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Large Exhibitors Pull Out of CES 2022 Due to Increasing COVID Infections

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Photo of CES show floor

BREAKING NEWS> Amazon, T-Mobile, Facebook, Twitter, & More Pull Out of CES 2022

**SEE BELOW FOR STORY UPDATE** – On Tuesday, several large exhibitors independently announced that they would be pulling out of the Consumer Electronics Show (CES), scheduled to start the week-after-next in Las Vegas, NV. The reason given for these pull-outs was the rapidly spreading COVID-19 infections due to the emerging hyper-infectious Omicron variant. Major brands, such as Amazon, Meta Platforms (Facebook), T-Mobile and more said the rapidly changing COVID situation caused them to consider the safety of their teams and other attendees of CES 2022 – a major indoor event.

See more on this exodus from CES 2022…

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Today in Malaysia, Intel CEO Warns Chip Shortage Will Last to 2023

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Intel CEO Pat Gelsinger at press conference in Malaysia with government official

Speaking at a press conference in Malaysia today, Intel CEO Pat Gelsinger said that the global chip shortage will last until 2023. Gelsinger pointed to the fact that demand keeps expanding, even as the industry struggles to bring more production online to fill the demand.

See more on how Intel sees supply chain issues continuing

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Part 2 of Strata-gee Interview with New Crestron CEO Dan Feldstein

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Photo of Dan Feldstein, new CEO of Crestron

Supply Chain, CEO Role, Going Public, a Better Partner

Last week I wrote about my opportunity to attend the inaugural Creston Next Road Trip in Boston in November. One of the most interesting parts of that experience was having the opportunity to interview new Crestron CEO Dan Feldstein. Crestron, one of the biggest players in the custom integration game, was founded by Dan’s father, George Feldstein (who passed away in 2014) and I was interested in learning more about how the new CEO saw the world and his top priorities and opportunities for the company.

In this Part 2 of that interview, we learn how the company is dealing with the industry-bedeviling supply chain issues, why it will never go public, how Dan views the CEO’s role, and how the company seeks to be a better business partner.

See Part 2 of my interview with Crestron CEO Dan Feldstein

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Branding Lesson: Surprise Kit Kat Tweet Praises Twix; What Happens Next?

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Nestle Kit Kat logo used as part of a branding study

The conventional wisdom of branding says that you never mention your competitors in your marketing – it only serves to promote them. Less professional companies have sales and marketing teams that go one step further by publicly or privately criticizing their competitors!

Which is better? Complement or criticize your competitors? New research holds what might be a surprising answer!

Should you be naughty or nice to competitors? Read on…

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Snap One: What May Be Its Greatest Invention Yet

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Snap One meeting with Ted Green of Strata-gee

A Strata-gee Exclusive Report

In a special presentation to Strata-gee, Snap One educators Rus Rassmussen and Shayne Larsen shared with me the company’s latest revamped educational initiative designed to better educate integrators by improving comprehension and retention. This program, created and designed by the company’s education team, is now beginning to roll out and is impressive in scope, style, and design – it just may be Snap One’s greatest invention yet.

See all the details on this impressive education initiative from Snap One…

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Top Factors to Consider As You Ponder Your 2022 Plans

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By now many of us are deep in our planning for 2022. What factors should you consider as you think about the business conditions you face next year? Will 2022 be more of the same as 2021? Or will trends be more negative…or more positive?

Here are some factors you should consider

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Snap One Sees Q3 Revenues Increase Thanks to Price Increase & More Dealers

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But a 57% Increase in SG&A Expenses Swung the Quarter to a Net Loss

Snap One Holdings Corp. (NASDAQ: SNPO) announced the results for its fiscal 2021 third quarter last week and said that thanks in part to an August 2021 price increase and continued expansion of its dealer base, the company booked a substantial revenue increase to $260.7 million, or 15% higher than the same quarter the year before. However, the company additionally reported a net loss of -$21.5 million, way below the net income of $1.4 million in the quarter last year, due to a significant increase in SG&A expenses.

See more on the Snap One 3rd quarter results

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Residential Tech Today Podcast Features… Ahh…Me, Ted Green!

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Residential Tech Today podcast with Ted Green and Jeremy Glowacki

Residential Tech Today Editor Jeremy Glowacki interviewed Ted Green – yeah, that’s me – for their podcast which is available in both audio-only or audio/video formats. What a weird experience it was for me! I’m used to being the questioner…not the questioned. Especially when you consider the fact that Jeremy and I are friends and talk frequently about everything from the business to family and friends – it was strange when he invited me to be on the podcast and shifted into professional editor mode.

And, he asked real questions – such as why Strata-gee can sometimes be controversial and how I came to this role.

See more on what Jeremy asked during my appearance on Residential Tech Today

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CEDIA 2019 IRS Filing Reveals a $3.7M Deficit; Org Dubs It a Transitional Year

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A past CEDIA Expo
A past CEDIA Expo, now owned by Emerald Expositions

CEDIA recently filed their Form 990 with the IRS – a required filing by non-profits disclosing key financial data – and for the first time in a while, I found some interesting and somewhat confusing things in there. Yes, I obtain the organization’s 990 filings every year just to get a sense of how things are going. Like all of us, the organization is filing for, at best, the previous year and often they request and receive an extension. Hence, we are just now getting a glimpse of their 2019 results…and it was an eye-opener.

See what the CEDIA interim co-CEOs told me about 2019

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New Vanco Introduction Powers Up Your Assortment, Client Satisfaction & Profits

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I recently became aware of the fact that Vanco, the Chicago-based manufacturer of a broad range of mostly accessory products had decided to become a master distributor for a product category that we all need, we all use, and yet to which we pay little attention. It is in this reality, Vanco’s President Mark Corbin tells me, that there lies a tremendous opportunity to better serve our customers and to add meaningful profit to our financials.

See this Vanco solution…

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