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Sonos

Sonos & Google Patent War Gets Ugly, Each Accuses the Other of Bad Faith

December 3, 2020 by Ted 2 Comments

Photo of lawyers arm wrestling

A hearing before a California federal judge brought an ugly exchange between attorneys for both Sonos and Google – with each side pointing their finger at the other and accusing them of bad faith. That attorneys got ugly against their counterparts is not in itself surprising. However, the speed with which this dispute devolved to that point was a surprise.

Learn more about this escalating battle between Sonos & Google…

[Read more…] about Sonos & Google Patent War Gets Ugly, Each Accuses the Other of Bad Faith

Filed Under: Brands, Law, Manufacturers, News, Strategy, Tech Trends Tagged With: Google, lawsuit, patent infringement, patents, Sonos

Sonos is Getting Hooked on D2C Biz; Revenues & Profits Exceed Expectations

November 20, 2020 by Ted 2 Comments

But Is Everything Really as Good as It Looks?

Sonos, Inc. [NASDAQ: SONO] released their fourth quarter and full year financial results for fiscal 2020. Their performance pleasantly surprised Wall Street and their stock value exploded well over 20% in Thursday trading as the company exceeded analysts’ estimates for both revenue growth and profits. But is everything as it appears here?

See more on Sonos financial results…

[Read more…] about Sonos is Getting Hooked on D2C Biz; Revenues & Profits Exceed Expectations

Filed Under: Brands, Financial, Management, News, Strategy Tagged With: IKEA, Patrick Spence, Sonance, Sonos, Sonos Inc

Sonos Stock Slammed on News Apple Stores Drop the Line

October 7, 2020 by Ted 2 Comments

Photo of Apple store in Chicago

Lost 7% of Value in After-Hours Trading

Bloomberg News reported late on Monday that Apple is dropping Sonos [NASDAQ: SONO] and other non-Apple branded products from their stores. The news of Sonos losing such a major customer caused their stock to derail in after hours trading, down almost 7% in value at one point. On Tuesday, Sonos stock price closed down 3.2% as Wall Street digested the news.

See why Apple stores are dropping Sonos…

[Read more…] about Sonos Stock Slammed on News Apple Stores Drop the Line

Filed Under: Brands, Financial, Management, News, Products, Retailers, Strategy, Tech Trends Tagged With: Apple, Apple Watch, B&O, B&W, Bang & Olufsen, Beats, Bowers & Wilkins, FitBit, Pioneer, Sonos

Sonos & Google Patent War Intensifies as Each Fires New Salvos This Week

September 30, 2020 by Ted Leave a Comment

tanks are aligned for battle between these two giants

It must be really interesting in those Sonos and Google joint product development meetings, where the parties meet to discuss their partnership on the Google assistant technology built into Sonos products. You see, in addition to this product partnership, both companies are ensnarled in a nasty round of lawsuits accusing each other of various patent violations – with tactics and rhetoric heating up as each fired new salvos at the other just this week. On Monday, Google sued Sonos. On Tuesday, Sonos sued Google. This is getting serious…

See what’s happening now between Sonos and Google

[Read more…] about Sonos & Google Patent War Intensifies as Each Fires New Salvos This Week

Filed Under: Law, Manufacturers, News, Strategy Tagged With: Google, lawsuit, patent infringement, Sonos

Sonos Adds Top Microsoft Executive to Its Board of Directors

August 20, 2020 by Ted Leave a Comment

Photo of Sonos One

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.

Learn more about this Sonos recruitment…

[Read more…] about Sonos Adds Top Microsoft Executive to Its Board of Directors

Filed Under: Financial, Management, Manufacturers, News, People, Strategy Tagged With: Microsoft, Microsoft Corporation, Sonos, Sonos Inc

KKR Exits Sonos Investment, Divests Its Last 14M Shares for $180M

June 22, 2020 by Ted 2 Comments

Sonos soundbar and subwoofer

In a filing with the Securities and Exchange Commission on Thursday, KKR Stream Holdings LLC reported that it sold nearly 14 million shares of Sonos, Inc. stock (SONO:NASDAQ). The sale took place on Wednesday (June 17, 2020) and, according to their disclosure filed with the SEC, this sale takes them completely out of Sonos ownership, with zero shares remaining in its portfolio.

Learn more about KKR selling their Sonos stock…

[Read more…] about KKR Exits Sonos Investment, Divests Its Last 14M Shares for $180M

Filed Under: Financial, News Tagged With: divestiture, KKR, Sonos

Sonos Hits Sour Note – Fiscal Q2 Sales Drop 17%, Losses Hit $52.3 Million

May 6, 2020 by Ted 1 Comment

Photo of new Sonos Sub

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

Filed Under: Financial, Management, Manufacturers, News, Products Tagged With: Sonos, Sonos Inc

Sonos Reports Record Fiscal First Quarter 2020 Results

February 6, 2020 by Ted 3 Comments

Sonos, Inc. this week reported a strong first quarter for their 2020 fiscal year. In fact, the company says it had a record quarter with strong revenue and profit gains.

See more on the Sonos record quarter results

[Read more…] about Sonos Reports Record Fiscal First Quarter 2020 Results

Filed Under: Brands, Financial, Law, Manufacturers Tagged With: Sonos

Sonos Announces Record Fiscal 2019 Results; Acquires Snips

November 21, 2019 by Ted Leave a Comment

Sonos announced this week that it has acquired French AI voice control software maker Snips in a deal valued at $37.5 million. The company also released their Fiscal 2019 results in a letter to investors denoting a record year for the company – its first as a publicly traded one.

See more on Sonos’ new announcements…

[Read more…] about Sonos Announces Record Fiscal 2019 Results; Acquires Snips

Filed Under: Financial, Manufacturers, News Tagged With: acquisition, Sonos

Giving No Ground, Lenbrook Launches Robust Retaliation to Sonos Lawsuit

October 20, 2019 by Ted Leave a Comment

Lenbrook Group logo

After receiving a stipulation allowing them more time to respond, Lenbrook Industries Ltd, and Lenbrook America, last week filed their response to the Sonos patent litigation they were hit with in June. It was a robust and smart response that clearly communicated that Lenbrook planned to give no ground in this dispute.

While perhaps not quite as audacious as the D&M response when they were first dealt the blow of litigation…Lenbrook offered a smart and savvy response that not only pushed back but seemingly undercuts many of Sonos’ core allegations..and patents.

Sonos v Lenbrook is heating up…who has the advantage?…

[Read more…] about Giving No Ground, Lenbrook Launches Robust Retaliation to Sonos Lawsuit

Filed Under: Brands, Law, Manufacturers, News, Products, Strategy, Tech Trends Tagged With: lawsuit, Lenbrook, litigation, patent infringement, patents, Sonos

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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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