Strategy in TECH...
The DaVinci Group announced today a significant upgrade to its warranty program – already one of the best overall warranty programs available. Currently, the company offers 2-years parts and labor on all wireless products, 5-years parts and labor on all amplifiers, and an impressive Lifetime replacement warranty on all architectural speakers, volume controls, and speaker selectors. How do you improve on a solid warranty package like that?
Beats Electronics, Inc., better known by their Beats by Dr. Dre brand, announced today that they are partnering with the Muscle Shoals Music Foundation in an effort to save and preserve the iconic Muscle Shoals Sound recording studio in Sheffield, Alabama. The effort comes in response to a documentary shown at this year’s Sundance Film Festival, reminiscing on the incredible influence of Muscle Shoals Sound Studio and its predecessor, FAME Recording Studios, also in Northern Alabama, for nearly two decades the unlikely center of the music business…but which have both now fallen into disrepair.
The Conference Board released today its closely watched Consumer Confidence Index – a monthly reading on the sentiment of consumers about the economy. The reading for the month of November at 70.4 fell slightly from the October reading of 72.4. October, however, had fallen sharply from the September and the current reading is the lowest since April.
You have to leave the city of your comfort and go into the wilderness of your intuition. What you’ll discover will be wonderful. What you’ll discover will be yourself.
Alan Alda
The Nikkei reported this week that Panasonic Corp. will only introduce about five new digital camera models next year – half its normal number – in a bid to take all steps necessary to return to profitability. While once a bright spot for the company which saw success for some of its higher end Lumix models – the report says that the category has come under intense pressure as smartphone cameras continue to improve.
German luxury TV manufacturer Loewe AG said today that it is in final stages of discussions with two different potential investors or buyers. The company, once the source of hopes by U.S. specialty A/V dealers for a more profitable step-up video line, has yet to emerge from the bankruptcy protection it invoked earlier this year.
Energy Squad, LLC, a distributor exclusively focused on offering energy-efficient or “green” technology products nationally, announced today that earlier this month it had completed its first round of dealer training on their “LED Diet” program – a solution first announced at this past CEDIA Expo. For this first 2½-day intensive training, the company brought in dealers from all across the United States who were interested in learning how Energy Squad’s LED Diet program could help make their customer’s energy usage lean – while making their integrators’ profits fat.
Easy Access Distributing announced last week that their dealer event held last month, called the Emerging Technologies & Home Awareness Expo was a huge success. Held at the Courtyard by Marriott in Billerica, Massachusetts, the company said the event drew an attendance of 170 area integrators over two days.
Some are born great, some achieve greatness, and some hire public relations officers.
Daniel J. Boorstin
Just days after the JVC Kenwood Corp. announced their dismal fiscal first-half results and revealed dramatic revisions to their full-year forecast – including the surprising news that they would lose money this year – the company released a statement saying they would attack their performance shortcomings aggressively. A series of actions were outlined designed to mitigate the company’s projected loss…but they couldn’t say for sure at this time if these actions will have a material effect on the remaining fiscal period’s performance.
