Strategy in TECH...
The ALERT has learned that Bob Weissburg has resigned from his position at Gibson Guitar effective immediately. The surprising news comes just three months after Gibson announced it had hired Weissburg, the former President of Sales and Marketing for the Americas at D&M Holdings. Gibson had appointed Weissburg to a newly created position of Global Executive Vice President.
[Read more…] about BREAKING NEWS
Weissburg Leaves Gibson Guitar & Onkyo
Today, just a short time ago, Nortek Inc.’s AVC Group released an announcement that a major new phase of their reorganization is in the works. Specifically, the AVC Group which currently is the merged brands of Niles Audio, Elan, and Xantech, will be expanded to include SpeakerCraft, Proficient, Panamax/Furman all under the same roof. Furthermore, Nortek’s former reorganizer – Mark Terry – has been reorganized out of the newly restructured company.
[Read more…] about BREAKING NEWS: Nortek Reorganizes Its Reorganization
Audio Associates Corp. launched its “Alliance Expo 2012” Dealer Show Tuesday at the Doubletree Hotel in Newark, New Jersey. Attendees braved gray, rainy, sticky, humid weather…and a resulting variety of roadway-clogging traffic accidents…to travel from all around the New York Metro area and the Mid-Atlantic to see product displays from 23 manufacturers representing top brands in the specialty A/V business. [Read more…] about Alliance Expo 2012 Draws Large Dealer Attendance
This week at the Alliance Expo 2012 being held in Newark, NJ by Audio Associates and their vendors, Monster (formerly Monster Cable) had a large presence with a booth that stretched down one wall, across a corner, and along another wall with an impressive showing of their product line. The Monster presence included those products for which they are best known – cables and headphones, but perhaps even more impressive than that – they demonstrated some of their new wireless technologies and systems…pointing towards a wireless future. [Read more…] about Monster’s Cable-less Future
At this week’s Alliance Expo 2012 in Newark, NJ, we sat down with event promoter Audio Associates’ CEO Ron Meyerowitz to get his take on the event…and on trends in the industry. The dealer show, held annually by the well-known New York Metro-area sales representative firm, appeared to be quite successful at a time when many in the industry find business sluggish. We wanted to know – why was this year their biggest show ever…and what is the secret of their success?
[Read more…] about Connecting Three Powerful Partners – Technology, Vendors & Dealers
<May 16, 2012> Russound announced today that it has retained the OAC Group to work with the company on a variety of product and marketing projects. The announcement follows the company’s recent divestiture of Colorado vNet – selling it to Russound’s former Vice President of Sales Mike Anderson. But the development is most notable for what it appears to represent – the triumphant return of Oscar Ciornei to Russound. [Read more…] about Ciornei Makes Triumphant Return to Russound
<May 16, 2012> Late last week Nortek Inc. released the results of its fiscal first quarter or the period that 
ended March 31, 2012. Nortek – parent company to venerable industry brands such as Niles Audio, Speakercraft, Xantech, Elan, and more – showed a 7% sales increase in the quarter to $522.8 million as compared to $488.6 million in the year before. And while the company continued to book a net loss in the first quarter, it clearly showed solid improvement in several areas…including a dramatically reduced net loss of $1.2 million as compared to the same quarter last year when the net loss was $21.1 million. [Read more…] about Nortek’s Net Losses Continue – And Continue to Improve
<April 11, 2012> The Department of Justice (DOJ) today filed an antitrust civil lawsuit against Apple, Inc. and five major book publishers, alleging that the parties had formed an illegal cabal for the purpose of artificially inflating the price of e-books. The publishers charged in the action were Hachette SA, HarperCollins, Macmillan, Penguin and Simon & Schuster. [Read more…] about U.S. Dept. of Justice Files Antitrust Lawsuit Against Apple & Five Publishers
<April 4, 2012> In financial results filed with the SEC at the end of last week, Nortek, Inc. said fiscal year 2011 (year ending December 31, 2011) saw a substantial sales increase of 12.7% from $1.899 billion in 2010 to $2.141 billion last year. However, the company reported that losses also increased from 2010’s $13.4 million to last year’s $55.9 million. Still, the company feels there’s cause for optimism as fourth quarter results improved substantially over the fourth quarter of 2010. [Read more…] about Nortek’s Losses Increased in 2011, But Company Says Q4 Results are Encouraging
<March 28, 2012> Earlier this month, the ALERT reported that ex-D&M President Bob Weissburg had joined Gibson Guitar as its global executive vice president. While Weissburg was said to have responsibilities over the entire organization, his focus is primarily on Gibson’s audio and pro businesses which are growing largely as the result of several acquisitions by the company, including Onkyo’s U.S. subsidiary, Onkyo USA. [Read more…] about Gibson Guitar’s Weissburg Gives the ALERT a Status Update
