Strategy in TECH...
As we perused the newswire services Monday, one release, from a New Jersey criminal defense law firm, caught our eye. Titled, “Are Your Smart Devices Betraying You?” the release was written more like a poison warning label than a news release. Your smart device, Westfield, NJ-based Stahl Criminal Defense Lawyers said, are “always on and potentially recording or transmitting.”
Recent developments have thrust Gibson Brands back into the spotlight once again – a spot that CEO Henry Juszkiewicz doesn’t particularly enjoy, unless he’s there on his own terms. But this time, two tidbits of news have conspired to bring Gibson, and their financial challenges to the fore. And as we try to digest all of this, it’s clear that Gibson is continuing to show signs of strain due to sluggish results from its aggressive diversification into consumer electronics jeopardizing its ability to deal with looming huge debt payments on the loans used to acquire CE brands.
Emotiva Audio Corp. announced today two new amplifiers that they call “variations on its configurable XPA Gen 3 modular amplifier.” The XPA-9 and XPA-11 Gen 3, one a 9-channel amplifier and the other a 11-channel amplifier, both employ the advanced performance of their X series electronics and are said to be perfect for advanced surround technologies, such as Dolby Atmos home theaters.
September housing starts, the government’s measure of new residential construction activity, showed an overall decline to a seasonally adjusted annual rate of 1,127,000 units. This rate is down 4.7% from the revised August rate of 1,183,000 units. This is the third monthly decline in a row indicating a softening in the construction of new homes – and the lowest level of construction since September 2016.
Korean media is reporting that a nasty fight has erupted in South Korea, where Samsung has uploaded a video that compares its QLED screen versus an LG OLED screen. The slickly produced comparison video allegedly shows “image retention” (commonly called burn-in over here) on the OLED screen after gamers play on both screens for twelve hours straight. LG, understandably, cries foul…
As we were first to report on Sunday, October 8th, well-known industry manufacturer sales representative Steve Zaboji was tragically killed in a plane crash the previous day (Saturday). We can now report that the Zaboji family has set the arrangements for his funeral.
We have now confirmed that at the end of the day last Friday, October 6th, the Classé headquarters facility was in fact closed by Bowers & Wilkins (B&W) for the last time and all remaining employees were dismissed. This move is a sad and sobering end to a once proud brand celebrated by many audiophiles as one of the finest performing lines of high-end electronics available.
One of the most iconic manufacturer sales representatives in the consumer electronics industry in the Mid-Atlantic territory, Steven B. Zaboji, was killed Saturday just before 2:00pm, when the Piper Pawnee aircraft he was piloting crashed shortly after releasing a glider it had towed into the sky. According to the Virginia State Police, the crash occurred near the Front Royal Airport, the airport it had taken off from, in Warren County, Virginia.
For the first time ever since the creation of the Technology & Business Summit in California some seven years ago, it comes to the Big Apple…and the big show made a big impression. Held over two days – Tuesday in Long Island; Thursday in Northern New Jersey – organizer Mark Cichowski tells us it was a huge success.
Japan Display Inc., a unique public/private partnership that was once Japan’s largest supplier of LCD panels but has been struggling of late, saw the price of shares of its stock jump as much as 24% Wednesday on news that it had developed a new lower cost manufacturing process for OLED panels. The company, which had been struggling with slackening global demand for LCD panels, will seek outside investment to pursue the opportunity provided by this new OLED manufacturing process.
