Last Week Onkyo, Now Sound United Reorganizes in Wake of Failed Acquisition Deal

For a few weeks now, I’ve been chasing a rumor that both sides of the failed Sound United acquisition of Onkyo’s branded A/V business were in the throes of a major reorganization. The rumors, it seems, were true – starting … Continue reading

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

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

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

With Loss of Two Potential Buyers, Onkyo’s Future is a Question Mark

As you most likely know by now, Onkyo Corp. and Sound United have called off their transaction which would have transferred ownership of the 73-year old Onkyo brand, as well as the Integra, Pioneer, and Pioneer Elite brands to Sound … Continue reading

CEDIA 2019: Onkyo USA Says It Will Become a Retailer of Sonos, a Distributor Too

Onkyo USA announced this week that it will become a retailer of Sonos wireless music systems – selling the company’s wireless music systems on Onkyo USA’s website. The company also says it will distribute the brand nationally as well. See … Continue reading

CEDIA 2019 – SnapAV to Distribute Sonos Wireless Music Systems Nationally

SnapAV announced today that it will begin distributing Sonos wireless music systems beginning next month in October. The company says it will offer the entire line – including the Sonos Port, Sonos Move, and Sonos One SL – as part … Continue reading

ADP Jobs Report is a Shocker, Seen as a Red Flag

On Wednesday, the country’s largest payroll processor, ADP, announced that private-sector employers hired 27,000 people in May. This number was a dramatic reversal from their report on April hiring, which said employers added a remarkable 271,000 people. Many economists and … Continue reading

Angling at Auction for a Deal on Thiel? Heed This Warning

Last week’s Strata-gee story on the final liquidation of what remains of Thiel not only drew a huge number of readers, it also sent a big chunk of them on to the auctioneer’s website (McLemore Auctions). Many of those readers … Continue reading

Apple Supplier Foxconn Hit Hard by iPhone Sales Drop

Taiwan’s GDP Declines Due to Apple Cuts Photo: Nikkei We have followed Foxconn for years now, first picking up on them in 2012 when news had emerged that a significant Apple supplier was having problems with employees committing suicide – … Continue reading