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CEDIA Admits Membership Declined in 2018

December 6, 2018 by Ted 1 Comment

‘We Do Anticipate Membership Will Be Down in 2018’

cedia logoLast week, I posted an extensive report on CEDIA’s annual State-of-the-Association presentation which took place last month via a webinar for members. Certain staff and board members offered a long and detailed presentation on the many aspects of the Association’s activities in 2018. As I said then, it at times felt more like a sales pitch, than a report to members, but nonetheless they did have much to talk about.

However, my antenna went up when a chart of the number of members was shown, seeming to indicate a signficant decline. I followed up with CEDIA after the presentation for clarification – and now we know – CEDIA membership has most likely declined in 2018.

See what I learned about the state of CEDIA membership in 2018… [Read more…] about CEDIA Admits Membership Declined in 2018

Filed Under: Associations, News, Strategy Tagged With: CEDIA, CEDIA Expo, Cris Pyle

Monster Sales Declines & Losses Continue

November 29, 2018 by Ted 2 Comments

Sales Drop 30% But Losses Narrow in Recent Fiscal Quarter Report

Monster logoMonster Products Inc. (formerly Monster Cable) filed their latest quarterly results with the SEC showing that sales for their fiscal quarter ending June 30, 2018 declined to $9.1 million or 30.3% below the $13.1 million booked in the same quarter a year earlier. However, thanks to aggressive cost cutting, the company’s net loss narrowed to ($6.9 million) in the quarter as compared to a net loss of ($7.3 million) in the same period last year.

Monster’s declines continue, although at a slowing pace… [Read more…] about Monster Sales Declines & Losses Continue

Filed Under: Brands, Financial, News, Strategy Tagged With: Monster, Monster Cable, Monster Products, Noel Lee

Troubling Sign: New Home Sales Resume Their Decline

November 29, 2018 by Ted 7 Comments

Economic Storm Clouds Continue to Build

Photo of home under constructionIn what many feel is yet another sign of a brewing economic storm, sales of new single-family homes in October showed a significant drop of 8.9% below the rate of home sales in September, according to new data from the United States Census Bureau. With this result, the inventory of new homes available for sale jumped to 7.4-months, a 14% jump in unsold newly constructed homes.

See more on this troubling report on housing… [Read more…] about Troubling Sign: New Home Sales Resume Their Decline

Filed Under: Economic Trends, News, Statistics Tagged With: housing, new home sales, residential housing

Japanese Startup to Disrupt U.S. Residential Construction Market

November 21, 2018 by Ted Leave a Comment

Photo of Takeshi HommaAs you head home from work today, take a look around you at the other commuters on the road. All around you are Toyotas, Hondas, Nissans, Suburus and the like. These are all signs of the incredible success Japan has has penetrating the U.S. automobile market – taking significant market share away from the once dominant Big Three American auto makers, GM, Ford, and Dodge/Chrysler many years ago.

Can Japan do it again? Are builders D.R. Horton, Lennar, PulteGroup, K.B. Homes at risk of the same loss of market share? If Takeshi Homma (pictured here) is successful, he hopes to help Japanese companies take a big bite of the American homebuilding market.

See this bold plan to bring Japanese companies into American homebuilding… [Read more…] about Japanese Startup to Disrupt U.S. Residential Construction Market

Filed Under: Asian Connection, Manufacturers, News, People, Strategy Tagged With: home construction, homebuilders, homebuilding, Homma, housing starts

Klipsch Black Friday Proceeds to Aid Cancer Patients

November 20, 2018 by Ted Leave a Comment

Klipsch logoKlipsch is doing something good with a portion of their anticipated increased holiday website revenues during the upcoming Black Friday to Giving Tuesday time period. The company will donate a portion of their proceeds to The Autumn Leaves Project – a nonprofit organization that is dedicated to aiding those who are battling one of the deadliest illnesses known, pancreatic cancer.

Read more about Klipsch using Black Friday for this charitable purpose… [Read more…] about Klipsch Black Friday Proceeds to Aid Cancer Patients

Filed Under: Charity, Manufacturers, News, Strategy Tagged With: Butch Walker, Klipsch, The Autumn Leaves Project

Fake News…Anchors? China Unveils AI News Anchors

November 14, 2018 by Ted Leave a Comment

Virtual AI news anchor

The Chinese government has targeted artificial intelligence (AI) as a technology they want to dominate globally. They are pouring billions of dollars annually into AI development and directing universities to focus on the technology in all of their fundamental research.

Now, in the first public demonstration of their progress in AI technology, the state-run Xinhua News Agency has introduced and demonstrated a pair of virtual news anchors or avatars based on two known Chinese flesh-and-blood reporters.

See more on China’s new virtual news anchors using AI to read the news… [Read more…] about Fake News…Anchors? China Unveils AI News Anchors

Filed Under: Asian Connection, Associations, Industry Trends, News, Shows & Events, Tech Trends Tagged With: AI, artificial intelligence, China, virtual reality

Bowers & Wilkins Restructures in Support of R&D

November 14, 2018 by Ted Leave a Comment

Photo of B&W's Gregory Lee
B&W CEO Lee

Bowers & Wilkins (B&W) announced today it has restructured its company in order to further its research and development initiatives. In a brief announcement, only four paragraphs long, new CEO Gregory Lee (former CEO of Samsung North America) said a new, larger research facility will open in 2019.

See more on this announcement from Bowers & Wilkins… [Read more…] about Bowers & Wilkins Restructures in Support of R&D

Filed Under: Management, Manufacturers, News, People, Strategy Tagged With: B&W, Bowers & Wilkins, EVA Automation, Gideon Yu, Gregory Lee, Samsung

Foxconn’s Double Dose of Bad News

November 14, 2018 by Ted Leave a Comment

A Negative Financial Report & a New Wisconsin Governor Add to Headaches

No doubt about it, Apple Inc. supplier Foxconn has had a really bad week. First, last Tuesday Wisconsin voters kicked Republican Governor Scott Walker out of office, replacing him with Democrat Tony Evers. Then early this week, the company released financial results with disappointing earnings that missed analysts estimates. Both of these unrelated events have combined to cause market analysts to question the company’s strategy going forward.

See more on what these events mean bad news for Foxconn… [Read more…] about Foxconn’s Double Dose of Bad News

Filed Under: Asian Connection, Financial, Manufacturers, News, People, Pivot Point, Strategy Tagged With: Donald Trump, factory, Foxconn, Hon Hai Precision Industry Co., Scott Walker, Terry Gou, Tony Evers

Expanding Local Presence, SnapAV Acquires Volutone

November 13, 2018 by Ted 2 Comments

BREAKING NEWS

Graphic of Volutone/SnapAVSnapAV, a leading provider of custom integration brands and products, announced today that it has acquired Volutone, a respected California-based distributor with seven locations throughout California and Nevada. The move expands SnapAV’s local touch points in a key market, a strategy that first emerged with their earlier acquisition of another large regional distributor in March of this year, Chicago’s Allnet Distributing.

See more on this dramatic advancement of SnapAV’s local strategy… [Read more…] about Expanding Local Presence, SnapAV Acquires Volutone

Filed Under: Buying Groups, Distributors, Financial, Industry Trends, News, Pivot Point, Strategy Tagged With: Allnet Distributing, AVAD, SnapAV, Volutone, Wally Whinna

Tivoli Partners Learn of a Buyout – 1 Year Later

November 8, 2018 by Ted 1 Comment

Tivoli logoWhen we last left Tivoli, the company created many years ago by Tom DeVesto who is now the CEO of Como Audio, it was 2015 and they had just been sold by one private equity company, with the help of another private equity company, to a third private equity company. Now word comes that the third private equity company, Serruya Private Equity of Toronto, which Strata-gee wrote about in June 2015, has sold Tivoli in a buyout to the company’s management in conjunction with a financial backer.

See more on the continuing Tivoli saga… [Read more…] about Tivoli Partners Learn of a Buyout – 1 Year Later

Filed Under: Asian Connection, Brands, Financial, Management, News, Strategy Tagged With: Como Audio, Paul De Pasquale, Tivoli, Tivoli Audio, Tom DeVesto

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A former dealer, manufacturer, distributor & more. Focusing on business strategy, my goal is to help you make better decisions for greater success.

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