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Sonos Reports Record Fiscal First Quarter 2020 Results

February 6, 2020 by Ted 3 Comments

Sonos, Inc. this week reported a strong first quarter for their 2020 fiscal year. In fact, the company says it had a record quarter with strong revenue and profit gains.

See more on the Sonos record quarter results

[Read more…] about Sonos Reports Record Fiscal First Quarter 2020 Results

Filed Under: Brands, Financial, Law, Manufacturers Tagged With: Sonos

Strata-gee Survey Shows Coronavirus Response Places Supply Chain in Jeopardy

February 5, 2020 by Ted 1 Comment

Container ship at port

No Need to Panic Now, But Maybe Soon

I received a tip from a tech supplier here in the U.S. that the Coronavirus epidemic impacting China is a big problem getting bigger every day…and that our industry needs to think about – and prepare for – the impact on our supply chain. This week, Strata-gee surveyed several brands to learn their status on product supply…and what their perspective was on the near-term future impact of this epidemic taking place in China.

What top brands say about supply chain risk…

[Read more…] about Strata-gee Survey Shows Coronavirus Response Places Supply Chain in Jeopardy

Filed Under: Asian Connection, Brands, Manufacturers, News, supply chain Tagged With: AudioControl, classé, Classe, Coronavirus, Emotiva, James Loudspeaker, Origin Acoustics, Russound, SVS Sound, Technology Visions Analytics, The Davinci Group, Vanco

MSE Audio to Launch SoundTube’s STNet Soundbar at ISE 2020

January 23, 2020 by Ted Leave a Comment

MSE Audio logo

MSE Audio will launch the SoundTube STNet Soundbar at ISE 2020 in Amsterdam next month, running from February 11-14. This innovative soundbar solution is enabled for IP-based PoE for really convenient hookup.

Learn more about the MSE Audio, Dante-enabled soundbar…

[Read more…] about MSE Audio to Launch SoundTube’s STNet Soundbar at ISE 2020

Filed Under: Manufacturers, Marketing, Products, Shows & Events, Tech Trends Tagged With: soundbar, SoundTube, STNet

Savant Sister Company Racepoint Energy Acquires NOON Home

January 22, 2020 by Ted Leave a Comment

Savant logo

Racepoint Energy, sister company of Savant Systems LLC, announced this week that it has acquired innovative residential lighting control provider NOON Home. Based in Campbell, CA, NOON offers an impressive array of intuitive lighting and intelligent control solutions.

Learn more about NOON & Savant…

[Read more…] about Savant Sister Company Racepoint Energy Acquires NOON Home

Filed Under: Financial, Manufacturers, News, Strategy, Tech Trends Tagged With: lighting, lighting control, NOON, NOON Home, Racepoint Energy, Savant, Savant Systems, smart home

Once Again, Melrose Considers Disposing of Nortek; This Time It’s Serious

January 22, 2020 by Ted Leave a Comment

Melrose logo

Melrose Industries plc, the British turnaround specialist who acquires underperforming companies to improve their operations and management for resale, is now actively considering selling off the bulk of Nortek in a deal that could be worth $3 billion, according to reports from Bloomberg News and the Financial Times. If they actually execute this sale, it will be a relatively early exit from their ownership of Nortek which they purchased in 2016 for $2.8 billion.

See why Melrose is ready to exit Nortek…

[Read more…] about Once Again, Melrose Considers Disposing of Nortek; This Time It’s Serious

Filed Under: Brands, Financial, Management, Manufacturers, News, Pivot Point, Strategy Tagged With: acquisition, divestiture, Johnson Controls, Melrose Industries, Melrose PLC, Nortek, Nortek Inc., Nortek Security & Control, United Technologies Corp.

In Sonos’ Claim That It’s a Victim, Some Skeptics See a Rich Irony

January 16, 2020 by Ted 3 Comments

Sonos logo

This Friday, Sonos CEO Patrick Spence will testify before a Congressional committee (the House antitrust subcommittee) that is investigating the issue of competition in digital markets. Or, I should say, they are investigating whether the tech giants – Google, Amazon, Apple, Facebook, etc. – are engaging in anti-competitive activities in violation of the law. The Sonos CEO is likely to complain that Google is in fact anti-competitive. Spence’s appearance takes place literally just days after it has filed a major patent infringement lawsuit against Google – alleging that the tech giant stole its proprietary technology…making them a victim.

But some see this claim of Google victimizing Sonos as a bit of rich irony…

[Read more…] about In Sonos’ Claim That It’s a Victim, Some Skeptics See a Rich Irony

Filed Under: Law, Manufacturers, Pivot Point, Strategy, Tech Trends Tagged With: Amazon, Amazon Echo, Google Assistant

Bose to Shutter 119 Bose Stores in N. America, Europe, Japan & Australia

January 15, 2020 by Ted 1 Comment

Bose mall store
A Bose mall location [Photo: Julia Banks, Boston Business Journal]

Bose Corp. announced earlier today that it will close a total of 119 Bose retail stores as a response to changing retail purchasing trends. The locations to be closed represents their entire retail footprint in North America, Europe, Japan, and Australia.

See more on this dramatic announcement from Bose…

[Read more…] about Bose to Shutter 119 Bose Stores in N. America, Europe, Japan & Australia

Filed Under: Industry Trends, Management, Manufacturers, Marketing, News, People, Sales, Strategy Tagged With: store closings

URC Cuts Staff as It Realigns Its Sales Efforts

December 20, 2019 by Ted Leave a Comment

URC logo

Universal Remote Control, Inc. (URC) has had a round of layoffs heading into the holidays. Taking place last week, the remote control giant has made cuts to its team that represent approximately 6% of their total workforce.

Learn more about the cuts at URC…

[Read more…] about URC Cuts Staff as It Realigns Its Sales Efforts

Filed Under: Brands, Management, Manufacturers, News, People, Products, Tech Trends Tagged With: layoffs, Universal Remote Control

Frank Sterns Leaves Sony for Sound United

December 19, 2019 by Ted Leave a Comment

Rumors abound for the last few days and now we learn it’s true, Frank Sterns, former Vice President of AV Specialty/Custom Integration for Sony, has left that position to join Sound United as Senior Vice President of Commercial Operations – Americas. This new role will begin on January 6, 2020.

See more on Sterns joining Sound United…

[Read more…] about Frank Sterns Leaves Sony for Sound United

Filed Under: Management, Manufacturers, News, People Tagged With: Blair Tripodi, Frank Sterns, Sound United

Audio Design Associates Warns of Imminent Company Shutdown

December 10, 2019 by Ted 12 Comments

Audio Design Associates logo

In a letter to the media early Tuesday evening, Richard Stoerger announced the likely impending closure of Audio Design Associates (ADA), a company that was a founding member of CEDIA and a significant driving force in the early days of the “CEDIA channel.” The letter itself never explicitly explains the reasons for the possible closure, only offering vague allusions to: difficulty to “defeat the noise generated on a public level”… and … that they “just ran out of time and money”… and … a failure to “reckon with” how “difficult and expensive” it is to tell one’s story.

This news tolls the end of an era…

[Read more…] about Audio Design Associates Warns of Imminent Company Shutdown

Filed Under: Financial, Management, Manufacturers, News, Pivot Point Tagged With: ADA, Audio Design Associates, custom installation, custom installers, custom integration, Richard Stoerger

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Ted Green Bio

A former dealer, manufacturer, distributor & more. Focusing on business strategy, my goal is to help you make better decisions for greater success.

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