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On Eve of Trial, Savant & Crestron Settle Lawsuit

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BREAKING NEWS

Savant logoWe’ve learned today that the long running legal battle between automation giants Savant Systems and Crestron Electronics has been settled on the eve of the case going to trial. The suit was originally filed in September 2010 by Savant Systems, LLC, which alleged that Crestron Electronics, Inc. had – amongst other things – engaged in a variety of anti-competitive and  unfair trade practices. Crestron denied Savant’s allegations and launched their own countersuit alleging that Savant had – amongst other things – engaged in tortious interference with contractual relations; and, unfair & deceptive acts in the conduct of trade.

Scheduled to go to trial in January, the parties have now settled the matter… [Read more…] about On Eve of Trial, Savant & Crestron Settle Lawsuit

Apple to Set Up Its First R&D Facility Outside of US

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Announcement Met with Mixture of Pride…and Concern

Apple Headquarters

Apple, Inc. has announced that it will open its first research and development facility outside of the United States and it has chosen Japan as the location for the center. The announcement was reported by the Nikkei and has been met with a combination of national pride…and corporate concerns.

See more on Apple’s new plans for their R&D facility in Japan… [Read more…] about Apple to Set Up Its First R&D Facility Outside of US

Thiel Says It Will Introduce New TT1 Speaker System at CES

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New Thiel logo black backgroundThiel Audio announced this week that it will introduce a new loudspeaker system – the TT1 – at the upcoming Consumer Electronics Show (CES) in Las Vegas in January. Calling it an “ultimate performance three-way loudspeaker,” the announcement is the first major launch since the current management team was put in place earlier this year.

But, the TTI was not a total surprise… [Read more…] about Thiel Says It Will Introduce New TT1 Speaker System at CES

ProSource Adds Origin Acoustics to Its Mix

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ProSource LogoProSource, a retail buying group that describes themselves as the biggest integration, audio, and video buying group in the country, said this week that it has added Origin Acoustics – an all-new company – to its product line-up. According to ProSource, Origin has chosen them as its “exclusive buying group.”

See why ProSource hails this relationship… [Read more…] about ProSource Adds Origin Acoustics to Its Mix

Economy Falling into Recession, Moody’s Cuts Japan’s Credit Rating

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Moody's InvestorSaying that there is “rising uncertainty” with regards to the country’s debt situation, Moody’s has cut Japan’s credit rating. Yet another indicator of fundamental problems in one of the world’s most powerful economies, Japan’s problems go well beyond its dramatically changing TECH industry.

See more on this surprising downgrade and what it means… [Read more…] about Economy Falling into Recession, Moody’s Cuts Japan’s Credit Rating

One Week Later, DOW Electronics Expands CI Assortment with Select Lutron Products

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Lutron logoAbout a week ago, we told you that DOW Electronics announced it was expanding its custom integration-oriented (CI) offerings by adding Logitech’s Harmony remote control line. Now, just one week later, the Southeast-region distributor announces new a partnership with CI cornerstone line Lutron on its wireless Caséta line.

See more on yet another CI-line acquisition by DOW… [Read more…] about One Week Later, DOW Electronics Expands CI Assortment with Select Lutron Products

Having Dumped Everything Else, Pioneer Makes Plans to Dominate Car Electronics

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About the AV biz? Hoping Onkyo Keeps the Pioneer Name…

Photo of Pioneer President
Susumu Kotani, President
Pioneer Corporation

In a revealing interview with the Nikkei in Tokyo, Pioneer Corp. President Susumu Kotani said that Pioneer – after spending several months selling off all of its divisions other than automotive – is considering resorting to acquisitions in order to build a dominant position within its chosen market. A radical shift after months of divestiture, he makes clear that the company is preparing to move to offense, in order to build a new – and expanded – future.

See more on the company’s plans – including just what areas Pioneer is considering entering… [Read more…] about Having Dumped Everything Else, Pioneer Makes Plans to Dominate Car Electronics

Sennheiser Launches Its Own Retail Stores, At Least Temporarily

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Sennheiser logoThe Sennheiser Group, a well-known manufacturer of headphones, microphones and wireless transmission systems, launched two “pop-up” stores – one in New York and another in San Francisco – this past weekend. Their purpose? To showcase Sennheiser products and to highlight its “efforts to increase consumer awareness on the benefits of premium sound.”

See more on Sennheiser’s foray into retail this holiday season… [Read more…] about Sennheiser Launches Its Own Retail Stores, At Least Temporarily

SVS Hires Director of Global Sales

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SVS logoSVS, a brand that markets its line of speakers and subwoofers both direct-to-consumers and through retailers, announced today that it has hired Walter R. Schofield as its new Director of Global Sales. The company says the appointment is effective immediately.

See more on Schofield and SVS… [Read more…] about SVS Hires Director of Global Sales

Despite Revenue Decline, JVC Kenwood Cuts Losses as Restructuring Takes Hold

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JVC Kenwood logoJVC Kenwood Corp., the troubled consolidation of two struggling Japanese brands, seems to have turned a corner despite reporting fiscal Q2 and first half revenue declines and continuing losses. The company, which in January surprised many by announcing its decision to withdraw from the consumer electronics business to focus on B-to-B business, announced with pride that – although still showing a loss – the company has seen solid improvement in profits with dramatically reduced losses.

See more on this huge company in a big transition… [Read more…] about Despite Revenue Decline, JVC Kenwood Cuts Losses as Restructuring Takes Hold