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Japanese Startup to Disrupt U.S. Residential Construction Market

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Photo of Takeshi HommaAs you head home from work today, take a look around you at the other commuters on the road. All around you are Toyotas, Hondas, Nissans, Suburus and the like. These are all signs of the incredible success Japan has has penetrating the U.S. automobile market – taking significant market share away from the once dominant Big Three American auto makers, GM, Ford, and Dodge/Chrysler many years ago.

Can Japan do it again? Are builders D.R. Horton, Lennar, PulteGroup, K.B. Homes at risk of the same loss of market share? If Takeshi Homma (pictured here) is successful, he hopes to help Japanese companies take a big bite of the American homebuilding market.

See this bold plan to bring Japanese companies into American homebuilding… [Read more…] about Japanese Startup to Disrupt U.S. Residential Construction Market

Klipsch Black Friday Proceeds to Aid Cancer Patients

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Klipsch logoKlipsch is doing something good with a portion of their anticipated increased holiday website revenues during the upcoming Black Friday to Giving Tuesday time period. The company will donate a portion of their proceeds to The Autumn Leaves Project – a nonprofit organization that is dedicated to aiding those who are battling one of the deadliest illnesses known, pancreatic cancer.

Read more about Klipsch using Black Friday for this charitable purpose… [Read more…] about Klipsch Black Friday Proceeds to Aid Cancer Patients

Bowers & Wilkins Restructures in Support of R&D

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Photo of B&W's Gregory Lee
B&W CEO Lee

Bowers & Wilkins (B&W) announced today it has restructured its company in order to further its research and development initiatives. In a brief announcement, only four paragraphs long, new CEO Gregory Lee (former CEO of Samsung North America) said a new, larger research facility will open in 2019.

See more on this announcement from Bowers & Wilkins… [Read more…] about Bowers & Wilkins Restructures in Support of R&D

Foxconn’s Double Dose of Bad News

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A Negative Financial Report & a New Wisconsin Governor Add to Headaches

No doubt about it, Apple Inc. supplier Foxconn has had a really bad week. First, last Tuesday Wisconsin voters kicked Republican Governor Scott Walker out of office, replacing him with Democrat Tony Evers. Then early this week, the company released financial results with disappointing earnings that missed analysts estimates. Both of these unrelated events have combined to cause market analysts to question the company’s strategy going forward.

See more on what these events mean bad news for Foxconn… [Read more…] about Foxconn’s Double Dose of Bad News

Gibson to Emerge from Bankruptcy & Stop Singing the Blues

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With Old Debt Gone, A New Leader & Team Arrives

Logo for Gibson BrandsGibson Brands is on the verge of emerging from bankruptcy a much healthier business in many respects – with less debt, more money in the bank, and a new leader to help the company shed its consumer electronics debacle and reconnect with the musical instrument market. The fifth time, it appears, was a charm as the court has approved the fifth revision of a company submitted turnaround plan that, cuts debt, jettisons former CEO Henry Juszkiewicz, and puts bondholders KKR in the driver’s seat.

See more on Gibson’s dramatic turnaround… [Read more…] about Gibson to Emerge from Bankruptcy & Stop Singing the Blues

Thiel Audio Files Bankruptcy in Bitter Coda to a Sad Song

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Although owned by an agribusiness tycoon who is rumored to be extremely wealthy, Thiel Audio Products Company last Tuesday declared bankruptcy. The company filed papers with the U.S. Bankruptcy Court saying it had assets of around $900,000 and liabilities of over $1,800,000. The filing was a bitter end to a sad series of developments over the last six years, with new owner David B. Griffin changing management teams at least five times in one five-year period. The result was a constant, if slow, slide down the slippery slope of ruin.

See what is learned from Thiel Audio’s bankruptcy filing… [Read more…] about Thiel Audio Files Bankruptcy in Bitter Coda to a Sad Song

Legrand and Lumileds Partner to Drive Adoption of Tunable White LED Lighting

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Legrand logoLegrand and Lumileds announced today that they have signed a partnership agreement that is designed to combine forces and help drive industry adoption of tunable white LED lighting. The two will create and sell what they say is a “simple to integrate” and “easy-to-install plug and play solution” that delivers high quality tunable white LED light. This partnership is another example of the growing interest in this more human-friendly lighting solution.

See more on this tunable white lighting technology partnership… [Read more…] about Legrand and Lumileds Partner to Drive Adoption of Tunable White LED Lighting

NY/NJ Tech Summit – 2nd Verse Same as the 1st

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Photo of entrance to Renaissance Hotel

The NY/NJ Tech Summit rolled in to the Big Apple last week, almost exactly one year after its first iteration, which took place last year in the MetLife Stadium…a really unique venue. This year, I looked forward to it with great anticipation, interested to see if the Summit would begin to gain traction and what changes would take place as a result of the show being acquired by CEDIA.

There were interesting answers to both of these questions. See more below… [Read more…] about NY/NJ Tech Summit – 2nd Verse Same as the 1st

Melrose Talks of Disposing of Nortek

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Are Elan, Speakercraft, Niles, Proficient, etc. In Play Again?

Nortek LogoMelrose PLC, owner of Nortek, including Nortek Security & Control, is openly talking to U.K. media about the likelihood of selling off Nortek – saying, in essence, their work is done, the turnaround is complete. This being the case, their thinking is that it is time to harvest their crop by selling off the company to reap their reward of profits.

But what does this mean for Nortek and its stable of brands?… [Read more…] about Melrose Talks of Disposing of Nortek

Gibson Begins Leadership Makeover w/New CFO

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Gibson's 2019 guitar lineupGibson Brands’ Chapter 11 bankruptcy proceedings have continued to incessantly march forward, the gritty work of a large scale matter such as this occurring mostly in the background. However, occasionally a major factor emerges to be picked up by the media. One thing the new owners of Gibson made a fundamental part of this initiative, was to change  the organization’s leadership.

This week, we learned that the company will soon emerge from bankruptcy with a new chief financial officer (CFO) – announcing the appointment of Kimberly Mattoon for the role.

See more on this Gibson news… [Read more…] about Gibson Begins Leadership Makeover w/New CFO