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Manufacturers

Cambridge Audio Launches Evo One Wireless Streaming Speaker

August 9, 2024 by Ted 2 Comments

Cambridge Audio Evo One

Cambridge Audio, the British specialty audio manufacturer and merchant of musically-inspired audio gear announced today the launch of the Evo One wireless streaming speaker that looks like it will be a formidable force in just about any home. Like Sonos on steroids, with 700 watts of power and no fewer than 14 speakers arrayed to provide room-filling sound – no matter what type of music you like…crank it up!

Learn more about the Cambridge Audio Evo One

[Read more…] about Cambridge Audio Launches Evo One Wireless Streaming Speaker

Filed Under: Manufacturers, News, Products, Retailers, Technology Tagged With: Cambridge Audio, streaming audio

Masimo Q2 Fiscal 2024 Results Show Healthcare Rebound, But Audio Declines Double-Digits

August 8, 2024 by Ted 2 Comments

Cover slide to Masimo earnings presentation

CEO Has a New Option for Offing Sound United

On Wednesday, Masimo Corporation (Nasdaq: MASI) reported its financial results for the second quarter of fiscal year 2024 and the company’s Healthcare division showed solid signs of regaining traction as it continues to power out of the post-COVID doldrums of the last eighteen months to two years. Investors cheered the results by driving up shares of the company’s stock by more than 11%. However, the Non-Healthcare division (Sound United) continues to be troubled with revenues declining 13% in the quarter.

See more on the results for Masimo

[Read more…] about Masimo Q2 Fiscal 2024 Results Show Healthcare Rebound, But Audio Declines Double-Digits

Filed Under: Financial, Management, Manufacturers, News, Strategy Tagged With: earnings, Joe Kiani, Masimo, Politan Capital Management, Quentin Koffey, Sound United

Revised Politan Proxy Material Offers a Surprising Masimo Tidbit

August 7, 2024 by Ted 1 Comment

Chancery Court Declines to Force an Earlier Stockholders Meeting

New proxy material produced and distributed to stockholders this week by Politan Capital Management – an activist investor in Masimo Corp (Nasdaq: MASI) – mostly contains information that was already known. The activist investor, as well as Masimo itself, must provide new proxy materials and voting forms as all previous votes were invalidated as a result of a rescheduling of the 2024 Annual Stockholders Meeting to September 19th (originally was to be July 25th).

But Politan included a few pages of updated background information which, among those items I’ve already written about, did include one fascinating or tantalizing bit of new information.

See more on the updated Politan proxy & its new Masimo tidbit

[Read more…] about Revised Politan Proxy Material Offers a Surprising Masimo Tidbit

Filed Under: Feature, Law, Management, Manufacturers, News, Strategy Tagged With: Joe Kiani, lawsuit, Masimo, Politan Capital Management, Quentin Koffey

Lutron Loses Appeal in J Geiger Lawsuit But Gets Penalty Reduction

August 2, 2024 by Ted Leave a Comment

The judge hearing Lutron Electronics’ appeal of its loss to GeigTech East Bay (part of J. Geiger shades) in a patent infringement case has delivered her decision and it is sure to please neither side. Earlier this year a jury declared Lutron a willful infringer of a GeigTech patent and awarded it an eye-popping $34.6 million. Lutron appealed asking for a new trial, which was denied, but the Judge cut the award to $3.8 million, agreeing that it was “grossly excessive.”

So what happens now? Read on to see…

See more on this ruling of Lutron’s appeal of Geigtech’s trial win

[Read more…] about Lutron Loses Appeal in J Geiger Lawsuit But Gets Penalty Reduction

Filed Under: Feature, Law, Management, Manufacturers, News, Technology Tagged With: GeigTech, lawsuit, Lutron, patent infringement

Sharp Cuts CEO After Two Years of Losses; Company Scaling Back LCD Div Significantly

August 1, 2024 by Ted Leave a Comment

Sharp display at a trade show
REUTERS/Toru Hanai/File Photo

Remember: Sharp Manufactures Onkyo, Integra, Pioneer & Elite

Sharp Corporation, part of top Apple supplier Foxconn, saw its annual shareholders meeting turn contentious this year as investors are frustrated with management after the company has turned in two years of significant net losses. Perhaps to help mollify investors, the company announced its President and CEO, Robert Wu, has stepped down from his role at the company. Sharp also announced it is scaling back its struggling LCD business.

See more on troubles at Sharp

[Read more…] about Sharp Cuts CEO After Two Years of Losses; Company Scaling Back LCD Div Significantly

Filed Under: Feature, Financial, Management, Manufacturers Tagged With: Sharp

Voxx Fiscal 2024 Annual Shareholders Meeting – More Restructuring, Disposal of Brands Ahead

July 25, 2024 by Ted Leave a Comment

Investor Relations page on Voxx website

On Tuesday, Voxx International Corporation (Nasdaq: VOXX) held its annual shareholders meeting, closing out a tough Fiscal 2024 with declining sales (down 12.2%) and deepening net losses (up over 53%). Sounding a little defensive, Ari M. Shalam, the company’s Co-Vice Chairman of the Board and son of company founder John J. Shalam, promised investors more restructuring and said the company will shed assets, including some of its previous brand acquisitions, to generate cash to lower debt and prepare the company for healthier growth ahead.

See more on the remarkable Voxx Annual Shareholders Meeting

[Read more…] about Voxx Fiscal 2024 Annual Shareholders Meeting – More Restructuring, Disposal of Brands Ahead

Filed Under: Financial, Management, Manufacturers, News Tagged With: Ari Shalam, Pat Lavelle, Voxx

Politan Reveals Masimo Lawsuit To All Investors; Says It’s Desperate & Defamatory

July 24, 2024 by Ted 2 Comments

Image of Masimo v. Politan lawsuit title page

Masimo: ‘Confidential Informants’ Allege Koffey Has Breached His Fiduciary Duties as a Director

Almost exactly one week ago, Masimo and its Board of Directors filed a lawsuit against Politan Capital Management in which it alleged Politan’s proxy materials contained material misrepresentations and asked the court to order the activist investor to correct them. The company also delayed its upcoming annual stockholders meeting from July to September. Two days after that, Politan responded with a countersuit in which it asked the court to order Masimo to hold its 2024 Annual Meeting of Stockholders as soon as possible.

Now Politan has taken the unusual step of publishing Masimo’s lawsuit against them and providing it to all Masimo stockholders. The Masimo suit, which has some outrageous claims against Politan and particularly CIO Quentin Koffey, is being provided by a confident Koffey who believes investors will see it for what he says it is…a desperate attempt to stop the investor vote for independent directors.

See more on Politan publishing the Masimo lawsuit against it

[Read more…] about Politan Reveals Masimo Lawsuit To All Investors; Says It’s Desperate & Defamatory

Filed Under: Feature, Management, Manufacturers, Strategy Tagged With: Joe Kiani, Masimo, Politan Capital Management, proxy battle, Quentin Koffey, Sound United

With Week 3 of Strike About to Begin, Samsung Management Says, Let’s Talk

July 22, 2024 by Ted Leave a Comment

NSEU leaders say worker participation has only increased as strike enters third week [Click to enlarge]

As I’ve been reporting, Samsung’s largest union, the 30,000+ member strong National Samsung Electronics Union (NSEU), has launched a strike against one of the largest employers in all of South Korea. This is not a common occurrence anywhere in Asia, and it is the first major strike Samsung has ever experienced.

Now, after two weeks of continuous work stoppage, Samsung management finally indicated to the union that it was interested in restarting the negotiations – a big win for union leaders.

See more on the first-ever union-directed work stoppage at Samsung

[Read more…] about With Week 3 of Strike About to Begin, Samsung Management Says, Let’s Talk

Filed Under: Asian Connection, Management, Manufacturers, News, Strategy Tagged With: labor, NSEU, Samsung Electronics, Strike

Savant Names Bryce Judd as CRO for Installed Smart Home & Power Biz

July 18, 2024 by Ted Leave a Comment

Savant website image

Savant Systems, Inc. today announced that it has named Bryce Judd as its Chief Revenue Officer (CRO) for the professionally installed smart home solutions and Savant Power business units. You may recognize that name as Bryce was head of sales for Control4 from 2016-2020.

Learn more about Bryce Judd at Savant

[Read more…] about Savant Names Bryce Judd as CRO for Installed Smart Home & Power Biz

Filed Under: Management, Manufacturers, News, People, Sales Tagged With: Bryce Judd, Savant

Politan Returns Fire; Files Countersuit Against Masimo & Directors in Delaware

July 18, 2024 by Ted 2 Comments

Politan investor presentation cover slide
Cover slide to Politan’s investor presentation

Claims Company is Violating Its Own Bylaws & Delaware Law

On Tuesday, I told you that Joe Kiani and Masimo Directors filed a lawsuit against Politan Capital Management and Quentin Koffey, asking the courts to force Poltian to correct what it claims are material misrepresentations in Politan’s proxy materials provided to Masimo stockholders. Late Wednesday, Politan returned fire, filing its own countersuit – but in a much more strategic way…

See more on Politan countersuing Masimo

[Read more…] about Politan Returns Fire; Files Countersuit Against Masimo & Directors in Delaware

Filed Under: Feature, Management, Manufacturers, News, Strategy Tagged With: Joe Kiani, Masimo, Politan Capital Management, proxy battle, Quentin Koffey

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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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