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Nortek Consolidation Continues; Creates New ‘ProAV Group’

November 19, 2012 by Ted 2 Comments

BREAKING NEWS

Nortek LogoNortek Inc. announced this morning that it has consolidated several of its brands into a new organization that they call the “ProAV Group.” Consisting of several Nortek brands that were conspicuously missing from their recently formed “Core Brands” group, the ProAV Group combines Gefen, TVOne, and Magenta Research into one consolidated group.

See more on this latest round of Nortek consolidation… [Read more…] about Nortek Consolidation Continues; Creates New ‘ProAV Group’

Filed Under: Brands, Industry Trends, Manufacturers, Marketing, News, Pivot Point, Strategy Tagged With: Aton, BlueBOLT, Core Brands, David Barnes, Elan, Furman, Gefen, Hagai Gefen, John Dace, Magenta Research, Niles, Nortek, Panamax, ProAV Group, Proficient, Sean Burke, SpeakerCraft, Sunfire, TVOne, Uri Ram, Xantech

France’s Legrand Buys NuVo Technologies

November 15, 2012 by Ted Leave a Comment

Graphic of Legrand websiteThe French conglomerate Legrand’s North American subsidiary announced today that it has purchased Hebron, Kentucky-based NuVo Technologies, LLC. NuVo, a whole house audio solutions provider will continue to run as a freestanding, independent company focusing on the home audio market according to the Legrade announcement. While the products will continue to feature the NuVo brand, the company will now operate under the auspices of Legrand’s Home Systems division.

See more about this unexpected announcement… [Read more…] about France’s Legrand Buys NuVo Technologies

Filed Under: Industry Trends, Manufacturers, Marketing, News, Pivot Point, Specialty, Strategy Tagged With: Cablofil, Electrorack, Legrand, Middle Atlantic, NuVo, On-Q, Ortronics, Pass & Seymore, UStec, Vantage, Watt Stopper, Wiremold

Sharp in Talks with Intel and Qualcomm to Receive Capital Investment

November 15, 2012 by Ted Leave a Comment

BREAKING NEWS

Graphic of Sharp's LogoAccording to multiple reports from Reuters, Nikkei and others, Sharp Corp., the troubled Japanese consumer electronics manufacturer, is in negotiations with Intel Corp. and Qualcomm Inc. about a much-needed capital investment. Sources are telling the media that Sharp may receive as much as $378 million from the companies. The news was enough to send shares of Sharp stock soaring in Japan.

See more on this surprising twist in the Sharp saga… [Read more…] about Sharp in Talks with Intel and Qualcomm to Receive Capital Investment

Filed Under: Asian Connection, Industry Trends, Manufacturers, News, Pivot Point, Strategy Tagged With: Foxconn, Hon Hai Precision Industry Co., Intel, Qualcomm, Sharp

Onkyo Forges Global ‘Strategic Collaboration’ with Imagination Technologies Group

November 15, 2012 by Ted Leave a Comment

Out of Tokyo, Japan this past Monday came word of a new global strategic collaboration between Onkyo Corporation, U.K.-based Imagination Technologies Group, and Imagination’s consumer division known as Pure. A global technology creator, Imagination Technologies Group largely focuses on multimedia, cloud, mobile, and connected audio technologies – often licensed to major consumer brands as part of their product offerings.

See more on this technology agreement…and what it portends for future Onkyo products… [Read more…] about Onkyo Forges Global ‘Strategic Collaboration’ with Imagination Technologies Group

Filed Under: Asian Connection, Brands, Industry Trends, Manufacturers, Marketing, News, Pivot Point, Strategy, Tech Trends Tagged With: Adobe, CSR, Freescale Semiconductor, Fujitsu, Google, Imagination Technologies Group, Intel, LG, Microsoft, NAVTEQ, Onkyo, Pure, Realtek, Renesas, Samsung, Sharp, Sony, Texas Instruments

Where Do Consumers Prefer to See Advertisements?

November 14, 2012 by Ted Leave a Comment

Think you know how the typical consumer – if there is such a thing – feels about advertising in our new digitally-enhanced world? You just might be surprised! For example, in today’s increasingly digital world…marketers are devoting more dollars to digital media such as websites, email marketing, paid search marketing, social media marketing, and more.

But how does traditional print and broadcast media fit into our new digital marketing world?… [Read more…] about Where Do Consumers Prefer to See Advertisements?

Filed Under: Consumer Trends, Marketing, Research, Strategy, Survey Tagged With: Adobe, eMarketer

OK, 3D HDTV Flopped – Industry Turns to Next Trick in Bag: Ultra HDTV

November 14, 2012 by Ted 4 Comments

Photo of Sony 4K UHDTV at CEATEC show in Japan
Sony 4K LCD TV at the CEATEC show in Japan earlier this year.
[PHOTO: Junko Kimura/Bloomberg via Getty Images]
It’s a tough time to be an executive at one of the major television manufacturer’s these days. After a record run – with help from the U.S. government mandating a switch to digital broadcasting virtually forcing American consumers to upgrade their sets – the industry appears to have lost its mojo. So, with great fanfare, manufacturers went back to the well, trying to convince consumers to “upgrade” their sets to new 3D capable sets. But 3D was a dismal flop.

Now manufacturers have dug deep into their bag of tricks to offer 4K HDTV, also known as Ultra HDTV… [Read more…] about OK, 3D HDTV Flopped – Industry Turns to Next Trick in Bag: Ultra HDTV

Filed Under: Industry Trends, Manufacturers, Marketing, News, Shows & Events, Strategy, Tech Trends Tagged With: CEA, CES, International Consumer Electronics Show, NPD DisplaySearch, UHDTV, Ultra HDTV

Can Sharp Survive? Company’s Performance ‘Raises Serious Doubts About [Our Ability] to Continue’

November 2, 2012 by Ted Leave a Comment

Photo of Sharp booth at CESLast week, we reported on a rumor out of Japan that Sharp Corp. was about to report a dismal interim net loss that was much worse than anticipated. This Wednesday, Sharp confirmed those rumors announcing an interim (Apr-Sept) operating loss of ¥168.9 billion ($2.1 billion). This result was after a ¥84.4 billion ($1.1 billion) charge for costs associated with restructuring their struggling business.

But what really has the industry and investors talking is that the company affirmed that it is likely to show a “huge” net loss for the entire fiscal year of ¥450 billion ($5.6 billion), almost double a previous estimate of ¥250 billion. It is also well above analysts’ estimate of a ¥296 billion loss according to a survey of 17 analysts  by Bloomberg. [Read more…] about Can Sharp Survive? Company’s Performance ‘Raises Serious Doubts About [Our Ability] to Continue’

Filed Under: Asian Connection, Industry Trends, Marketing, News, Pivot Point, Strategy Tagged With: Apple, Foxconn, Hon Hai Precision Industry Co., LCD, LG, Panasonic, Samsung, Sharp, Sony, Takashi Okuda

Best Buy Warns Profits Will Be ‘Significantly Below’ Last Year, Cuts Senior Managers

October 25, 2012 by Ted Leave a Comment

BREAKING NEWS…

Best Buy LogoAfter the close of the market today, Best Buy warned Wall Street that its third quarter earnings and same-store sales will be significantly below the same quarter last year. The company also announced that head of U.S. business Mike Vitelli, and other executives, will leave the company at the end of this fiscal year in early February.

But the warning to Wall Street went even further… [Read more…] about Best Buy Warns Profits Will Be ‘Significantly Below’ Last Year, Cuts Senior Managers

Filed Under: Industry Trends, News, Pivot Point, Retailers, Strategy Tagged With: Best Buy, earnings, Hubert Joly, Mike Vitelli, Tim Sheehan

Sharp Shocker: Company Will Report Interim Net Loss Almost Double Their Forecast

October 25, 2012 by Ted Leave a Comment

Photo of Sharp 70-inch flat-panel TVThe Nikkei reported today that it has learned from unnamed sources that Sharp Corp. is about to report a surprising interim net loss of ¥400 billion (just over $5 billion). Covering the period of their April-through-September fiscal (interim) semester, this loss is 90% worse – almost double – their most recent estimate of a ¥210 billion loss…and an full ten times worse than last years interim loss of ¥39.8 billion.

How did Sharp management get their forecast so wrong?… [Read more…] about Sharp Shocker: Company Will Report Interim Net Loss Almost Double Their Forecast

Filed Under: Asian Connection, Industry Trends, Management, Manufacturers, Marketing, News, Pivot Point, Strategy, Tech Trends Tagged With: Apple, flat-panel, iPhone, LCD, Nikkei, Sharp, TV makers

How One New York Integrator Moves Customers from Low Price to High Value

October 18, 2012 by Ted Leave a Comment

JD Systems logoOur good friends over at JD Systems – a New York-based integrator that does both commercial and residential installations – put up an excellent post on their blog on a very sensitive topic. No, not sex…not drugs…it was on PRICE! The blog discussed the results of the J.D. Power and Associates survey we reported on earlier that sought to determine the factors that motivated consumers to purchase an HDTV. [BTW, many thanks for the mention J.D.!]

How to move customers from PRICE to VALUE? See how JD Systems handles it…

[Read more…] about How One New York Integrator Moves Customers from Low Price to High Value

Filed Under: Industry Trends, Marketing, Strategy Tagged With: HDTV, J. D. Power and Associates, JD Systems, margin, price

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Ted Green Bio

A former dealer, manufacturer, distributor & more. Focusing on business strategy, my goal is to help you make better decisions for greater success.

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