Core-store wireless sales remained the big drag on RadioShack results 2nd quarter, but the chain predicts improved sales and profit performance in the 2nd half, it said Tues.
Paul Gluckman, Executive Senior Editor, is a 30-year Warren Communications News veteran having joined the company in May 1989 to launch its Audio Week publication. In his long career, Paul has chronicled the rise and fall of physical entertainment media like the CD, DVD and Blu-ray and the advent of ATSC 3.0 broadcast technology from its rudimentary standardization roots to its anticipated 2020 commercial launch.
Core-store wireless sales remained the big drag on RadioShack results 2nd quarter, but the chain predicts improved sales and profit performance in the 2nd half, it said Tues.
Sen. Sununu (R-N.H.), at last week’s Senate Commerce Committee hearing on the DTV transition (CED July 13 p1), was among members urging industries to avoid using ‘the specter of consumer confusion’ on a hard analog cutoff to promote their political and commercial agendas.
DTV converter set-top boxes have been “a real problem child,” plagued by “phenomenal” retail return rates, a key Funai executive told Consumer Electronics Daily. The executive, Bob Cannistraro, sales engineer at Funai’s U.S. subsidiary, blamed the problem on “a total lack of knowledge out there” about what DTV set-tops and antennas “are and aren’t supposed to do.”
Boston Acoustics (BA) began soliciting prospective buyers over 2 years before a June 8 agreement for D&M Holdings to acquire the firm for $17.50 per share cash (CED June 10 p4), BA disclosed in a preliminary proxy statement filed at the SEC in preparation for shareholders approving the deal. The firm hasn’t scheduled a shareholder vote.
Mass production will begin in Paju, Korea, in the first half of 2006 at the 7th fabrication plant ("P7") operated by LG.Philips LCD, where 1,950x2,250-mm glass substrates will be produced for large-screen TV applications. So said LG.Philips LCD in a registration statement filed last Thurs. at the SEC for a “follow-on” offering of 26.85 million shares in the form of American Depository Shares (ADSs), each representing 1/2 a share of common stock.
HD DVD’s recent announcement that it has developed a triple-layer 45 GB disc that achieves capacity parity with the 50-GB dual-layer Blu-ray disc has done little to shake Disney’s Blu-ray endorsement, that studio’s home entertainment chief told Consumer Electronics Daily Tues. at the DVD “Magic 8” conference in L.A.
CENTURY CITY, Cal. -- Panelists and presenters steered well clear of controversy about a looming Blu-ray- vs.-HD DVD format war here at the “DVD Magic 8” Home Entertainment Summit Tues., preferring to tout existing DVD’s virtues as a format with still a lot of breath left in it.
Sony has had “ongoing” discussions for over a year with both XM and Sirius about possibly building satellite radio functionality into future portable audio products, senior Sony executives told reporters Thurs. Sony has marketed aftermarket radios for XM, but not Sirius.
Following Philips’ recent departure from the LCoS business, the company is “passionately and aggressively driving” its flat-panel LCD and plasma TV sales under the Philips brand, but also is studying the introduction of DLP projection sets under Magnavox, Senior Vp Mktg. Des Power told a N.Y.C. news conference Tues.
Sen. McCain’s (R-Ariz.) new DTV bill (CED June 15 p1) seems to address many of the CE industry’s concerns raised in the House about strict product labeling and in-store signage rules requiring TV set makers and retailers to warn about the coming shutoff of analog broadcasts.