Surprising news out of South Korea reported just today – Samsung Electronics CEO and Vice Chairman Han Jong-hee died on Tuesday morning of cardiac arrest, the company confirmed. He was just 63 years old.
Samsung CEO Suddenly Dies of Heart Attack
News
Is Sonos Adrift and Directionless? Or On the Right Track?
Recent developments and reporting within the last week seem to suggest that Sonos, Inc. (Nasdaq: SONO) is adrift and directionless as its new Interim CEO tries to right the ship. It has even canceled its next big product introduction. Is the company flailing? Or is it finally getting its act together?
See more on the recent Sonos reporting…
[Read more…] about Is Sonos Adrift and Directionless? Or On the Right Track?More Red Flags as Sliding Consumer Sentiment & Spending Hit Economy
More signs of a potential downturn in the economy are emerging almost every day now, causing red flag warnings to be popping up just about everywhere. The fact that there are multiple warning signs that come from different sources tends to reinforce the general thinking that the U.S. economy is quickly entering the danger zone.
See the red flags impacting the economy that have emerged since my last report
[Read more…] about More Red Flags as Sliding Consumer Sentiment & Spending Hit EconomySeeking to Replace the Loss of ProSource, Premium Audio Company Turns to NATM
Premium Audio Company (PAC), a subsidiary of Voxx International Corporation (Nasdaq: VOXX) and soon to be a subsidiary of Gentex Corp. (Nasdaq: GNTX), announced that it is entering into a “strategic partnership” with the National Alliance of Trade Merchants (NATM). PAC calls NATM “a leading national buying co-op of top independent retailers in the United States.” The move appears to be a pretty transparent effort to replace sales volume lost when major buying group ProSource dropped all PAC brands from its list of supported products.
Is this new partnership a good alternative? Read on…
See more on Premium Audio Company partnering with NATM
[Read more…] about Seeking to Replace the Loss of ProSource, Premium Audio Company Turns to NATMSony Donates $7.5 Million to NYU to Create the Sony Audio Institute
On Tuesday, New York University (NYU) and Sony Corporation announced a new partnership to establish the Sony Audio Institute, which is “…a multifaceted partnership at NYU’s Steinhardt School of Culture, Education and Human Development.” Sony has donated $7.5 million to create the institute, which is expected to launch this spring.
See more on the new Sony Audio Institute at NYU
[Read more…] about Sony Donates $7.5 Million to NYU to Create the Sony Audio InstituteMaking History: Sony Names Lin Tao as CFO, The First Woman to Ever Hold the Position
There is a major shakeup in the executive management team at Sony Group that will take effect at the beginning of the next fiscal year, which, as is true for most Japanese companies, starts on April 1, 2025. These are big changes to important roles, including Chief Executive Officer, Chief Financial Officer, and President.
But the change that most Sony employees are buzzing about is the person that was named as its new CFO.
See more on the new Sony CFO and why this appointment is so epic
[Read more…] about Making History: Sony Names Lin Tao as CFO, The First Woman to Ever Hold the PositionStorm Clouds are Gathering Over the U.S. Economy as Tariffs Take Effect
No doubt about it, for the last few weeks, storm clouds have been gathering as many are seeing a darkening outlook for the U.S. economy. In just the last few days, three key pieces of data – red flags, really – suggest we all need to be vigilant in tracking where the economy is headed. These three pieces of data include: 1) another consumer survey showing eroding confidence; 2) key retailers warning of slowing sales from tariff increases; and 3) a new Fed estimation that the GDP will contract -2.8% in the first quarter of 2025.
See more on the gathering economic storm clouds
[Read more…] about Storm Clouds are Gathering Over the U.S. Economy as Tariffs Take EffectInvestigation Launched into Alleged Securities Fraud Claims Against Sonos
Pomerantz Law has announced it is launching an investigation of Sonos, Inc (Nasdaq: SONO) on behalf of investors. The firm says that this action is being taken to investigate claims surrounding the company’s handling of its 2024 app disaster and whether certain Sonos officers and/or directors “have engaged in securities fraud or other unlawful business practices.”
See more on this investigation of Sonos
[Read more…] about Investigation Launched into Alleged Securities Fraud Claims Against SonosWalt Zerbe Leaves CEDIA to Join Perlisten Audio as Director of Global Business
In an announcement seen on LinkedIn, Perlisten Audio announced that it has appointed Walt Zerbe as its new Director of Global Business. Prior to joining Perlisten, Zerbe was with the CEDIA trade association as its Senior Director of Technology and Standards.
Learn more about Walt Zerbe and Perlisten Audio
[Read more…] about Walt Zerbe Leaves CEDIA to Join Perlisten Audio as Director of Global BusinessMasimo Reports 4th Quarter & Full Year 2024 Results and Investors Like It
Sound United ‘in the Later Stages of the Process’ of Divestment
On Tuesday, after the close of financial markets, Masimo Corporation (Nasdaq: MASI) announced its financial performance for the fourth quarter and full year of Fiscal 2024. Consolidated revenues grew a mere 2%, and the company booked a net loss of $304.9 million. And yet, investors were thrilled, driving up the value of shares of MASI stock by a double-digit percentage on the first trading day after the announcement.
What?!?!
