Strategy in TECH...
Crestron Electronics announced today that John Clancy, the current Executive Vice President of Residential, is being elevated to Chief Sales Officer, effective immediately. As the company’s top sales executive, the company says that Clancy “will lead and unify the global Crestron sales organization to drive market growth and enhance customer satisfaction.”
The Masimo Corporation $3 billion trade secret misappropriation, patent infringement, and patent ownership trial against Apple, Inc. is continuing and witnesses are offering the jury sharply divergent views of the many elements of this case. While those opposing viewpoints are fairly clear, what is not clear is how the jury is interpreting all of this information, and which side they feel is presenting a true picture of the situation.
On the eve of the upcoming patent trial in the matter of Sonos, Inc. [Nasdaq: SONO], vs. Google, LLC [Nasdaq: GOOG], both parties had submitted motions for summary judgment trying to win as many points as possible while also clearing away as many outstanding issues as possible to limit the number of factual matters to be determined at trial by a jury. It has been a long and winding road to get to this point, but one thing seems clear to me, Sonos may have gotten more than they bargained for, as this action with Google, their largest adversary by far, appears to have taken a bit of a toll.
Nice North America announced this week that it has appointed Mark Ohlwiler as its new Regional Sales Manager in the West region. Ohlwiler’s appointment was effective as of April 3, 2023.
This week we learned that Colquhoun Audio Laboratories Limited (CALL), the folks who also own Axiom Audio and Bryston, Ltd, have made a new acquisition, this time buying Magnum Dynalab, a highly regarded manufacturer of high-performance tuners and vacuum tube audio products. The company says the transaction was closed on March 31, 2023. The terms of the deal were not disclosed.
This week, one of the industry’s premier audio expositions, JD Events’ Audio Expo North America (AXPONA), kicks off again in full force – and many in audio are buzzing in excitement for a full frontal, fully immersive audio experience. Starting Friday (with a pre-event party Thursday night for exhibitors and industry folks), the Expo is being held at the Renaissance Schaumberg Hotel & Convention Center in Schaumberg, IL.
Last week, a major patent trial began in Southern California as Masimo Corp. vs. Apple Inc. kicked off. And already big stories are flowing out of the proceedings that, for several days now, were entirely or partly conducted in complete secrecy, as Masimo executives testified behind closed doors.
MQA Limited, the company that invented and markets the Master Quality Authenticated digital music system said to deliver lossless high-res streaming music, has entered “administration” in the U.K. Administration is a form of bankruptcy or protection from creditors similar to Chapter 11 bankruptcy here in the U.S. In the U.K., administration offers an insolvent company time to reorganize, develop a new plan, and – with stakeholder and government approval – an opportunity to exit bankruptcy.
In the latest data on consumer confidence, The Conference Board reports a positive, if only “slightly” so (their words), uptick in consumer confidence readings in March as compared to the sentiment in February. The organization’s Consumer Confidence Index (CCI), a widely followed read on how consumers are feeling about both existing and upcoming business conditions, is an important indicator of potential economic activity.
Well-respected high-performance A/V manufacturers sales representative firm Redwood Marketing has announced this week that veteran sales professional Phil Jackson has joined the firm, boosting its manpower and market coverage. The appointment of Jackson is effective immediately and the company says the addition “reinforces our position in the marketplace.”
