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In Wake of Poor Results, JVC Kenwood Announces Major Cuts to Staff & Compensation

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Photo Showing JVC Kenwood Corporate Vision

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.

See the steps JVC Kenwood’s board of directors outlined to minimize their losses… [Read more…] about In Wake of Poor Results, JVC Kenwood Announces Major Cuts to Staff & Compensation

Nortek Q3 Results: The Road to Success Remains Really, Really Bumpy

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Troubling TidbitsOn Thursday last week, Nortek, Inc. released the financial results for its third quarter (ending September 28, 2013) as well as their nine-month YTD results – and on the following Friday convened a conference call with analysts to discuss them. While management put a positive spin on these results, one didn’t have to look very hard to see some glaring bumps Nortek is experiencing on their challenging road to success through restructuring and reorganization.

You can almost hear it in Michael J. Clarke’s voice when he said: “Nortek’s net sales and underlying operating performance for the third quarter were consistent with our expectations.” Not exactly the rousing proclamation of success we typically hear on their conference call for industry analysts.

What are the “bumps” Nortek’s hitting on the road to success?… [Read more…] about Nortek Q3 Results: The Road to Success Remains Really, Really Bumpy

NuVo Launches Driver to Integrate Their Wireless Audio System into AMX Automation Systems

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NoVo LogoNuvo Technologies announced today that it has released an AMX-certified driver to integrate their Wireless Audio System into AMX automation systems. According to the company, the driver is available to be downloaded on the AMX dealer website now. [Read more…] about NuVo Launches Driver to Integrate Their Wireless Audio System into AMX Automation Systems

Wren Sound Systems – This Bird’s Ready to Fly

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Photo of girl bird watchingGovernment data makes a strong case for a sustainable recovery under way – but most people in the consumer electronics industry tell me that this recovery is, at best, mediocre and, at worst, not happening. And as challenging as most are finding the economy, start-up companies tell me the headwinds are more like those of a Category 1 hurricane as they try to launch new products and services – hoping to get traction – in a very hostile start-up environment.

But one new start-up that has caught our attention – Wren Sound Systems – seems to be gaining ground with its new wireless speaker system…a product we find unique and interesting.

See what interests us about Wren below… [Read more…] about Wren Sound Systems – This Bird’s Ready to Fly

JVC Kenwood Dramatically Revises Fiscal Forecast – Now Says It Will Lose Money This Year

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JVC Kenwood logoIn documents released today but dated November 6th, JVC Kenwood Corp. announced both their results for the first half of the current fiscal year (the period of April 1, 2013 to September 30, 2013) and a radically revised forecast for their entire fiscal year (ending March 2014). Both these documents combine to reveal a company undergoing a surprising change of fortunes with sales and profits declining dramatically as compared to the same period last year…and a downward revision to their annual forecast.

JVC Kenwood now says – in contravention to their last forecast in May – that they will lose money this year.

What has caused such a turnaround in JVC Kenwood’s fortunes? See more below…

[Read more…] about JVC Kenwood Dramatically Revises Fiscal Forecast – Now Says It Will Lose Money This Year

Saying Demand is for Digital Distribution, Dish Drops Blockbuster Stores

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Photo of Blockbuster video storeDish Network Corporation said today it will close all remaining Blockbuster video store locations and also dismantle the DVD-by-mail service by early-January 2014. According to the company, consumer demand is clearly for digital distribution of media and physical DVDs just don’t make sense anymore.

See more on this unexpected announcement… [Read more…] about Saying Demand is for Digital Distribution, Dish Drops Blockbuster Stores

Onkyo Expands Headphone Line with Two New iOS Compatible Models

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Photo of model with Onkyo headphones

Onkyo USA announced today two new high-performance headphone models that feature full iOS compatibility for user convenience. Both the on-ear ES-CT1300 and in-ear IE-CT1300 include incline controls and microphones to help Apple product users both adjust their sound levels and take calls while using either of these new models.

Learn more about these two new headphones from premium manufacturer Onkyo… [Read more…] about Onkyo Expands Headphone Line with Two New iOS Compatible Models

Monster Launches a Shaq Attack; Sports Star to Help Market Monster Products

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Photo of Shaquille O'Neal with Monster Products

Monster Products Inc. announced today that it has cut a deal with basketball superstar Shaquille O’Neal to endorse and otherwise market select Monster-branded products. The company says that O’Neal will aid in the marketing of Monster products in multiple categories “from personal audio to headphones and beyond.”

See more on this new celebrity endorsement deal from Monster below… [Read more…] about Monster Launches a Shaq Attack; Sports Star to Help Market Monster Products

Two Great Lakes State Reps Are Now One

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Boyle Davis Sales LogoTwo well-known and established sales representative firms in the state of Michigan have merged their companies into one larger and better resourced entity. Both firms, Boyle Sales and TWC Michigan, have substantial dealer networks throughout the state and represent and support respected lines of top manufacturers in the consumer electronics industry. The new merged organization promises to be one of the top specialty electronics reps in the state.

See more details on this dramatic new development… [Read more…] about Two Great Lakes State Reps Are Now One