Strategy in TECH...
Strata-gee reader Jeff (see comments here…) asks, “What’s up with the revival of Thiel Audio’s website thielaudio.com?” That is a good question, as the company has been shut down, and all inventory, factory, and office goods were auctioned off just under three years ago. Shortly after the auction, Thiel Audio’s website went dark and has been that way ever since.
Just when you thought 2020 was almost over and the COVID calamity and its associated disasters were mostly behind us, a source tipped Strata-gee off to a major new disaster that will almost surely cause a significant disruption in the 2021 supply of those critical A/V products we all use/sell/and install every day. You may not be aware of this AKM fire story now, but we are all facing what will likely be another major supply chain headache in the near future.
Emerald Holding, Inc. (NYSE:EEX), formerly Emerald Expositions, reported their fiscal 2020 third quarter results this week and despite their best efforts to shift their business to online virtual conferences, the company reported revenues of just $8.5 million and generated a net loss of $22.3 million. This loss was even deeper than their loss of $19.7 million in the same quarter in 2019 which was well before the COVID-19 pandemic hit the U.S.
BluOS, the music management and operating system that is part of Lenbrook International, announced a couple of important integration partnerships today – and in so doing, demonstrate their growing influence as a leading premium music system user interface in the industry. The company says it has new integrations with both URC and Crestron.
In what constitutes just one more sign that the COVID-19 pandemic will continue to have a lasting impact on how we do business for the near-to-medium-term future, Savant has come up with a cool way to cleverly optimize the showroom experience in this new difficult environment. The company was in the process of building an all-new Savant Experience Center in New York City when the pandemic hit. Then, when construction was completed, company managers looked at each other and said, now what?
The innovation train keeps rolling down the track at Crestron who has had a string of new introductions in 2020. The company announced today a new line of touch screens in what they say is their “next generation” design known as the 70 Series Touch Screens. But if you only see photos of it, you won’t truly appreciate what it offers – a balance of both elegant design with tough, all-aluminum construction and a solid weighty feel.
Help Lightning, a new support solution the company likes to call “virtual expertise,” not only offers a new potential benefit for integrators to increase the amount of safe in-home support for their clients in these COVID-19 times – they also offer CEDIA members a free 60-day try-before-you-buy experience to test it out in your market with your clients. And in the middle of the pandemic, there has never been a better time to look at offering clients a new support solution that adheres to strict safety standards by limiting person-to-person exposure.
Political newsletter Axios ran a surprising graph this week showing a stunning disconnect between the confidence of consumers – measured by the Conference Board’s Consumer Confidence Index – versus the confidence of CEOs (tracked separately by the Conference Board). While it is not entirely clear just what the ramifications may be of this huge disparity in how these two groups are feeling about the economy – it is nonetheless a notable disconnect.
On Tuesday, the U.S. Department of Commerce released their latest report on residential construction for the month of September 2020. Like last month, the results on housing starts were mixed, with both good news for custom integrators and bad news for the overall industry – suggesting again that housing growth, while robust, is beginning to moderate.
Last week, in dramatic fashion, Harman (part of Samsung) brand Mark Levinson announced the launch of an entirely new 5000 series family of products, whose lower price tag is designed to appeal to an expanded share of the market of audio enthusiasts. In a combination of well-produced video segments, coupled with live presentations to the industry media, Harman executives laid out their vision for the brand and presented the details of the engineering and craftsmanship behind their new line of electronics and sources that included a preamp, power amp, turntable and streaming SACD player
