Strategy in TECH...
Last Thursday, Onkyo notified the Tokyo Stock Exchange that its latest forecast for fiscal 2021 results shows that – despite their best efforts – the company remains insolvent. It was a disappointing announcement, as it means that the company’s well thought-out plans to return to solvency failed. So what happens now?
Melrose Industries Plc has announced that their financial results for fiscal 2020 and it wasn’t pretty. The company swung to a net loss on lower revenues. They said this was mostly due to the Coronavirus pandemic’s massive impact on its GKN Aerospace division. To streamline operations and raise cash, Melrose told the press that it has again put Nortek up for sale.
Late last week, multiple news services reported that US President Joe Biden has signed an executive order directing a “broad review” of the supply chains for critical materials – critical materials that include, by the way, semiconductors. The fact is, this might not end well for Tech…
With 2020 rapidly disappearing into our rearview mirror, it’s always good to take a moment during the holidays and reflect on the year that just transpired. A year is a long time and a lot happens.
Also, as a content creator it is good to look back at those stories that seemed to resonate with most readers as I seek to constantly refine my editorial targets to better match the interests of readers. One way I do that is to put together an end of year list of the Top Ten Most Read Stories. Let’s look at those together – were these your favorites as well?
A few months ago, I unexpectedly became unemployed. There had been occasions in my career when it was clear that I needed to get the hell out of Dodge —but this wasn’t one of them.
A new job would not appear overnight; that was obvious. I was up to my ears in fearful self-absorption.
Then things changed…and the world was in upheaval.
OK…I don’t want to overstate this, but over the last few years, integration industry giants Crestron and Lutron have been…shall we say…a little competitive with each other. Maybe not directly so, but certainly there have been skirmishes over several lines of products. Over time, the two companies’ line extensions have been progressively encroaching more and more into each other’s territory.
Well, that’s over now, as Creston announced last week that it has forged “an alliance” with Lutron – integrating several of the lighting company’s products into the Crestron Home ecosystem. Dealers who sell both brands are undoubtedly rejoicing – Hallelujah! Peace has come!
I’ve been saying for a while now that really, really tough economic data was coming. Even though it was obvious to many of us that the economy was crashing – thanks to COVID-19 – it takes time for backward-looking statistics to catch up. Well, now they’re starting to catch up and with overall residential housing construction starts dropping an eye-popping 30.2% in April…they are ugly.
But read on to see why one piece of data seems to suggest that a housing turnaround make be lurking in the near future – or is even already here…
Saying they are putting “Health and Safety first,” IFA announces they have received the appropriate government approvals to hold a live, in-person trade show event in Berlin this coming September. The announcement was a dramatic departure from their previous announcement in April cancelling this very event. But will anyone choose to attend?
A relatively large number of readers and industry sources have reached out to Strata-gee with word of cutbacks and layoffs at various industry brands – as the impact of coronavirus (COVID-19) takes its toll on the U.S. economy. As was reported in a post just a few days ago, jobless claims jumped dramatically – by 33% in just one month – only to be exceeded a few days later by a massive jump in claims of 3 million more unemployed workers.
New research conducted this month shows another major impact of COVID-19 Coronavirus – the crash of consumer sentiment. A statistically significant survey of a representative sample of all Americans has reached concerning conclusions about consumer sentiment now and likely to prevail for months after the COVID-19 crisis passes.
