Onkyo to Slash Overall Company Headcount by 30%, Cutting Management by 50%

Also: Consolidating Facilities & Moving Headquarters It appears that the other shoe is dropping in the wake of the failed acquisition of Onkyo Corporation’s branded A/V division by Sound United last month, as the company now says it will reduce … Continue reading

In Wake of Its Acquisition by Control4, Amina Splits Off from Triad Partnership to Go It Alone

UK based Amina Technologies, manufacturer of so called “invisible speakers,” had for years been in a partnership with Triad who distributed their line. Yet in the wake of Triad’s acquisition by Control4, Amina ultimately chose to split off and go … Continue reading

Private Equity Giant Apollo Global Management Acquires Tech Data in $5.4B Buyout

Tech Data, one of the largest technology distributors in the U.S. and globally, has been acquired by Apollo Global Management, a private equity powerhouse, in a deal valued at $5.4 billion. The deal announced today, is expected to close by … Continue reading

As Recession Fears Recede, Consumers are in the Mood to Spend Big This Holiday Season

A new poll from Gallup suggests that consumers are in the mood to spend – and spend generously – at the upcoming holiday season. How much will they spend? What percentage of Americans say they’ll spend less? Or more? Read … Continue reading

Toshiba Launches Consortium of 100 Companies to Drive ‘Internet of Things’ Market

The Toshiba Corp. headquarters stands in Tokyo, Japan, on Tuesday, April 3, 2018. Photographer: Tomohiro Ohsumi/Bloomberg Toshiba Corp. announced this week that it has launched a large consortium of more than 100 companies in Japan for the purpose of creating … Continue reading

Classé to Launch New Delta Series Line in Triumphant Return to the Market

BREAKING NEWS New Delta Series Preamplifier/DAC [Click to enlarge] With almost two years away from the market after their acquisition by Sound United in January 2018, Classé says it will return to the audiophile electronics market in January 2020 with … Continue reading

The Curious Case of the Disappearance of Classé

BREAKING NEWS Acquired by Sound United Two Years Ago, Then Gone It was January 2018 when I reported that Sound United had completed its acquisition of Classé, an acquisition which had been first announced in December of 2017. In the … Continue reading

LG Smokes Q3 Forecast for Record Financial Results

LG Electronics Inc. is on a roll, as evidenced by their fiscal third quarter results. The company says it has set an all-time record for third quarter revenues while at the same time booking their best quarterly profit in a … Continue reading

Sharp & Foxconn Stiff Korean Factory Equipment Suppliers on Money Owed

Korean media is reporting that Sharp, the former Japanese powerhouse brand now owned by Taiwan’s Foxconn, is late on approximately tens or even hundreds of millions of dollars worth of payments to Korean factory gear makers. Not only are they … Continue reading