JOLED, a Japanese manufacturer of OLED-based panels and products that was formed by the merger of the OLED divisions of both Panasonic and Sony, filed for bankruptcy protection in the Tokyo District Court on Monday. According to the filing, the company reported that it has debts totaling ¥33.7 billion ($257 million).
Retail Investor: ‘My Investment in this Company is Now Basically Worthless’
WiSA Technologies, Inc. (NASDAQ: WISA) released its fiscal 2022 fourth quarter and full-year results and it was not a pretty picture – leading the company’s auditors to issue a “going concern” warning, questioning its ability to continue. A developer and licensor of spatial, wireless sound technology used in a variety of brands, WiSA largely blamed an overall slackening consumer demand causing a glut of existing CE product inventory as the main source of its problems.
See more on WiSA’s results for its last fiscal year[Read more…] about WiSA Edges Closer to the Abyss; Auditors Note ‘Substantial Doubt’; New Nasdaq Delisting Notice
Sonos (NASDAQ: SONO) announced on Tuesday that it has launched two new smart speakers that implement spatial audio for a more immersive listening experience. The company says these new models are the next-generation of smart speakers, utilizing Dolby Atmos technology to launch “…a whole new chapter in sound and design innovation.” They also call them “revolutionary” and “bold” and the “best experience for out loud spatial listening.”
Learn more about the Sonos Era 300 and Era 100[Read more…] about Sonos Launches New Era 300 and Era 100 Smart Speakers Featuring Spatial Audio
Masimo Corp. (NASDAQ: MASI), a medical products company that also owns audio maker Sound United, notches yet another victory in its continuing conflict with Apple, Inc. (NASDAQ: AAPL) – this time in the form of a favorable ruling from the Patent Trial and Appeal Board (PTAB), which dismissed Apple’s challenges to two Masimo patents on proprietary technology to test blood oxygenation levels. As a result, things are heating up and getting a little more serious for Apple, which Masimo accuses of infringing on its patents to add a health-related feature to their popular Apple Watch products, with no compensation or licensing arrangement with Masimo.
Learn all about Apple losing this round, favoring Masimo[Read more…] about Masimo Wins Again: Patent Trial & Appeal Board Dismisses Apple Challenge
WiSA Technologies, Inc. (NASDAQ: WISA) has been on a wild and rocky ride over the last few days as it scrambled to head off a delisting action by the Nasdaq stock exchange designed to force its stock listing off the exchange. At issue, the company’s business struggles that contributed to its declining stock bid prices have put it in violation of specific exchange rules governing maintained minimum pricing levels. This led the exchange to begin the delisting process, which WiSA appealed in order to buy itself some time.
The company then quickly embarked on a strategy – a mad dash really – to inflate its stock price artificially via a reverse stock split. But this tactic appears to have failed to impress investors, causing its stock bid price to collapse like an out-of-control toboggan ride down a cliff.
See the wild ride and rocky ride of WiSA[Read more…] about The Wild Ride of WiSA Chasing Compliance
Company Calls a Special Shareholders Meeting Today
The trials and travails of WiSA Technologies (NASDAQ: WISA) appear to be continuing, if not accelerating, as the company said it has received a new notification from the Nasdaq stock exchange informing the company that its stock has violated yet another rule of the exchange, triggering a new instant delisting process. And this all took place in the wake of it just having won an additional 180-day extension period to try and cure a previous violation of a different rule from 2022. So what happens now?
See what new trouble WiSA finds itself in…[Read more…] about WiSA Runs Afoul of Another NASDAQ Rule; A Delisting Action has Begun
UPDATE to ‘Tech Takes a Turn…Downward’ Post Seen Here
Just one day after I posted the story Tech Takes a Turn…Downwards, we learned of more layoffs hitting tech, including Google parent Alphabet, Spotify, Vox Media, and more. These additional reports of even more tech layoffs only help to affirm the reality of a slowdown hitting big tech and other areas that are adjacent to tech, such as media focused on tech.
See more layoff news in tech and tech-adjacent areas[Read more…] about More Tech Layoffs are Revealed as Google Cuts 12,000 Jobs
After several years of dizzying growth, the technology sector is now experiencing a notable downturn, as the post-COVID era has brought a combination of higher prices (inflation) and lower demand. In response, 2022 saw significant job cuts at major Big Tech brands that have continued on into 2023. That includes this Wednesday when Microsoft announced it was cutting 10,000 jobs – after a 1,000 job cut in October 2022 – another big blow to Tech.
But what about the more specific segments like consumer electronics and custom integration?
See the latest on tech taking a turn downward…[Read more…] about Tech Takes a Turn…Downward
Masimo (NASDAQ: MASI), a medical products manufacturer who also owns audio products maker Sound United, said this week that a U.S. International Trade Commission (USITC) Administrative Law Judge in Washington D.C. has ruled that Apple, Inc. (NASDAQ: AAPL) has violated Section 337 of the Tariff Act of 1930 by importing and selling models of their Apple Watch that incorporate light-based pulse oximetry technology that infringes on two of Masimo’s patents. Apple first introduced its pulse oximeter sensor in their Apple Watch Series 6 in 2020 and continues to incorporate it into models up to the current series.
See more on the Masimo patent win over Apple[Read more…] about Masimo, Parent of Sound United, Scores Big Win in Patent Action Against Apple
WiSA Technologies, Inc. (NASDAQ: WISA), a developer of spatial, wireless sound technology for smart devices and home entertainment systems, announced recently that it has received an additional 180-day extension of the compliance period by the NASDAQ stock market. The purpose of the extension is to give the company additional time, until June 20, 2023, to regain compliance with NASDAQ’s minimum bid rule.