<January 4, 2012> In a surprise move, Gibson Guitar Corporation announced that it has invested in Osaka, Japan-based Onkyo Corporation as part of what it called a “strategic partnership” pursued as part of a “continued diversification into the music and audio lifestyle arena.” The company also announced that it has taken a majority interest in Onkyo’s American subsidiary, Onkyo USA Corp. [Read more…] about Gibson Guitar Buys Stake in Onkyo Corporation & Takes Control of Onkyo USA
<December 28, 2011> The Custom Electronic Design & Installation Association (CEDIA) held its annual Membership Meeting through a webinar on Tuesday with a total of 76 attendees including CEDIA members, press, and others. The meeting, conducted by CEDIA Board of Directors Chairman Randy Stearns, was remarkable both in terms of what was presented…and what wasn’t. [Read more…] about CEDIA Membership Meeting was Remarkable for What Was Said… and for What Wasn’t
<December 28, 2011> Multiple reports from The New York Times, Reuters, the Nikkei and others say that Sony Corp. has decided to pull out of its joint venture with Samsung called S-LCD Corp. Launched in 2004, the JV manufactured LCD TVs in South Korea for both partners and was Sony’s attempt to catch up with the rest of the industry after its disastrous decision to stay with analog sets as everyone else turned to flat panels. [Read more…] about Sony Decides to Stop Sleeping With the Enemy; Breaks Off Samsung Partnership
<November 30, 2011> Toshiba Corporation said today in Tokyo that it will close three of its six factories in Japan producing so-called discrete or single-function chips which are widely used in the electronics business. A very competitive part of the chip business, Toshiba has struggled to maintain profits in this division as competitors such as Samsung put downward pressure on the pricing – and profits – for these chips. [Read more…] about Toshiba to Close Three Chip Plants as Demand Slacks for TVs & PCs
<November 30, 2011> On Tuesday, Pioneer Corporation released its revised medium-term business plan designed to rebuild their sales and profits after a tough year of environmental and economic challenges including earthquakes and tsunamis in Japan and Thailand, as well as a global economic slowdown. The company also revised its forecast for the results of the current fiscal year ending March 31, 2012 showing a slightly better outcome than the last revised guidance offered. [Read more…] about Pioneer, Pummeled by Problems, Reveals Revised Recovery Plans
<November 30, 2011> Blaupunkt AudioVision GmbH & Co. KG (Blaupunkt) announced earlier this week that it was re-entering the U.S. market with a line of car audio products and – in a bit of a return to its roots – a line of in-ear and over-ear headphones. But what has not been widely reported is that Blaupunkt is also under new ownership, now under the control of German equity group Aurelius AG based in Gruenwald, Germany. [Read more…] about Blaupunkt, Under New Ownership, is Back in the U.S. with Car Audio & Headphones
<August 2, 2011> Velodyne Acoustics, Inc. (Velodyne) surprised many in the industry last week by summarily dismissing their independent sales representative force and announcing that they would begin selling Velodyne subwoofers direct to consumers via a new online ecommerce website. The webstore was already open by the time some of the sales representatives received their termination notice. [Read more…] about Velodyne Vaults into Direct-to-Consumer Sales Leaving Sales Reps Behind
<June 1, 2011> Lenbrook America Corporation President and CEO Dean Miller began with an apology. In a May 20th email communication with BEACON editor Ted Green, Miller apologized for his lack of responsiveness, saying that until he read last month’s BEACON he was unaware that attempts had been made by its editors to contact him. Miller, it seems, was on an aggressive two-week spin through Europe to attend a Tivoli event in Italy, a Munich high-end show in Germany, and finally a Lenbrook International distributor show.
See more on our interview with Lenbrook’s Dean Miller… [Read more…] about Lenbrook President & CEO Miller: On a Mad Mission? Or Simply Misunderstood?
<May 18, 2011> The specialty segment is still buzzing about the decision by Lenbrook earlier this month to hire Dean Miller and terminate their entire U.S. sales force of independent sales representatives. The story, originally run last week in the BEACON, [ See: Lenbrook Lunacy? Or Crazy Like a Fox? Market Reacts to Recent Moves ] caused an explosion of email messages and telephone calls to the ALERT’s offices and there appears to be no shortage of comments…except from Lenbrook America, who has not yet returned multiple messages left by the ALERT’s editor.
Distress and dire predictions pour in… [Read more…] about Have Tech Industry Trends Rendered Reps Irrelevant?
<May 12, 2011> The specialty market is reacting to the announcement last week that Lenbrook America has hired Dean Miller as President/CEO and will dismiss its sales representative network, its sales manager, and take the sales process direct hiring regional sales managers. And at least one of the affected representatives, Peter Dyroff of Jarmac, went public with his reaction, sending a letter to all Jarmac dealers that has virtually gone “viral” throughout the specialty industry.