Strategy in TECH...
Recently, an integrator I know goes to a trade conference. The principal hears a presentation on a new way to run his business, which is already generating a solid $5-6 Million in revenues. The presenter, a sort of business guru, is impressive and has authored a book.
On the eve of closing out their current fiscal year (fiscal 2021) on March 30, 2022, Sony Group announced their latest financial results for the first nine months of the fiscal year…and included a surprising new upgrade of their forecast, now saying they’ll have a record operating profit for the year. This was a high note for the company, a company that has benefitted from consumers spending more time at home playing video games on their PlayStation, thanks to the COVID-19 pandemic.
But the company also answered the question that many – including me – had about Sony entering the automobile business via their new Sony Mobile division – and in so doing, reiterated their plan to move away from a hardware-centric business.
In an internal email circulated to company employees on Monday, Joel Sietsema, Sound United’s Brand President of Marantz and Classé, announced a “change to the leadership structure of the Marantz and Classé organization.” That change is a big one – Dave Nauber, leader of the Classé brand for nearly 20-years, will be leaving the company at the end of March, “to pursue new opportunities.”
Snap One announced on Thursday that it has acquired Staub Electronics, a distributor based in Canada who has been the Snap One distributor there for ten years as an independent entity. Snap One says this “strategic move” will “elevate [the] partner experience in Canada.”
Multiple media outlets, including the venerable Reuters News Agency, are reporting that Samsung Electronics chartered two jets to return a total of 20 of their executives and staff who became infected with COVID-19 at CES 2022. In addition to this, South Korean health officials are reporting that a total of 70 Korean nationals – including the 20 Samsung employees – returned (or are trying to return) from CES infected by COVID.
The Custom Electronic Design & Installation Association (CEDIA) announced today that its Cabling & Infrastructure Technician (CIT) Certification has received third-party accreditation which means that it conforms with the global ISO/IEC 17024:2012, General Requirements for Bodies Operating Certification of Persons standards. This is according to the ANSI National Accreditation Board (ANAB), a subsidiary of the American National Standards Institute (ANSI), which oversaw the process that determined the CIT Certification program fully conforms with ISO/IEC 17024 global standards.
Integrated Systems Europe (ISE), a popular custom integration trade show that takes place in Barcelona, Spain, announced this week that the show managers have decided to postpone the event from its originally scheduled run of February 1-4, 2022 to now May 10-13, 2022. The reason for the postponement is due to the rapid rise of Omicron-variant COVID-19 infections in Spain as well as its impact on international travel overall.
Heading to CES 2022? Be sure to check the online version of the show schedule regularly, as Advertising Age (Ad Age) is reporting that CES has apparently removed “a slate of programs,” including several previously scheduled sessions and panels planned for Tuesday. The move is said to be a result of so many companies and executives canceling or otherwise pulling out of the show.
Strata-gee readers reached out to me on late Friday as word circulated that the Consumer Technology Association (CTA) was taking the unusual step of cutting the Consumer Electronics Show (CES) short by one day “…as an additional safety measure.” That is essentially all that an announcement from the association says about this decision, which on the face of it seems to call into question the safety of attending the event at all.
UPDATED 12/30/2021 – Scroll down for update – I reported last week that several major exhibitors, including one major event sponsor whose CEO was scheduled as a keynote presenter, had announced they would be pulling out of CES due to the meteoric rise in COVID infections resulting from the Omicron variant. Now we learn even more major exhibitors have decided to join the increasing line of brands heading for the exits from the industry’s largest tech event of the year.
