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Though Fiscal 2013 Results are Better Than Expected, Yamaha Replaces President

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Yamaha pianoLast week, Yamaha Corporation released its financial results for Fiscal Year 2013 (the period ending March 31, 2013) giving the stock market and financial analysts a pleasant surprise as final numbers handily beat both their February 6th revised forecast and last year’s results. Thanks to a strong fourth quarter, Yamaha hit sales for the year of ¥366.9 billion ($3.7 billion) or 2.9% more than last year’s ¥356.6 billion. Yamaha also reported increased operating income, ordinary income, and net income.

And yet, surprisingly, the company also announced it would replace its President and Representative Director at the upcoming directors meeting to be held on June 26, 2013. Why?

See more on Yamaha’s performance and the surprising reason they’ll replace their President… [Read more…] about Though Fiscal 2013 Results are Better Than Expected, Yamaha Replaces President

ACTP Launches TiO Home Automation – They Want You to Turn it On

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PrintLast month we told you about the [probably final] closing of 3vNet…the third or fourth time it – or more accurately,  its predecessor company Colorado vNet – has gone through that process. At the same time CEO Mike Anderson announced that closing, he also announced the launch of a new company called Automated Control Technology Partners – a company that he said would ultimately have a stable of brands under its control.

With this week’s announcement of the launch of Turn it On (TiO) – we have the first of these brands… [Read more…] about ACTP Launches TiO Home Automation – They Want You to Turn it On

NAD – Pulling High Performance Digital Away From the MP3 Muck

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Photo of NAD Digital Music SystemsSaying they want to move their traditional audiophile customers into the exciting new world of digital music – while at the same time offering higher sound quality solutions to attract the “digital native” computer music lover – NAD Electronics today in a press preview in New York launched three new digital audio products it calls “The New Digital Generation.” Staking out the high ground, NAD hopes to be able to offer affordable access to better quality digital music…while at the same time, offering an upgrade path to the ultimate digital system performance.

See more on this remarkable digital evolution by an upper mid-fi company… [Read more…] about NAD – Pulling High Performance Digital Away From the MP3 Muck

AudioXperts Goes Global

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EE AudioXperts logo-SmAudioXperts, a new luxury audio brand with a wide range of distinctly unique consumer solutions, announced today a major expansion in its global reach through a series of partnerships with international distributors in key markets around the world. These distributors will open new markets for the brand in a strategy that will offer their unique products to a whole new global audience – and at the same time, help scale the company’s business for greater efficiency.

See more on who these new international partners are… [Read more…] about AudioXperts Goes Global

Better Late Than Never? KEF Enters Headphone Market with New M Series

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KEF logoWell, it’s a pretty crowded business these days, but KEF, the U.K.-based company launched in 1961 by ex-BBC electrical engineer Raymond Cooke, has chosen to enter the headphone market now with two “M” series headphone models – the M500 over-ear model and the M200 in-ear model. Now over 50-years old, KEF (Kent Engineering & Foundry) has a long history as a respected loudspeaker innovator. These are, however, their first headphone designs.

See more about these two new headphone models joining the crowded headphone market… [Read more…] about Better Late Than Never? KEF Enters Headphone Market with New M Series

Layoffs Hit Panasonic Lithium Ion Battery Plant

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Photo of Panasonic Lithium Ion batteryPanasonic Corp. has laid off 20% of their workforce – or 600 employees – in its lithium ion battery operations, according to a report by the Nikkei yesterday in Osaka, Japan. The move was made in an attempt to help turn the division profitable. The company has also decided to restructure their manufacturing processes as the layoffs alone won’t likely be enough to achieve profitability.

See more on this dramatic restructuring from the struggling Japanese giant… [Read more…] about Layoffs Hit Panasonic Lithium Ion Battery Plant

WAVE Continues National Expansion with New Full Service Florida Location

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Photo of WAVE's new Dania Beach location
WAVE’s new Dania Beach, FL location

WAVE Electronics (WAVE) announced this week that it has opened a new full service warehouse location in Dania Beach, FL, which is located in the more populous southern part of the state – just north of Miami between Hollywood and Ft. Lauderdale. Part of WAVE’s continuing national roll-out, just one month ago the company opened a new full service warehouse in New Jersey. This new Florida location brings their total to 10 locations.

Learn more about the success strategy for this rapidly growing CE distributor… [Read more…] about WAVE Continues National Expansion with New Full Service Florida Location

Toshiba to Acquire R&D Assets of American LED Lighting Start-Up

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Photo of Bridgelux R&D facilityToshiba Corp., in a bid to drive its LED lighting business, said today it will acquire LED technology research and development (R&D) assets from American start-up company Bridgelux, Inc. The assets Toshiba seeks to acquire are related specifically to the R&D of the company’s white LED chips.

See more on this acquisition including how much Toshiba has agreed to pay… [Read more…] about Toshiba to Acquire R&D Assets of American LED Lighting Start-Up

Core Brands to Significantly Downsize Their Sales Rep Network

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BREAKING NEWS *EXCLUSIVE*

Nortek's Core Brands LogoJust three weeks ago, we had the opportunity to speak with Core Brands Senior Vice President of Marketing Paul Starkey, who confirmed information we had received from multiple sources about an impending announcement of significant changes in the way the company planned to go to market. Starkey confirmed much of the information we had uncovered, especially changes to systems and processes.

But regarding one major initiative we asked Starkey about – that of an extensive restructuring of its sales representative network – he was not able to confirm…at that time.

But that changed last Friday when the company told reps of a major sales force restructuring… [Read more…] about Core Brands to Significantly Downsize Their Sales Rep Network

Caught! Samsung Investigated for Placing Fake Reviews on the Web

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Photo of girl caught with hand in cookie jarSamsung Electronics Co., one of the fastest growing and most popular electronics brands in the world, is the subject of an investigation by the Taiwan Fair Trade Commission that is acting on tips it received that the company’s marketing department has allegedly been placing, or contracting for, fake reviews on the web. These reviews, which were said to be positive on Samsung products and negative on Samsung competitors, were not visibly identified as paid or sponsored reviews.

See what Samsung meant when it said this was a simple case of “insufficient understanding”… [Read more…] about Caught! Samsung Investigated for Placing Fake Reviews on the Web