Soundcast, a marketer of primarily wireless outdoor speaker products, announced on Tuesday that it has been acquired by Hancock Park Associates, a private equity company out of Los Angeles, with offices in Houston and Denver. The announcement says that the new owners have also appointed The OAC Group “to manage and run Soundcast.”
Manufacturers
Savant Offers App for Apple Watch
Savant, a leading home control & automation company, announced today that it is making an app available for the Apple smart watch – called, logically enough, the Savant App on Apple Watch. Since Savant is one of the only home automation companies to base their control systems on the Apple operating system, it only makes sense that they would be one of the first in the tech business to offer an Apple Watch app.
See more on Savant’s Apple Watch App… [Read more…] about Savant Offers App for Apple Watch
Sources Say Toshiba May Write-Down Profits in Past 3-Years of Financials
Last month, Toshiba Corp. warned the financial markets in Japan that they were launching an internal investigation into “possible problems” with its accounting. The stock exchange’s reaction to the announcement was swift, with the company’s stock price having its biggest one-day drop in value in more than a year. Now unnamed sources are telling the media that the company will have to restate its profits…for a three-year period.
See how hard Toshiba’s profits will be hit… [Read more…] about Sources Say Toshiba May Write-Down Profits in Past 3-Years of Financials
Report: Job Cuts at Sharp are Much Deeper & More Painful than Expected
BREAKING NEWS
“The bigger they are, the harder they fall.” This old saying will likely resonate with many Sharp Corp. employees who are about to learn that the company is planning major job cuts – far greater than originally rumored – as it tries to turn around its struggling operations and cut its losses. The company’s management – whether voluntarily or forced by their banks – seem to be finally ready to take the drastic steps necessary to make a meaningful change at the company.
See how many employees are about to lose their jobs and other measures being taken… [Read more…] about Report: Job Cuts at Sharp are Much Deeper & More Painful than Expected
ELAC Returns to N. America w/New Speakers Designed by Andrew Jones
Company Opens New S. California Design Center
German speaker manufacturer ELAC announced today that it has returned to the North American market with a new line of speakers, a new U.S. design center and – perhaps most significantly – a new Vice President of Engineering, the highly respected Andrew Jones. The company plans to launch their new ELAC Debut™ speaker line at the upcoming T.H.E. Show Newport in Irvine, CA at the end of this month.
See more on this surprising, multi-faceted announcement… [Read more…] about ELAC Returns to N. America w/New Speakers Designed by Andrew Jones
Onkyo Sets New Global Strategy Focused On Portables & Headphones
Osaka, Japan-based Onkyo Corporation says it has set a new global growth strategy that will focus on launching portable music players and headphones, thanks largely to resources it received in its acquisition of Pioneer’s home AV division. In an interview appearing in Japanese media, Onkyo President Munenori Otsuki said the world is entering “the age of portable music players.”
See more on this surprising shift of direction from a significant audio industry player… [Read more…] about Onkyo Sets New Global Strategy Focused On Portables & Headphones
Samsung Removes Its Brand Name From Smartphones Sold in Japan
Samsung Electronics has taken the unusual step of selling smartphones in Japan that do not bear the Samsung brand name. We’ve never heard of this before, but if you want a Samsung smartphone in Japan, you have to purchase a “Galaxy” smartphone.
Why has Samsung removed their brand name from smartphones sold in Japan? See more… [Read more…] about Samsung Removes Its Brand Name From Smartphones Sold in Japan
JVC Kenwood Restructuring Produces Profits, But Sales Slide Continues
JVC Kenwood Corp. released a summary of results for their fiscal year 2015, the year that ended March 31, 2015, and we continue to see positive profit results from their rather dramatic company-wide restructuring that had them abandoning many consumer categories and refocusing on more commercial enterprises. But we also see a continued and persistent slide in sales that shows no sign of slowing down.
So just how did the company fare last year? See below… [Read more…] about JVC Kenwood Restructuring Produces Profits, But Sales Slide Continues
Autonomic Announces URC Total Control Compatibility
Autonomic Controls, Inc. announced today that it has launched a driver that integrates its popular MMS-2A and MMS-5A Mirage Music Players with the URC Total Control system. Combining one of the most popular high-resolution music player & lossless streaming systems with one of the most popular control systems is bound to be a hit with integrators, AND make their lives much easier.
See more on this announcement from Autonomic… [Read more…] about Autonomic Announces URC Total Control Compatibility
Whew! First Hurdle Cleared: Banks Say They’ll Help Sharp
If you’ve been holding your breath, waiting to see what is going to happen to troubled Japanese giant Sharp Corp., you can now relax and exhale. The first significant hurdle the company faced on their race to survival appears to be cleared. Media in Japan is now reporting that Sharp’s two banks will support it through a restructuring with a ¥200 billion convertible loan.
