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Masimo COO Sends Conditional Letter of Resignation to the Board

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Masimo COO Bilal Muhsin

Bilal Muhsin Has ‘No Intention of Remaining’…’If Quentin Koffey…Take[s] Control’

In a new filing with the Securities and Exchange Commission (SEC), Masimo Corporation (Nasdaq: MASI) reveals that Bilal Muhsin, its Chief Operating Officer (COO) has sent a conditional letter of resignation to the Board of Directors. The move is yet another escalation in the proxy war for control of the company between Masimo management and activist investment group Politan Capital Management – one of the company’s largest shareholders that already holds two seats on its Board.

See more on this resignation of the Masimo COO

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It May Be Hot in NJ, But the Country is Hit by a Blizzard of Masimo Filings

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Masimo from proxy website

Politan: Sound United Must Go

The annual Masimo (Nasdaq: MASI) shareholder meeting is now just four weeks away, and on Wednesday we saw a blizzard of proxy filings by both Masimo management and activist investor Politan Capital Management. The gloves are off and the pugilists are swinging. But how is this fight shaping up? Who has the upper hand?

See more on the Masimo vs. Politan proxy battle

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As LCD TV Biz Slides, Sharp Sells Its Largest Panel Factory to AI Companies

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Sharp Sakai factory

Are Onkyo & Integra Connected to This Story?

In yet another sign of mega changes in the electronics industry, news comes to us out of Japan via the Nikkei that Sharp Corp. – a division of Apple supplier Foxconn – is in negotiation to sell off a majority of the property and factory associated with its largest LCD panel manufacturing facility in Japan. That news alone surprised many in Japan, as Sharp has been a world leader in developing LCD TVs, but also surprising is that it would choose to sell this facility, a flagship for them in Sakai, a coastal city in Osaka.

Also surprising, a bidding war has broken out as multiple big players seek to turn the factory into a data center for use in generative AI, a technology in which Japan feels it lags.

See more on Sharp selling most of its top LCD panel factory for AI

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Resideo, New Owner of Snap One & Control4, Reports Fiscal 2024 Q1 Results

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Resideo cover page for Q1 2024 results

Resideo & Snap One Deal Expected to Close Friday, June 14th

Resideo Technologies, Inc. (NYSE: REZI), a manufacturer and distributor of security and related products for business and home – and soon to be the new owner of Snap One and Control4 – announced its fiscal 2024, first quarter financial results. Considering the looming event that will make Resideo an important partner to many in the custom integration business – the closing of its acquisition of Snap One/Control4 on Friday, June 14, 2024 – I am launching a more detailed coverage of the company.

So…given that Resideo is about to spend $1.4 billion, or 20% of their gross revenues – to acquire Snap One, you’d think that things must be going really, really well for Resideo. But are they???

See how Resideo did in its first quarter of fiscal 2024

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ELAC Launches Debut 3.0 with Legendary Sound in Upgraded Style

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ELAC Debut 3.0 loudspeakers
The new Debut 3.0 loudspeaker line from ELAC [Click to enlarge]

High-performance, affordable speaker manufacturer ELAC announced this week that it is launching its Debut 3.0 line of loudspeakers. The Debut 3.0, the company says, is the perfect blend of legendary ELAC sound performance in a style that is upgraded over some of its previous designs.

Learn more about this all-new ELAC Debut 3.0 loudspeaker line…

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MESSY-mo! Masimo is a Mess – Proxy War, Board Battles, Spin-Off Conflict, Whole Co. Up for Sale, JV Partner Emerges, DOJ & SEC Investigations

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Masimo proxy cover image

The Future of Sound United Continues to Hang in the Balance

SEE STORY UPDATE NEAR END – It is total pandemonium in Masimo land as the company and Politan are engaged in a massive and really, really ugly proxy war ahead of the company’s annual meeting scheduled for July 25, 2024, at the Masimo headquarters in Irvine, CA. Details in dueling proxy filings so far have revealed many things we didn’t know up to now. And almost none of what has been revealed…is good.

Company CEO Kiani is in a fight for his professional life…Sound United is dangling in the wind of an uncertain future – and, frankly, even the entire company’s path forward is a question mark.

See More on matters at Masimo and the Sound United situation…

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Panasonic Decides to Exit High-End Projector Biz; Puts Biz Unit Up for Sale

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Panasonic puts its projector business up for sale

For many generations, Panasonic Holdings has been a leading global technology innovator and while its business model has shifted in the last few years, it still holds much respect around the world. Now we’ve learned that the company has decided to sell off its high-end projector unit in order to refocus its resources on digital supply chain systems.

See more on this consequential decision by Panasonic to drop projectors

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Due to Popular Demand, Cambridge Audio Adds VU Meters to CXN100

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Cambridge Audio CXN100

Cambridge Audio announced today that it is adding the ability to bring VU meters and a clock display to another company model, the CXN100 Network Player, via an over-the-air (OTA) software update. And why are they doing this? The company says that the decision to expand the number of models to gain this feature was made “due to popular demand.”

Learn more about the Cambridge Audio CXN100 gaining access to VU meters

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Parasound Appoints Final Link as Its Distributor for Australia & New Zealand

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Parasound JC1 designed by John Curl

Parasound has appointed Final Link Audio of Melbourne, Australia as its distributor for all of Australia and New Zealand. Final Link will offer all Parasound models, including their famous John Curl-engineered models.

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Will Sonos Ace Help the Company Return Its Business to Growth?

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Sonos launches new Sonos Ace headphones

Sonos, Inc. (Nasdaq: SONO) announced today the long-awaited launch of its secretive new product targeted for a “multi-billion dollar category,” as Sonos CEO Patrick Spence is wont to remind us of frequently. One of the worst-kept, leakiest of launch secrets (probably intentionally so) in the industry, the company announced a new over-the-ear wireless headphone model featuring Dolby Atmos immersive sound and active noise cancellation called Sonos Ace.

But did the company Ace the test for turning around its deteriorating financial performance?

See more on the Sonos Ace headphone

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