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KORUS

Nortek Management Scrambles in Wake of Troubling Q2 Results

August 6, 2015 by Ted Leave a Comment

Company Loses Almost 6% of Total Market Value in Just a Few Hours

Nortek 2015 Q2 PresentationNortek, Inc. released the results for its fiscal second quarter after the market’s close on Monday and took the unusual step of issuing optimistic performance guidance for the remainder of the year. The company does not typically release future performance guidance as a matter of policy, but did so in an apparent attempt to calm investor reaction to their troubling report. It didn’t work – investors reacted strongly on Tuesday by driving Nortek’s stock to a close of $75.23 per share, down sharply from the previous close of $79.88. In just a matter of hours, the total market value of Nortek collapsed almost 6%.

Why did investors react so strongly?… [Read more…] about Nortek Management Scrambles in Wake of Troubling Q2 Results

Filed Under: Brands, Financial, Management, Manufacturers, News, Pivot Point Tagged With: AVC, BlueBOLT, Core Brands, Elan, Furman, KORUS, Niles, Nortek, Nortek Inc., Panamax, Proficient, SpeakerCraft, Xantech

Core Brands Kicks Off KORUS at CE Week

July 10, 2013 by Ted 2 Comments

SKAA logoOne of the more interesting developments we saw at CE Week was the launch of a new series of products from Nortek, Inc. in the Core Brands, LLC booth called Korus. Korus is a line of wireless speakers designed to work with content streamed from you favorite smartphone/tablet/PC. Another line of wireless speakers is not particularly newsworthy. But Korus has a couple of tricks up its sleeve that IS unique…

See more on KORUS…including what really separates it from other streaming products… [Read more…] about Core Brands Kicks Off KORUS at CE Week

Filed Under: Brands, Manufacturers, Marketing, News, Pivot Point, Shows & Events, Tech Trends Tagged With: AirPlay, Bluetooth, Core Brands, KORUS, SKAA

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Ted Green Bio

A former dealer, manufacturer, distributor & more. Focusing on business strategy, my goal is to help you make better decisions for greater success.

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