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Voxx Jettisons Jamo & Energy Brands as It Tries to Stop the Bleeding

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Jamo founders in 1968; Jamo is part of Klipsch which is part of Voxx International
Jamo founders Preben Jacobsen and Julius Mortensen in 1968

Will Voxx International Itself Be Sold? It Says It’s Exploring *All* Options

Premium Audio Company (PAC), a division of Voxx International Corporation (Nasdaq: VOXX), announced today that Voxx has sold off both the Jamo and Energy brands as part of its plan to divest multiple brands in an effort to stave off its financial decline and revitalize its profits. The brands were sold to a Chinese manufacturing company and a Chinese distributor. Oddly, this announcement was retroactive, as the transaction was said to have taken place on August 15, 2024. No reason was given for why this announcement of the transaction was withheld until now.

See more on Voxx selling off underperforming brands

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If I Was an Integrator Specifying Savant, I’d Do This Immediately

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more integrators are selling Savant smart energy solutions

Company’s Power Division Expands National Distribution

You may have seen the recent announcement from Savant that they have broadened the distribution of their new energy management solutions to a pair of new, strategically significant distribution partners. You may have ignored this news, perhaps not recognizing the distributors who are both better known in the electrical/renewable contracting communities.

But if you are an integrator who specifies Savant products in your proposals, you should be really paying attention to what this company is doing with its powerful (pun intended) energy management strategy. It’s big!

What I would do if I were an integrator selling Savant products…

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Not Again! Another Big, Bad Surprise from Toshiba

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Loses Almost a Third of Its Total Market Value in 2 Days

Toshiba FacilityToshiba Corps. stock price plunged 30% this week as the company announced it is facing the prospect of booking a potentially multi-billion dollar writedown related to an acquisition made by its U.S. unit, Westinghouse Electric. The acquisition was related to the construction of two nuclear power plant projects being built in the U.S. as the company made a big bet on a nuclear renaissance in the U.S. power structure – a bet that is not paying off.

Toshiba President apologizes for a potentially multi-billion dollar writedown… [Read more…] about Not Again! Another Big, Bad Surprise from Toshiba