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New Marketing VP for Core Brands Zeros in on a Key Problem

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Photo of Joe Roberts of Core Brands

Core Brands continues to rejigger its team as we mentioned in our Breaking News SYNCH earlier this week. And one major step in this process took place in September 2013 when Core Brands surprised many by announcing the appointment of Joe Roberts as its new head of marketing, replacing Paul Starkey. Two weeks later, Roberts headed to his first CEDIA ready to jump in feet first and reassure dealers of the company’s direction…and learn all about any concerns that they felt the company needed to address.

Boy…did he get an earful… [Read more…] about New Marketing VP for Core Brands Zeros in on a Key Problem

Witten & Weisenberg Out of Core Brands as Company Reorganizes Its Product Management Team

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BREAKING NEWS

Nortek's Core Brands LogoToday we learned that Core Brands has taken steps to reorganize their product marketing teams with moves both to bring in new executives – and to move two prominent executives out. Mitch Witten, former Core Brands Director of Audio, and Mark Weisenberg, Business Development, are both out of the company effective immediately.

See who is newly joining the company, or has been promoted into new roles… [Read more…] about Witten & Weisenberg Out of Core Brands as Company Reorganizes Its Product Management Team

Sony, Finally Making Its Move, Puts the Computer Biz Up for Sale; TV Biz is Next Target for Shake-Up

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Sony logo on screen at CES press presentationThe Nikkei reported this week that Sony Corp. has finally taken a bold step to reorganize its business by putting its VAIO computer division up for sale. According to the report, the company is in negotiation to offload the division to Japan Industrial Partners (JIP), a Japanese investment company.

See why this move makes sense…and why their TV division is the next target for a shake-up… [Read more…] about Sony, Finally Making Its Move, Puts the Computer Biz Up for Sale; TV Biz is Next Target for Shake-Up

With Huge Increase in Fiscal YTD Net Loss – JVC Kenwood Moves to Cut Staff & Buy a Company

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JVC Kenwood logoJVC Kenwood Corporation released their year-to-date results for the first nine months (April 1, 2013 – December 31, 2013) of the current fiscal year at the end of last week. The results clearly portrayed a company in a struggle to turn their flagging business around. Although 9-month sales showed a 2.6% increase to ¥230.3 billion ($2.3 billion), up from ¥224.5 billion ($2.2 billion) last year…the company also booked a net loss that also increased more than four-fold – from ¥1.4 billion ($13.8 million) last year to ¥5.7 billion ($55.7 million) now.

See more on both JVC Kenwood’s results…and their moves to rectify the situation… [Read more…] about With Huge Increase in Fiscal YTD Net Loss – JVC Kenwood Moves to Cut Staff & Buy a Company

Taiwan’s Foxconn Looks to Build Factories in the U.S. – Six States Compete for Selection

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Foxconn logoFoxconn Technology Group, a Taiwanese company with manufacturing plants in China, and the world’s largest manufacturer of electronics – is looking to build one or more factories here in the U.S. The company, mostly known as the primary manufacturer of Apple’s popular iPhone, is in negotiations with Arizona and Colorado, according to a report by Bloomberg. But four other states have thrown their hats into the ring as well.

See more on this turn of events, a Taiwanese company building factories in the U.S…. [Read more…] about Taiwan’s Foxconn Looks to Build Factories in the U.S. – Six States Compete for Selection

Social Media’s Buzzing about Savant Systems’ New CEO

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Savant logoSavant Systems, LLC announced on Tuesday that it has hired William J. Lynch as its new CEO. Who is Lynch, you ask? He is the ex-Barnes & Noble CEO who left there in the middle of last year. The Savant announcement surprised many as, on paper, Lynch looks like an unlikely candidate for the role.

Since the announcement, social media has buzzed about this appointment. See more… [Read more…] about Social Media’s Buzzing about Savant Systems’ New CEO

After a Short Pause, Another D+M Group Executive Leaves the Company

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BREAKING NEWS

D+M Group logoPetro Shimonishi, once Senior Global Business Team Leader of Headphones & Accessories for D+M Group, announced on Facebook today that she has left the company for a new role with a new company. The announcement clearly surprised many of her friends and colleagues, as was evidenced by their almost universal shocked reaction.

See more on this key executive departure from D&M… [Read more…] about After a Short Pause, Another D+M Group Executive Leaves the Company

Sharp Ends Production of Solar Panels at Tennessee Factory – 300 to Lose Their Jobs

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Sharp Solar logoSharp Corporation announced that it has decided to end production of solar panels at its factory in Memphis, Tennessee, the Nikkei reported today. As a result, 300 jobs will be eliminated at the facility.

See more on this unexpected announcement from Sharp… [Read more…] about Sharp Ends Production of Solar Panels at Tennessee Factory – 300 to Lose Their Jobs

Sign of the Times: App Makers Snapchat, Shutterfly & Yelp Join CEA

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Yelp logoIn an announcement that reflects the changing nature of the tech industry, the Consumer Electronics Association (CEA) announced today that app makers Snapchat, Shutterfly, and Yelp have joined the trade organization. App makers had a prominent visibility at the most recent Consumer Electronics Show and this announcement shows how software continues to make a big impact on hardware.

See what the CEA had to say about this addition to its ranks… [Read more…] about Sign of the Times: App Makers Snapchat, Shutterfly & Yelp Join CEA

JVC Kenwood Launches 1st Initiative in New, More Commercial Business Strategy

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JVC Kenwood LogoJust one day after we reported that JVC Kenwood was turning away from the Consumer Electronics business and choosing to instead pursue more commercial enterprises – the company announces its first major partnership in this new operating model. The company has partnered with Europe’s Airbus Defence and Space in a major new initiative to develop a public safety wireless broadband technology for the North American and European markets.

Learn more about the major new partnership for the company… [Read more…] about JVC Kenwood Launches 1st Initiative in New, More Commercial Business Strategy