As another year begins to wind down, it is fitting that we all pause, catch our breath, and reconnect with friends and family. The holidays are a time to relax and unwind…to recharge our batteries, so to speak.
Happy Thanksgiving 2024!
Posts
New Single-Family Home Sales Collapse in October to Two-Year Low
Sales of newly constructed single-family homes dropped to a two-year low in October as rising mortgage rates and persistent high prices impacted the affordability of available homes and served to keep buyers on the sidelines. Some experts also noted that elevated hurricane activity also kept buyers away, especially in the South region.
Get all the details on new home sales in October
[Read more…] about New Single-Family Home Sales Collapse in October to Two-Year LowJ Geiger Shade Maker’s Gamble on New Trial with Lutron Cost It $1.2 Million
Last week, a jury was convened for a special trial to determine reasonable damages in the matter of GeigTech East Bay LLC v. Lutron Electronics Co., Inc. GeigTech, the plaintiff in this case is the manufacturer of motorized shade products marketed under the J Geiger brand, an independent company owned by Savant (and which is not a party to this litigation). Lutron has already been found to have infringed on certain patents held by Geigtech and the original jury’s large damages award was set aside by the judge who found it to be excessive. This new trial was held to determine a more reasonable damages amount.
See the painful result for Geigtech in this new trial
[Read more…] about J Geiger Shade Maker’s Gamble on New Trial with Lutron Cost It $1.2 MillionAVPro Edge Launches New HDMI Extension Kit With Mind-Blowing 150 Meter Range
Are you facing a painfully long HDMI cable run and don’t know how you can reliably accomplish that? AVPro Edge has your answer – the AC-EX150-BKT. This new HDMI extension kit breaches new barriers to deliver integrators a mind-blowing range of up to 150 meters. Problem solved…
See more on the AVPro Edge EX150-BKT HDMI extender
[Read more…] about AVPro Edge Launches New HDMI Extension Kit With Mind-Blowing 150 Meter RangeCEDIA Tech & Business Summit – An Impressive Show from a Well-Oiled Machine
Last week, I had the opportunity to attend the CEDIA Tech & Business Summit at the Hilton Hotel in Hasbrouck Heights in Northern New Jersey. To my eyes, this was a well-attended event and I was impressed with how the Association has put together a well-oiled machine that shows some real progress in elevating the value of attending a regional industry event like this.
See my thoughts on this 2024 CEDIA Tech & Business Summit in NJ
[Read more…] about CEDIA Tech & Business Summit – An Impressive Show from a Well-Oiled MachineMcIntosh Group Acquired by Bose; Does This Deal Make Any Sense?
On Tuesday, Bose Corporation – a privately held manufacturer and marketer of a variety of predominantly audio products like headphones, speakers, soundbars and car audio – announced it has acquired McIntosh Group, a high-end manufacturer of electronics under the McIntosh brand and speakers/phono cartridges under the Sonus faber brand. Terms of the deal were not revealed and a buzz has descended around the industry as to whether this is a good thing or a bad thing.
Learn more about Bose acquiring McIntosh
[Read more…] about McIntosh Group Acquired by Bose; Does This Deal Make Any Sense?Samsung Electronics and Union Finally Reach a Preliminary Agreement
Samsung Electronics and the largest union at the company have finally reached a preliminary agreement on a new contract that provides for a wage increase as well as other benefit enhancements, the company announced today in Korea. The deal should put an end to any further labor actions. However, it still needs to be ratified by the union membership.
Learn more about this first labor action at Samsung
[Read more…] about Samsung Electronics and Union Finally Reach a Preliminary AgreementSnap One Parent Resideo Releases 3Q/2024 Results; Organic Gains are Modest
Resideo Technologies, Inc. (NYSE: REZI) – the new parent company of residential integration company Snap One – recently released the financial results for its third quarter of fiscal 2024, the 90-day period that ended September 28, 2024. While the overall numbers looked fairly strong with revenues increasing 18% to $1.83 billion with gross profit expansion, when looked at organically, the results show a more moderate revenue growth of 4%.
See more on the Resideo results in 3Q/2024
[Read more…] about Snap One Parent Resideo Releases 3Q/2024 Results; Organic Gains are ModestSonance Continues to Build Its Pro Audio Team, Adding Glenn Kalinowski
Sonance, a leading manufacturer of fine custom integration audio gear, announced last week that it has appointed Glenn Kalinowski as Director of Sales and Strategic Partnerships. Kalinowski, the company says, is a “trusted industry expert” who will oversee key territories in North America, including Canada.
Learn more about this Sonance appointment of Glenn Kalinowski
[Read more…] about Sonance Continues to Build Its Pro Audio Team, Adding Glenn KalinowskiTroubling Trend: 2024 CEDIA Expo Loses Hundreds of Attendees This Year
Data from the 2024 CEDIA Expo in Denver, CO this past September shows a troubling trend – attendance actually declined…and declined appreciably – from the 2023 version of the event. And this decline took place even though the promoter has combined CEDIA Expo with a new event (new last year), the Commercial Integrator Expo (CIX), which was probably an effort to boost attendance numbers.
