Sonos, Inc. (NASDAQ: SONO) announced this week that they are adding a new member to their Board of Directors. In fact, they even increased the size of the Board to make room for this new addition. The news surprised – and impressed – many market observers, as the person they are adding is Panos Panay, a top Microsoft Corp. executive. You see, if you are not familiar with Panay, there is something special about his background that makes him an intriguing addition to the Sonos Board.
CEO Says Direct-to-Consumer Sales Were Big, Launching Three New Models
Sonos Inc. announced Wednesday the results of their fiscal second quarter, a quarter that CEO Patrick Spence called “challenging.” The company saw a double-digit sales decline of 17% to $175.1 million from $210.2 million in the same quarter in 2019. Worse, net losses more than doubled to $52.3 million – 129% worse than the net loss of $22.8 million in Q2 last year.
Still, Spence sounded upbeat in a letter to investors and says he is “confident that the actions we are taking today will set us up for long-term success and the continued tremendous opportunity ahead.”
Learn more about the sour Sonos results in Q2…[Read more…] about Sonos Hits Sour Note – Fiscal Q2 Sales Drop 17%, Losses Hit $52.3 Million
Case May Have Major Impact on Wireless Speaker Business
As we recently reported, a federal jury gave Sonos a sweeping victory in the first “bellwether trial” in Sonos Inc. v. D&M Holdings Inc. et al, siding with Sonos on all counts and awarding them nearly $2 million in damages. Furthermore, the jury affirmed the validity of the three Sonos patents at issue, and disagreed with D&M’s assertion that the patents were not valid.
Strata-gee spoke with both sides of this case and, this decision notwithstanding, neither appears ready to back down, even as this is just the first of what will ultimately be three trials in the case – two where Sonos is the plaintiff, and a countersuit by D&M Holdings where they will be the plaintiff. Sonos won round one, but this is a multi-round fight.
Both Sonos and D&M Holdings talk to Strata-gee in wake of trial verdict… [Read more…] about Sonos to Seek Injunction to Stop HEOS Sales of ‘Infringing Technology’
Will a Change of Judge Bring a Change of Outcome?
The battle for patent supremacy between Sonos and D&M Holdings is picking up significant steam. In one 30-day period of this year alone (June), we counted no less than 110 docket items. That’s more than four filings a day if you take out weekends. The vast majority of these items were heavy legal motions and other multi-dozen page document filings.
The lawsuit, originally brought by Sonos against D&M Holdings and their HEOS line, and ultimately reciprocated with a D&M counter-suit, has been raging on since October 2014. Yet as the matter is plunging headlong towards a trial by the end of this year, D&M is handed another loss, as Judge Richard G. Andrews denies two key D&M Motions for Summary Judgment in his last ruling before turning the matter over to a new judge.
See the latest developments in this battle between Sonos and D&M Holdings… [Read more…] about In Epic Legal Battle with Sonos, D&M Dinged Again
Delaware District Judge Richard G. Andrews has delivered a decision that is sure to be a blow against D&M Holdings’ defense in its now long-running patent infringement dispute with Sonos, originally filed in October 2014. Judge Andrews has denied a motion by D&M to invalidate four key Sonos patents at the heart of their dispute and a key part of Sonos’ claim that D&M’s HEOS products infringe upon these and other patents.
See more on this dramatic decision from the court in favor of Sonos… [Read more…] about Judge Finds Against D&M; Affirms Sonos Patents
Judge Makes Two Key Decisions
In revisting the long-running saga of Sonos, Inc. vs. D&M Holdings, Inc. et. al., we find that after a series of skirmishes over scheduling issues – such as deadlines for filings and responses, and new claims and counterclaims filed – there appears to be a concerted effort by both parties to ratchet up the pressure. So far, it appears to our non-legally educated eyes that Sonos has a slight edge in this game, winning the scheduling skirmish and winning the right to expand the number of patents at issue.