Only weeks after reporting of the triumphant return of Oscar Ciornei to Russound, a company for which he was once COO earlier in his career, news comes to us that the parties have agreed to part company. A swift and surprising development – the company says the reason for the mutually agreed-upon separation was an emerging conflict with an existing client. However, we have received reports that suggest other issues may have also been a factor.
Management
THIEL Audio Appoints Scowcroft Associates as Rocky Mountain Reps
THIEL Audio announced today that it has appointed Scowcroft Associates as its sales representative for the Rocky Mountain territory effective immediately. Well-known and respected in the territory, Scowcroft Associates is also very experienced in the sales of mid- to high-end product lines.
[Read more…] about THIEL Audio Appoints Scowcroft Associates as Rocky Mountain Reps
Third Time’s the Charm? Colorado vNet – Now 3vNet – Certainly Hopes So
BREAKING NEWS
Colorado vNet, the high-tech control and home automation company that has had an up-and-down roller-coaster existence – dying twice, only to be reborn twice – and eventually given-up on and sold off…hopes that the old adage, “third time’s the charm” is true. CEO Mike Anderson announced today that he is re-launching the company with a new brand – now 3vNet – and a new attitude, telling us that this is not a makeover, but in fact a whole new company with new facilities, new engineering, and a new higher level of tech support the likes of which dealers haven’t seen in years.
See what the all-new 3vNet has in store to excite dealers & drive market share…
[Read more…] about Third Time’s the Charm? Colorado vNet – Now 3vNet – Certainly Hopes So
Sol Republic Wins Round 1 of Heavyweight Boxing Match with Signeo
Earlier this year, we reported on a trademark infringement suit filed by Signeo USA, LLC, vs. Sol Republic. Signeo is the corporate name for a company better known in the trade as the Soul by Ludacris brand of headphones. Sol Republic denied Signeo’s allegations and filed a counter-suit suggesting, amongst other things, that Signeo’s trademark application was improper. Signeo also filed a motion for a preliminary injunction, seeking a court order to stop the sales of Sol Republic products.
There are lots of twists – and the court has rendered its verdict on the injunction… [Read more…] about Sol Republic Wins Round 1 of Heavyweight Boxing Match with Signeo
Rare Steve Jobs Fail – Apple Reportedly Will Shut Down Ping Social Network
The Huffington Post and the Wall Street Journal’s AllThingsD blog are reporting that unnamed sources at Apple have indicated that the company plans to pull the plug on its Ping social networking service, perhaps as early as this fall. Ping, a sort of Facebook for music was incorporated into their iTunes software back in 2010 and launched by famed company chairman Steve Jobs to great fanfare.
Why is Ping failing, even after a full marketing push by the industry kingpin?… [Read more…] about Rare Steve Jobs Fail – Apple Reportedly Will Shut Down Ping Social Network
EHX 2.0? EH Publishing Gambles on a New Trade Event at a Connecticut Casino
EH Publishing announced today that it is launching a new trade event next year that they call CE Exchange. The CE Exchange event will be held over a three-day period from May 6-to-May 8, 2013 at the MGM Grand Hotel in the Foxwoods Resort and Casino in Mashantucket, Connecticut. Targeted primarily to appeal to custom integrators in the northeast, the promoter says this is a new kind of event – not a typical trade show…but not a conference either.
So just what is CE Exchange?… [Read more…] about EHX 2.0? EH Publishing Gambles on a New Trade Event at a Connecticut Casino
Jeff Kussard Leaves Capitol Sales
BREAKING NEWS
We have learned that Jeff Kussard, a top executive involved in strategic business development at Capitol Sales, Corp., reached a mutual agreement with the company resulting in his exit from the business on June 1, 2012. Kussard, a well-known and well-respected industry luminary, shared his new plans with us in a telephone interview.
See Kussard’s plans for his next move… [Read more…] about Jeff Kussard Leaves Capitol Sales
Sony Slaps Senior Execs – Makes Them Give Back Pay
In a public move that will probably make more sense in Japan than it will here, Sony Corp. said on Tuesday that seven top executives will return their fiscal 2011 performance-linked bonuses. The executives affected by this decision include their former CEO Howard Stringer and current CEO Kazuo Harai.
Why this announcement now?…. [Read more…] about Sony Slaps Senior Execs – Makes Them Give Back Pay
New Symbol of Sony’s Suffering – Stock Drops to Lowest Level in 32 Years
In yet another sign of the decline of a once seemingly invincible technological powerhouse, shares in Sony Corp. in Tokyo closed Monday below ¥1,000 ($12.76) per share – setting a disturbing new record low. The last time the stock was this low was August 1, 1980 – 32 years ago. The press in Japan took notice and newspapers couldn’t help but point to the development as a symbol of an industry slump that is changing the world’s view of Japan’s technological prowess.
Why do analysts think this happened?…
[Read more…] about New Symbol of Sony’s Suffering – Stock Drops to Lowest Level in 32 Years
D&M Holdings Announces Sweeping Changes – Starting with Their Name
Even by late-May’s standards, it was an unusually hot and humid day this week as a major contingent of the tech press gathered up in Mahwah, New Jersey at the weirdest looking Sheraton you’ve ever seen – more rocket ship than hotel. We were summoned to a press presentation by D&M Holdings that promised to be more significant than those in the past. Little did we know that the heat of the day was presaging the hot presentation that was the subject of our gathering!
[Read more…] about D&M Holdings Announces Sweeping Changes – Starting with Their Name
