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Cutbacks at Boston Acoustics; Results Up Elsewhere

It's a season of mixed results in the electronics industry. On April 9, Peabody, MA–based Boston">http://www.bostonacoustics.com">Boston Acoustics announced that it has slashed jobs due to a slow fourth quarter, reducing its workforce from 389 to 327 as a result of slowing sales. The loudspeaker manufacturer expects earnings of more than $4.2 million for the year ending March 31, a figure that puts the company in a profitable position despite a loss of close to $1 million for the final quarter.

Cutting Off the Studio Pirates

It has become commonplace these days for a hot album to hit the streets days—if not weeks or even months—before its official release, inspiring all manner of stupid promo tricks on the part of record labels. Pearl Jam's recent Riot Act was distributed to the press in portable CD players with the lids glued shut and last week saw the White Stripes record label create 500 promo vinyl LPs of the group's impending Elephant release in place of the traditional advance CDs in an effort to stymie the digital pirate's plans.

D&M Holdings on the Block?

D&M Holdings, Inc., the Japanese consortium that owns Denon, Snell, Boston Acoustics, McIntosh, Escient, and Marantz, is apparently on the marketing block. Rumors to that effect have been circulating since mid-March, although the company's websitehttp://www.dm-holdings.com/960_ENG_ASP.asp">website;, in a press release dated 04/15/08, coyly says only: "D&M Holdings, Inc. notes that recent press reports concerning the potential sale of D&M shares is not based on any information provided by the company."

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