Strategy

If I Was an Integrator Specifying Savant, I’d Do This Immediately

June 29, 2022 by Ted Leave a Comment

more integrators are selling Savant smart energy solutions

Company’s Power Division Expands National Distribution

You may have seen the recent announcement from Savant that they have broadened the distribution of their new energy management solutions to a pair of new, strategically significant distribution partners. You may have ignored this news, perhaps not recognizing the distributors who are both better known in the electrical/renewable contracting communities.

But if you are an integrator who specifies Savant products in your proposals, you should be really paying attention to what this company is doing with its powerful (pun intended) energy management strategy. It’s big!

What I would do if I were an integrator selling Savant products…

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With Demand Slack & Inventory Levels Building, Samsung Cuts Procurement

June 22, 2022 by Ted Leave a Comment

Is an Industrywide Slowdown in Tech Beginning?

Samsung Electronics is taking action to hold back on procurement orders and asking suppliers for concessions, such as delayed deliveries, order reductions, and more in the wake of a concerning buildup of inventory. While the action is said to be temporary, concerns over a slowing global economy make it difficult to determine how long the company will deem these actions are necessary.

See more on Samsung’s actions to cut inventory buildup

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Like a Cat with 9-Lives, McIntosh is Once Again Acquired by a Private Equity Company

June 15, 2022 by Ted 6 Comments

Highlander Partners, L.P., a Dallas-based private equity company, announced today that it has acquired McIntosh Group, a manufacturing and distribution company that offers several high-performance, high-end audio brands such as McIntosh, Sonus Faber, and Sumiko. It also operates under Fine Sounds U.K. and Fine Sounds Benelux.

CTA Membership Now Way More Precious as Assn. Raises ’23 Dues as Much as 440%

June 8, 2022 by Ted 6 Comments

Trade Group Says It Delivers ‘Expanded Services’

The Consumer Technology Association (CTA), the organization that owns and operates the Consumer Electronics Show, has notified members that it has “changed our [dues] structure and dues.” They weren’t kidding, depending on the membership category your company falls under, along with your annual revenues, your dues may have increased greater than five-fold, starting with your 2023 dues. Ouch!

See more on CTA’s dramatic membership dues increase

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Foxconn Raises Outlook for Year, Cites Improving Supply Chain Situation

June 2, 2022 by Ted Leave a Comment

Hon Hai Precision Industry Co., better known as Foxconn, the world’s largest contract manufacturer, surprised many on Tuesday when they announced they were raising their outlook for the quarter and for the year based on what they say is improving supply chain stability in China. The company is one of the largest suppliers for many companies, including Apple, Inc.

See more on what Foxconn is seeing in the supply chain

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In Note to Dealers on Supply Chain, Crestron Says It’s in a ‘Better Position’ Than Ever

May 25, 2022 by Ted 1 Comment

For the last two and a half years, many industries have struggled with supply chain issues – especially Tech. During that period of time, I’ve heard over and over from integrators who were furious at one company or another for failing to deliver on their open orders. I’ve heard expletives hurled at pretty much every brand in the industry…including Crestron.

Now, in a letter to dealers from Crestron Chief Operating Officer Daniel Brady, dealers are being told that the company is “in a better position now than ever before.”

See more on Crestron’s letter to dealers

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Snap One Fiscal 1st Qtr Results Show Good Revenue Growth, But a Net Loss

May 19, 2022 by Ted 2 Comments

At the end of last week, Snap One Holdings Corp. released the results of their fiscal 2022 first quarter, a period which ended April 1, 2022, with comparisons to the same quarter last year, which ended on March 26, 2021. The company showed good revenue growth in the quarter but is still dealing with a net loss – albeit less of one than in 2021.

See the details on the Snap One fiscal Q1 results

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Final Curtain Falls as Main Onkyo Company Declares Bankruptcy

May 13, 2022 by Ted 17 Comments

*Onkyo system on display in Japan [PHOTO: The Nikkei]*

BREAKING NEWS

Today in Osaka District Court in Osaka, Japan, Onkyo Home Entertainment Co. Ltd. (formerly Onkyo Corp.) filed for bankruptcy ending a long and storied history of innovative audio products. The action was taken less than a month after the company declared bankruptcy for two of its major subsidiaries in April. Now, the parent company has fallen as well…

See more on the Onkyo bankruptcy…

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Tech Takes a Trillion-Dollar Thumping

May 11, 2022 by Ted Leave a Comment

We’re ‘…Experiencing a Seismic Shift’ Says Uber CEO

More and more evidence continues to emerge suggesting that the economy is undergoing a fundamental shift, a turn if you will, that will at least slow economic growth – and may lead to recession. Perhaps the clearest indicator of that is the turn taken by tech, which has lost a trillion dollars in value in just three days of trading on the stock market. For the last two-plus years, tech was the driving force behind a dramatic economic expansion during the pandemic. What is happening now?

See more on what is happening with Tech

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Savant Powers Up Their Smart Energy Solutions, Putting Them Years Ahead of Others

May 5, 2022 by Ted Leave a Comment

‘Energy is the Next Big Frontier in Terms of Smart’

Savant offered industry media a presentation revealing their vision of the deep integration of energy sources (and uses) into a fully-fledged, well-thought-out, total smart home system. To drive the industry towards this future, Savant’s vision is expansive, intelligent, and in my mind, pretty exciting. It starts with a foundation of power and how to make it smarter.

Below, you’ll find some of the key highlights of Savant’s plans for smart energy.

More on Savant’s smart energy solutions

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Strategy

If I Was an Integrator Specifying Savant, I’d Do This Immediately

Company’s Power Division Expands National Distribution

What I would do if I were an integrator selling Savant products…

With Demand Slack & Inventory Levels Building, Samsung Cuts Procurement

Is an Industrywide Slowdown in Tech Beginning?

See more on Samsung’s actions to cut inventory buildup

Like a Cat with 9-Lives, McIntosh is Once Again Acquired by a Private Equity Company

Read more on the latest change of hands for McIntosh Group

CTA Membership Now Way More Precious as Assn. Raises ’23 Dues as Much as 440%

Trade Group Says It Delivers ‘Expanded Services’

See more on CTA’s dramatic membership dues increase

Foxconn Raises Outlook for Year, Cites Improving Supply Chain Situation

See more on what Foxconn is seeing in the supply chain