TWICE News

• Philips Posts Higher Overall Net, But Lower CE Sales During Q2
  
  By Steve Smith, July 16, 2007
  Amsterdam, The Netherlands — Royal Philips Electronics saw increased profits and higher sales for the second quarter companywide, but slightly lower sales and higher profits in its CE operations worldwide.
  
• Schultze Buys Tweeter
  
  By Alan Wolf, July 13, 2007
  Wilmington, Del. — Schultze Asset Management has acquired substantially all of the assets of Tweeter Home Entertainment Group for $38 million in cash and the assumption of significant liabilities following approval by the U.S. Bankruptcy Court here today.
  
• Vendors Waiting For Word On Tweeter's Future Strategy
  
  By Joseph Palenchar, July 13, 2007
  New York — Consumer electronics suppliers are anxiously waiting for Schultze Asset Management, the winning bidder for Tweeter Home Entertainment Group, to provide some clues about the direction of the 103-store specialty A/V chain after it emerges from Chapter 11.
  
• Samsung Profit Down, Stock Up On Takeover Report
  
  By TWICE Staff, July 13, 2007
  Seoul, South Korea — Samsung Electronics reported today its second quarter net profit fell 5 percent from the same period last year, but its stock rocketed upward on reports in the Korean newspaper Chosun Ilbo of a takeover attempt by Carl Icahn.
  
• 8x8 Adds Voice Recording To Virtual Office
  
  By Greg Scoblete, July 13, 2007
  Santa Clara, Calif. — VoIP provider 8x8 continued to build out the capabilities of its Virtual Office small-business telephony solution with the addition of an audio production store.
  
• Pentax Adds Optios Digital Cameras
  
  By Greg Scoblete, July 13, 2007
  Golden, Colo. ­ — Pentax will ship a pair of sub-$200 digital cameras to dealers in August and September, the company announced this week.
  
• Samsung Unveils Trio of 8-Megapixel Cameras
  
  By Greg Scoblete, July 13, 2007
  Ridgefield Park, N.J. — Samsung added three 8-megapixel digital cameras to its L and S series yesterday. The cameras are compatible with SDHC memory cards up to 4GB.
  
• JVC Adds To Headphones Line
  
  by Lisa Johnston, July 13, 2007
  Wayne, N.J. — JVC announced an addition to its line of noise-canceling headphones.
  
• Schultze Wins Bid For Tweeter
  
  By Alan Wolf, July 13, 2007
  Purchase, N.Y. – Schultze Asset Management, an investment firm specializing in distressed situations, placed the winning $38 million cash bid to acquire all of the assets of Tweeter Home Entertainment Group.
  
• 7% Gain Seen In Custom Electronics Sold Through Builders
  
  By Joseph Palenchar, July 12, 2007
  Dallas — The value of electronic amenities sold by builders of new single-family homes will grow 7 percent in 2007 to account for $10.1 billion in hardware sales and installation charges, according to a Parks Associates study.
  
• Survey: LG, Samsung Lead Cellphone Pack
  
  By Joseph Palenchar, July 12, 2007
  Dallas — LG and Samsung cellphones available in the United States offer a wider array of advanced entertainment features than Motorola or Nokia phones, a Parks Associates survey of consumers determined.
  
• Navigon Ships PND With Lifetime Traffic Updates
  
  By Amy Gilroy, July 12, 2007
  Chicago — Navigon announced pricing for its first two personal navigation devices (PNDs) in the United States, which are among the first to offer free real-time traffic for the lifetime of the product.
  
• Samsung Adds Mini Cams
  
  By Greg Tarr, July 12, 2007
  New York — Samsung used a line review here to show its fall camcorder entries, highlighted by one of the industry’s most compact high-definition models, and a dual-format cam that uses both recordable DVD and flash-memory storage.
  
• Gateway Notebooks Gain Color
  
  By Doug Olenick, July 12, 2007
  Irvine, Calif. – Gateway’s latest line of notebook computers will join the industry’s renewed interest in delivering colorful products designed to make a fashion statement along.
  
• Happy Nintendo CEO Greets E3 Crowd
  
  By Peter Suciu, July 12, 2007
  Santa Monica, Calif. — After trailing in the console wars for more than a decade, Reggie Fils-Aime, president/COO of Nintendo of America, easily summed up his feelings as he opened Nintendo's press conference at the Electronic Entertainment Expo (E3), here: “I am happy. Today is a celebration.”
  
• Sony Stresses Games, Price Cuts At E3
  
  By Peter Suciu, July 12, 2007
    Santa Monica, Calif. — Nintendo might be the comeback kid in video games, but Sony Computer Entertainment's (SCE) presentation at the Electronic Entertainment Expo (E3) emphasized that they aren't out of the game yet.
  
• Audiovox To Offer Low-Cost HD Radio, Internet Radios
  
  By Amy Gilroy, July 12, 2007
  Hauppauge, N.Y. — Audiovox will launch one of the lowest priced HD-Radio car stereo receivers this fall under the Jensen brand and plans to launch a line of home HD Radios and a line of Internet radios next year under the Acoustic Research and Audiovox brands.
  
• NEC Adds Two MultiSync Displays
  
  By TWICE Staff, July 12, 2007
  Chicago — NEC Display Solutions of America added two models to is MultiSync display line.
  
• Samsung Bows Holiday TVs
  
  By Greg Tarr, July 11, 2007
    New York – Samsung here Wednesday took the wraps off of its new high-performance TV models slated to ship in time for the holidays. Highlights included a lineup of LED-based LCD TVs, the company’s first Wi-Fi enabled plasma sets and a new 3D system for DLP-based rear projection HDTV viewing.
  
• Samsung Stresses Connectivity, New Configurations In Audio
  
  By Joseph Palenchar, July 11, 2007
  New York — Samsung unveiled its first iPod-docking audio system, first DVD-equipped shelf system and a receiver-based HTiB with HDMI 1.3 input for connection to high-definition disc players.