New THIEL CEO Tells Us THIEL’s the Real Deal

Photo of Thiel Factory“It’s really not that fancy,” new Thiel CEO Bill Thomas told us with a chuckle and a noticeable Southern drawl when we asked about his private equity company that was mentioned in a Thiel press release announcing its acquisition last week. [See our post on the acquisition here…] In a telephone interview with earlier this week, the 55-year old Thomas said it was simply he and two friends that came together to purchase Thiel Audio Products Company – not some high-powered M&A company.

This was just one of several surprises the CEO shared with us about the acquisition… Continue reading

Hey Consumers! How’s Your Holiday Shopping Going?

Photo of Gifts in Shopping CartReuters/Ipsos published a new poll seeking to answer the question of how holiday shoppers are progressing with their gift buying. After all, there’s less than 20 days left until Christmas – surely shoppers took advantage of the early Black Friday specials to get all of their gift shopping done at great prices…right?

See below to find out where shoppers REALLY stand…you may be surprised… Continue reading

The Good News Just Keeps on Coming for Sharp

Photo of Sharp Aquos TVJust one day after Qualcomm, Inc. announced a technology pact and investment deal with Japan’s troubled Sharp Corp., word comes out of Taiwan that Hon Hai Precision Co. Ltd. may still be interested in taking a major position in the company. According to a Taiwanese newspaper, they have been told that Hon Hai may yet invest enough to own 9.9% of Sharp – making them Sharp’s single largest shareholder – to be decided by March 31, 2013.

See more on this surprising re-invigoration of this dormant deal… Continue reading

Qualcomm Agrees to $120M Investment in Sharp; Is Sharp Saved?

Graphic of Sharp's LogoQualcomm, Inc. announced today that it has reached an agreement with Japan’s Sharp Corp. on the expansion of a technology agreement with its Pixtronix, Inc. division to create high quality color, low-power MEMS (Micro Electro Mechanical Systems) displays based on Sharp’s IGZO (Indium Gallium Zinc Oxide) technology. The agreement also provides for Sharp to utilize existing LCD factories to provide manufacturing…and most importantly for the struggling Japanese manufacturer…for Qualcomm to invest $120 million to become a minority shareholder in Sharp.

Does this deal save Sharp?… Continue reading

Nortek Names New Chief Sales Officer for Data Center Products

Nortek, Inc. announced today that it has appointed Kris Holla Chief Sales Officer of Data Center Products. This position, newly created by the company, involves leading the charge in increasing Nortek’s market share in “mission critical data center and server markets.”

See more on this key new appointment at Nortek… Continue reading

JVC Kenwood Says It Will Double Net Profits by Fiscal 2015

JVC Kenwood LogoThe Nikkei in Tokyo is reporting today that JVC Kenwood has revealed that it expects to achieve ¥13 billion ($158 million) in net profit for fiscal 2015. This rate is more than double its fiscal 2011 level of profit…and an ambitious target.

See more on how JVC Kenwood expects to dramatically improve its business results… Continue reading

Contrary to Other Housing Data, New Home Sales Decline in October

Photo of newly constructed homeIn a somewhat surprising reversal of fortune for the housing market, new data from the U.S. Department of Commerce shows that sales of new single family homes actually declined in October to a seasonally adjusted annual rate (SAAR) of 368,000 units. This rate is a decline of 0.3% below the revised September rate of 369,000 units.

What does this new data mean for the housing recovery?… Continue reading

Thiel Audio Products Acquired by Tennessee Private Equity Company


Thiel learned from sources early today that Thiel Audio Products was sold last week to a Nashville, TN-based private equity company. Late today, the company distributed a formal press release confirming what we have heard. Kathy Gornik, CEO and President of the company is said to be leaving effective immediately and the release refers to “New Thiel CEO Bill Thomas.” Continue reading

AVWeek Features Post on Nortek Consolidation

Graphic of AVWeek logoAVWeek, a regular podcast produced by AVNation that sums up the top stories in Audio/Video for the week, featured a post by in their November 23rd podcast (published November 26) titled “Episode 67 Canadian Quarters.” The podcast – which features a 55-minute topical discussion by AV-industry luminaries Dawn Meade (Net-AV), George Tucker (World Stage), and Matt Scott (Omega Audio Video) – included a segment based on our post about the recent Nortek consolidation and creation of their new ProAV Group.

See what these A/V pros thought about the post…and about Nortek’s consolidation… Continue reading