The surging popularity of portable music players has been a boon to makers of accessories for them, especially earphones. Many music fans travel for business, requiring long hours in noisy airplanes and other forms of mass transit, and earphones that offer the added benefit of blocking or reducing noise are always desirable.
Sirius Satellite Radio is concerned about The Bottom Line. Not the company's profitability, but the venerable Greenwich Village music cabaret, which has suffered since the terrorist attacks on the World Trade Center on September 11, 2001.
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According to the company:
The Navigator is the next generation of a highly sophisticated concept from Skullcandy. The original designed on-ear headphones allow for next level listening with an optimized sound package. The construction is lightweight in design and engineered to deliver extremely smooth frequencies through tightly controlled bass, natural vocals and precision highs. The Navigator features a unified headband and hinge construction offering increased durability with the ability to collapse for convenient stashability.
In a move that it says is designed to position it for "continued growth and leadership in the consumer electronics field," the Consumer Electronics Manufacturers Association (CEMA) unveiled last week its new incarnation: the Consumer Electronics Association (CEA). The announcement comes on the heels of a decision, made earlier this week by the Board of Governors of the Electronic Industries Alliance (EIA), to allow separate incorporation for its sector associations.
DVD-Audio may have gotten a boost on the production end with the impending release of DVD-Audio Creator LE, an authoring system developed and marketed by Sonic Solutions. Available October 15, the authoring system will sell for $5999, a price that could enable many small recording studios and mastering houses to begin working with the format. "DVD-Audio Creator LE puts powerful tools in the hands of professional mastering studios at a very low cost," said Dietrick Hardwick, DVD-Audio product manager at Sonic Solutions. "This enables facilities to significantly expand their service offerings by providing their clients DVD-Audio title creation at an affordable price."
As the boundaries between audio, video, and information technologies continue to blur, so will the corporate boundaries between Sony Electronics' audio, video, and information-technology divisions. Last week, Sony announced the creation of a new organization that the company says integrates its A/V and IT companies into one overall "Consumer Electronics Group," or "CEG." Sony adds that the new structure combines the company's Consumer Products Marketing Group and its Personal Network Solutions Company into one organization. Fujio Nishida was named president of CEG; the new organization will become effective April 1.
On March 12, Energy Conversion Devices, Inc. announced that Sony Corporation has expanded its royalty-bearing license under ECD's proprietary phase-change rewritable optical-memory technology to include advanced technology for use in rewritable CD and DVD optical-memory products. Phase-change technology, invented by ECD, is used in PD and CD-RW rewritable optical-memory discs.
Reuters has reported that Sony Corporation is experiencing a 20% drop in profits this year, brought about by poor showings from audio and video product sales, slow markets, price wars, and a lack of hit records. The report also stated that the electronics sector, which normally generates the bulk of Sony sales, saw operating profits decline by more than half compared to the previous year.
Recently, Sound Advice, Inc., a specialty retailer of high-end consumer electronics, announced plans to open five to six stores in Florida over the next 18 months. The company expects that two to three of the stores will be in operation by the end of this calendar year, with the balance to be opened in 1999. Sound Advice is also exploring other ideas, such as smaller-format specialty stores in upscale malls and other high-end retail locations that feature high-quality brand names.