Ted 3 Comments

bowers & wilkins 702 signature speakers — 702 Signature Photography

The Band’s Back Together – B&W Reunited with Classé Under Sound United

Sound United announced today that it has closed on its acquisition of Bowers & Wilkins (B&W), as expected. With this deal, B&W is rejoined with Classé – a high-end electronics manufacturer that itself was once part of B&W but then was acquired by Sound United back in Jaunuary 2018.

See more on Sound United acquiring Bowers & Wilkins

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Considering Bringing Remote Workers Back to the Office? Consider This First…

October 8, 2020 by Ted Leave a Comment

Upset person needing help with mental wellbeing issues

Mental Wellbeing Issues Emerge as a Major Side-Effect of COVID-19

One of the questions I’m frequently asked is, “When will the economy bounce back to pre-COVID levels so we can all get back to normal?” The answer: We won’t “bounce back” to a pre-pandemic economy, and “normal” won’t be the same. The details on this answer is a topic for another post, but suffice it to say that one of the reasons is due to emerging, unforeseen variables, such as deteriorating employee mental wellbeing issues.

And THAT IS the topic of this post. Two new surveys provide troubling but important data that will impact how – or if – you re-centralize your team…if that’s your plan.

See new data on your team’s mental wellness…

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Sonos Stock Slammed on News Apple Stores Drop the Line

October 7, 2020 by Ted 2 Comments

Lost 7% of Value in After-Hours Trading

Bloomberg News reported late on Monday that Apple is dropping Sonos [NASDAQ: SONO] and other non-Apple branded products from their stores. The news of Sonos losing such a major customer caused their stock to derail in after hours trading, down almost 7% in value at one point. On Tuesday, Sonos stock price closed down 3.2% as Wall Street digested the news.

See why Apple stores are dropping Sonos…

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Emerald Expo Says CEDIA Expo Virtual Registers 7,600; Claims Virtual Success

October 1, 2020 by Ted Leave a Comment

Emerald Expositions announced today that CEDIA Expo Virtual drew 7,600 trade professional registrations for their three day run from September 15-17, 2020. Although this figure is less than half the attendance at the live, in-person version, Emerald considers it a great success as an all-virtual event.

See more on the results for CEDIA Expo Virtual

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VOXX Int’l Reveals It’s Been Hit By a Ransomware Attack

September 30, 2020 by Ted Leave a Comment

Warns that Sensitive Employee & Contractor Info Compromised

VOXX International Corporation (NASDAQ:VOXX) revealed this week that they were the victim of a ransomware attack in July and that an assessment of the hack completed early this month shows that sensitive and confidential employee and contractor information has been compromised. The company has issued a warning to all employees and contractors who have worked for the company over the last 20-years.

See more on this surprising VOXX ransomware attack…

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At Crestron NEXT, the Company Reveals Trends Driving the Future

September 29, 2020 by Ted 1 Comment

Photo of Ranjan Singh of Crestron at Crestron NEXT

As previously reported by Strata-gee, the Crestron NEXT event of two weeks ago was a remarkable accomplishment for one company to pull off. With a full two-day agenda – Crestron NEXT offered lots of great content, such as its perspective on the tech business today, seminars on their key current tech products, and more importantly, advice on where things are going tomorrow.

Probably one of my favorite presentations was actually the closing presentation – where Ranjan Singh, Crestron’s Executive VP of Product and Technology summed up the key points of the last two days…and more importantly…offered some details on trends to watch today that will drive the future in a presentation titled “Future Innovations, Next & Beyond.” This is the kind of smart insight that most integrators never get to hear.

See Crestron’s trends driving the future…

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Next Big Virtual Event to Watch For: Snap Pro Live from SnapAV

September 23, 2020 by Ted Leave a Comment

Event season is upon us, as evidenced by the two major events that took place last week – CEDIA Expo Virtual 2020 and Crestron NEXT. This year, thanks to COVID-19, these normally in-person events took place in the digital domain as virtual events. And the next big show that integrators are going to want to watch for – which will also be a virtual event – is the upcoming Snap Pro Live being produced by industry powerhouse SnapAV.

See more on Snap Pro Live from SnapAV…

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Long the Star of the Company, Sony Elects to Shift to a Supporting Role

September 9, 2020 by Ted 2 Comments

According to a new report out of Japan last week, analysts say that Sony’s business is shifting towards more services and events – and away from the electronics business, the division that built the company. For decades, the brand Sony was practically synonymous with electronics…but that identity may be shifting as growth in other company divisions surpass electronics.

See more on Sony’s shifting categories…

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Management

Change of Strategy: Emerald Board Tells Company Managers to Buy Stock…Theirs

See more on this stock purchase by Emerald

SnapAV Kicks Off Snap Pro Live; CEO Says They are ‘Stronger Than Ever’