Large companies may be chopping jobs by the thousands, but there are signs elsewhere that the economy is still booming. Recent figures from electronics retailers Best Buy and the Tweeter Home Entertainment Group and from Sony Electronics indicate only a partial slowdown in spending for quality audio/video gear.
Success begets success. Canton, Massachusetts-based Tweeter Home Entertainment Group, Inc. announced February 2 that it has acquired Home Entertainment of Texas, Inc. The acquisition gives Tweeter a solid foothold in the Southwest, and is the latest in a takeover campaign that has enveloped two successful regional chains in each of the past two years.
Canton, MA-based Tweeter Home Entertainment Group (NASDAQ: TWTR) has gone public. Last Thursday, July 16, the East Coast audio and video retailer launched an initial public stock offering of 2.71 million shares at an offering price of $17/share.
An intriguing loudspeaker technology which generates believable surround effects from only two small enclosures will be arriving at stores later this year, according to a February 24 announcement from Nirotek America Corporation.
One of the most enduring obstacles confronting audio engineers has been how to generate powerful low bass without the need for large loudspeaker enclosures. It's been generally accepted that really effective low bass means moving large quantities of air, which in turn means large drivers in large cabinets. Large loudspeakers, unfortunately, don't meet the approval of many dcor-conscious homeowners. It's a longstanding problem for music lovers, home theater fans, and custom installers.
The intentional deafening of monkeys by researchers at the University of California, San Francisco has provoked a strongly worded protest by Paul McCartney. In a letter dated July 6, McCartney complained to UCSF Chancellor Michael Bishop that "there can be no excuse for inflicting such misery" on animals used in such experiments. The letter was the latest salvo fired in a controversy going back to early February.