Indianapolis, IN-based CEDIA announced this week that it will build a new headquarters building in the neighboring town of Fishers, IN, after “more than 18 months of research, financial analyses, and due diligence.” This new “global headquarters” is the “best solution” as determined by the “CEDIA Board.” The announcement projected the project will cost $13.7 million.
News
CEDIA Refuses All Strata-gee Interviews; New Process Invoked
Another Troubling Hit to Transparency
In a disturbing sign of a further retreat from transparency, CEDIA has notified Strata-gee that it will no longer accept any interviews. This policy appears to apply only to Strata-gee, and no reason was given…at least initially.
Will this new policy inhibit Strata-gee’s ability to cover CEDIA? Read on… [Read more…] about CEDIA Refuses All Strata-gee Interviews; New Process Invoked
Builder Offers World’s First Wi-Fi Certified Smart Home w/Alexa
Lennar Corporation, one of the nation’s largest builders of homes, announced today the world’s first Wi-Fi Certified home designs featuring home automation built-in and voice control by Amazon Alexa. The company says this new program is part of its Everything’s Included approach to home building.
See more about Lennar’s plan to build homes with voice-controlled automation included… [Read more…] about Builder Offers World’s First Wi-Fi Certified Smart Home w/Alexa
AVAD Expands Locations and Vendors
AVAD LLC, a leading distributor of custom integration brands, announced this week a dramatic expansion of their business – including no fewer than 11 new facility locations and the addition of Séura, a popular brand of outdoor televisions to their brand assortment. The news suggests an acceleration of their rollout of a new business model that they described in the middle of last year after the company was purchased from Tianjin by Kingswood Capital Management.
See more on this continued expansion by AVAD… [Read more…] about AVAD Expands Locations and Vendors
Savant Launches New Line of Touch Screens
Savant Systems, LLC, a leading controls systems manufacturer for the custom integration industry, announced this week it is launching a all-new line of touch screens it calls “Wally.” This new Wally lineup offers consumers easy access to their climate, lighting, and entertainment systems with a simple touch of the finger.
See more on the Savant Wally touch screen… [Read more…] about Savant Launches New Line of Touch Screens
LG Targets Home Cinema with ProBeam Compact Laser Projector
LG Electronics announced this week an interesting new compact laser projector targeted at the home cinema enthusiast. Although quite affordable, this light and compact projector – called the LG ProBeam – features some very cool technology and features sure to delight residential movie fans.
Check out the LG’s new ProBeam… [Read more…] about LG Targets Home Cinema with ProBeam Compact Laser Projector
CES 2018 to Feature Smart City Technology
The Consumer Technology Association (CTA) announced this week that at its upcoming Consumer Electronics Show (CES) in January 2018 in Las Vegas, there will be a new area of focus on Smart City technologies. The group plans both a dedicated display space featuring the technologies of Smart Cities, as well as a full schedule of related conference programming.
See more on this new area of technology at CES… [Read more…] about CES 2018 to Feature Smart City Technology
Another Departure from CEDIA – VP Ron Fleming is Out
BREAKING NEWS
Only a matter of days after the announcement of Vin Bruno’s resignation as CEDIA CEO, and a few weeks after a 15% headquarters staff reduction, we now learn that Ron Fleming, CEDIA VP of Business Development is out in what appears to be a major reorganization at the industry trade group. The news went out earlier today in the form of an email from COO and interim CEO Tabatha O’Connor to exhibitors.
See more on this still-evolving story… [Read more…] about Another Departure from CEDIA – VP Ron Fleming is Out
Sony CEO Predicts 20-Yr High Op. Profit; Says Co. Needs More Innovation
Sony CEO Kazuo Hirai is feeling pretty good these days. After an incredibly tough turnaround period where many questioned his plan, Hirai said this week that the company expects to book an operating profit of ¥500 billion ($4.5 billion) in the fiscal year ending March 2018, its highest operating profit in 20-years according to a report by the Nikkei. But the CEO admits that, as good as this news is, the company is still short of a full turnaround.
What’s needed for a complete turnaround of Sony’s business? Innovation…
See more on what Sony’s CEO says the company needs to do… [Read more…] about Sony CEO Predicts 20-Yr High Op. Profit; Says Co. Needs More Innovation
HARD TIME: Vann’s Ex-CEO Gets 5+ Years in Federal Prison
Judge: ‘…Arrogance, That Defies Explanation’
In February, we reported that George Leslie Manlove was convicted on approximately 170 out of a total of 200 Federal felony counts stemming from his tenure as CEO of the now-defunct Vann’s Electronics & Appliances in Montana. A few days ago, Manlove learned his fate in the form of a sentence from U.S. District Court Chief Judge Dana Christensen, and it wasn’t a pretty picture. Manlove has been ordered to serve a sentence of more than 5 years in a Federal Penitentiary.
