All I can say is that if the standards keep right up there with the new
products then I'll - along with others - will have very little to
complain about.
I have the Bowers And Wilkins p7 Headphones which are damn good and I've
also owned a Bowers And Wilkins A5 and Z2 Speaker systems, both those
systems have new homes but I'm dead sure that the owner of same will
certainly not see them go from under his roof.
The Bowers And Wilkins T7 portable Bluetooth speaker system is widely
acknowledged to be one of the best portable Bluetooth speaker units
available on Planet Earth today.
On 4/05/2016 6:03 AM, Ted wrote:
Bowers and Wilkins sells to a tiny home automation startup
The most obvious question is why a trusted name in audio would sell to
such a young company. Well, Bowers & Wilkins CEO Joe Atkins hinted at
a sale last year before talks with Eva began. Atkins also admitted
that the company doesn't have the know-how to build audio gear that
leverages the cloud, despite a range of devices that allow users to
play music with features like AirPlay. We'll have to wait a while to
see any new products, as Yu says the first new gear is planned for
mid-2017. Perhaps Amazon's Echo
<http://www.engadget.com/2016/03/03/amazon-debuts-two-smaller-and-cheaper-echos/>
will see some competition next summer.
"We will have much, much more to announce when the time is right about
our vision and our products," Yu explained in a letter
<https://evaautomation.com/> announcing the acquisition. "In the
meantime, we will continue to work hard on developing a truly special,
highly integrated, and easy to use home A/V experience that I know
you'll love."
Eva Automation's acquisition of a well-established company is a bit of
a reversal in the startup world. Usually it's the long-running brands
nabbing up newcomers, but the opposite is happening here. While
financial terms of the deal weren't disclosed, Caledonia Investments
did sell its 20 percent stake
<https://uk.finance.yahoo.com/news/caledonia-investments-sells-20-stake-111300279.html>
in Bowers & Wilkins for £24 million cash and £500,000 dividend. With
some quick math, that gives you a rough figure of around £122.5
million ($175 million) for the total value.
Atkins will remain CEO of the joint venture with Yu serving as
executive chairman. Atkins, who owns 60 percent of Bowers & Wilkins,
will maintain "a significant" stake in the company. What's more, no
layoffs are planned, and the current lineup of Bowers & Wilkins audio
gear is staying put for now. For reference, B&W has a staff of 1,100,
all of which stand to keep their jobs after the deal.
"It will take some explaining," Atkins told /Bloomberg/
<http://www.bloomberg.com/news/articles/2016-05-03/speaker-maker-bowers-wilkins-sells-out-to-a-tiny-silicon-valley-startup>.
"I think when the verdict comes back, it will be clear that this is
exactly what Bowers & Wilkins should be doing."
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http://www.engadget.com/2016/05/03/bowers-and-wilkins-acquired-by-automation-startup/
http://www.engadget.com/2016/05/03/bowers-and-wilkins-acquired-by-automation-startup/
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