In yet another sign of the decline of a once seemingly invincible technological powerhouse, shares in Sony Corp. in Tokyo closed Monday below ¥1,000 ($12.76) per share – setting a disturbing new record low. The last time the stock was this low was August 1, 1980 – 32 years ago. The press in Japan took notice and newspapers couldn’t help but point to the development as a symbol of an industry slump that is changing the world’s view of Japan’s technological prowess.
Why do analysts think this happened?…
[Read more…] about New Symbol of Sony’s Suffering – Stock Drops to Lowest Level in 32 Years
Even by late-May’s standards, it was an unusually hot and humid day this week as a major contingent of the tech press gathered up in Mahwah, New Jersey at the weirdest looking Sheraton you’ve ever seen – more rocket ship than hotel. We were summoned to a press presentation by D&M Holdings that promised to be more significant than those in the past. Little did we know that the heat of the day was presaging the hot presentation that was the subject of our gathering!
At a major press event in New Jersey Tuesday, Denon announced a new company name, a new logo, newly restructured operations…and an imperative to create new products and expand into new markets. Technically, Denon has been in the headphone business for a while. But as part of a new more aggressive marketing strategy – the company has launched an all-new line of headphones designed for specific and tightly defined consumer segments. But wait…as infomercials and headphone product manager Petro Shimonishi liked to say…there’s more.
