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Dynaudio just sold 83 percent of their company to the Chinese. Watch for Chinese made Dynaudio's soon. What a shame.
Follow Ups:
Just saying.
Probably more customers exist in Asia as well.
This is being discussed on another forum where there are members that are also Dynaudio Employees. They were told that Ownership has changed but MFG is supposed to stay put. They claim that the Chinese money will help get things to market more quickly. (but at what expense?)
I do hope what employees are being told stays true after the first year. My company has changed hands 4 times since I worked here and of course each time we are all told nothing will change. But after the cooling off period, the changes slowly start happening, and not always for the better.
Whatever the outcome, my Pre-CH Audience 82s, 42s, and 122c will be more valuable.
Here is wishing one of my favorite speaker companies all the best for whatever the future holds for them!
see link
forcing audio companies to consolidate and move their manufacturing to cheaper places in order to stay afloat. That's not as much as "what a shame", as it is how business operates.
Just be happy that for now, Dynaudio was bought over, as opposed to just closing its doors.
Another view- IMO, this is a disgusting practice!
How true!
But would we want BMW selling out to Ford, for instance?
I wonder what happened to Jaguar, though?
.... It is isn't pretty.
When Jaguar was owned by Ford, Jaguar lost money hand over fist. The whole debacle cost Ford billions of dollars.
Tata came along, an Indian company, and turned Jaguar's fortunes around very quickly. Jaguars are still built in England but now under different ownership they are very reliable, good quality control and is now a profitable marque.
But would we want BMW selling out to Ford, for instance?
Depends who the "we" are.
Looking at the Jaguar debacle I suspect most people in the world would not want Ford anywhere need BMW.
Hold on to your hat, it is more likely Tata buying Ford than Ford buying BMW. If this were ever to occur the moral indignation on this site could be picked up with a shovel. :)
Smile
Sox
First thing Ford did was to revamp the archaic Jaguar electrical system which to be polite, sucked big time....
You know the classic joke about British drinking warm beer , right? They use Lucas refrigerators....
... Ford did one thing right and fudged everything else.
The reality is, Jaguar under Ford ownership was bad for the Jaguar marque and lost Ford billions of dollars.
Under Tata ownership Jaguar is having a huge resurgence and quality control is the best it has ever been at Jaguar. And importantly, it is now profitable.
Tata is succeeding where Ford failed miserably.
Smile
Sox
Actually it was Ford of Germany, who failed at jaguar,
Just so you guys know, there are ZERO Krell products made in China now. The 550i and 300i where made there, but were dropped from the line a few months back. All products are again made in the US.
Taylor
Jaguar Land Rover is profitable. Ford merged them after buying Land Rover from BMW. Ford sold both brands to Tata as a package and Tata continues to run them as a single business. Land Rover accounts for something like 80% of the sales and the vast majority of growth over the last 5 years. From what I read, Land Rover was always profitable under Ford and according to Tata, the combined unit of Jaguar + Land Rover became profitable in their last year under Ford. They posted big losses in their first years under Tata due to the GFC sales slump, and in the last few years they have rebounded big time like most other high end brands. Land Rover must be selling at least double the number of cars it did 5 years ago. When I'm in London, I see Land Rovers everywhere now, but still very few Jags. I hear Jaguar sales growth is stronger in China.
Without the capital infusion from Ford, Jaguar would have gone bankrupt. The same would have happened to the rest of the Rover group brands if not for BMW. These foreign investments saved the British auto manufacturing industry.
I don't know if Jaguar quality has really improved or not, but I would hope so. My wife and I have two lady friends who have owned Jags in the last decade and they were very expensive to keep on the road. Their performance wasn't particularly impressive either, so it's never been a brand that I'm interested in owning.
...Please be specific.
Cheers.
Smile
Sox
... it's just the sale and loss of the direction and vision.It sometimes is a good thing - Volvo, for instance, has improved greatly under its (Chinese) ownership.
But, Mark Levinson lost some of its vision (a premium line within the Harman publically traded company), and Thiel is now an entirely different company with an entirely different product focus it used to be coherent source loudspeakers, and while they weren't cheap, offered good value, now seems to be typical high order crossovers catering to the extremely wealthy and likely aimed squarely at high end installation. (To be fair since Jim Thiel passed away it is remarkable that they have survived to date - it was the perserverence of Kathy Gornick, I think)
============================
As audiophiles, we take what's obsolete, make it beautiful, and keep it forever.
Hey! I have a blog now: http://mancave-stereo.blogspot.com or "like" us at https://www.facebook.com/mancave.stereo
Edits: 10/25/14
s
Yes she has, because she had a strong disagreement with the direction. And Steve DiFuria did as well.
After they both left, there was a further direction change in their desire to be a (vague) "Luxury Brand" and you see their placement on golf courses when entertaining Gulfstream jet clients ...
============================
As audiophiles, we take what's obsolete, make it beautiful, and keep it forever.
Hey! I have a blog now: http://mancave-stereo.blogspot.com or "like" us at https://www.facebook.com/mancave.stereo
Interesting that you bring this up. In 1910 Ford sold its Volvo personal automobile business to a Chinese firm. Ford had allowed the quality, reliability and dependability for which Volvo had always been known to deteriorate. By all accounts the brand has been improved significantly since the change of ownership.
?
He is a numbers guy. Too bad as they are wrong numbers.
Obviously I intended it to be 2010. Perhaps a sign of my age?
... sold themselves out to the Chinese long ago. Yes, governments and corporations sell out too but finally, it's all up to the consumer.If we the consumers had said that we didn't want certain things and had actually refused to buy those things, then governments and corporations would not have been able to sell us those things - at least not forever. Consumers worldwide have proven to be just as greedy as their governments and corporations, as they've traded the short term benefits provided by plentiful/cheap goods for less immediately effective but longer lasting benefits. Now we have very few manufacturing jobs available at a time when we could really use them.
Some would counter that goods produced by western countries would never be able to compete, price-wise, in the worldwide market, because goods made in places like China will be so much cheaper. And that might be true if not for the fact that the western market remains a large part of the wordlwide market. Western countries could and should support each other for the workplace and lifestyle values and practices that they claim to cherish. But they don't... or won't. China might have been just fine selling to the Chinese or to the poorer countries that really needed their discount items, but we took their bait and now it might be too late for us to turn back again.
It's a funny thing. In the small redneck town I'm living in, driveways full of big gas-guzzling "American" trucks, cars, SUVs, RVs, horse trailers, sports machines, energy-inefficient homes, etc.., are seen as badges of honor and proud marks of the "American Lifestyle". Oh, these people just can't wait to hoist the American flag on each and every possible occasion! They are also bigots who nurture a special hate for Asians, because Asians were our enemies during some of our most recent wars (funny how they excuse white Germans, of which there are many around here). But, when the first big Walmart opened up here several years ago there those same flag-waving rednecks were - rejoicing, and practically breaking the doors down in order to lap up the cheap Chinese made products as fast as Walmart could stock them.
Edits: 10/26/14 10/26/14 10/26/14
"If we the consumers had said that we didn't want certain things and had actually refused to buy those things, then governments and corporations would not have been able to sell us those things - at least not forever. Consumers worldwide have proven to be just as greedy as their governments and corporations, as they've traded the short term benefits provided by plentiful/cheap goods for less immediately effective but longer lasting benefits. Now we have very few manufacturing jobs available at a time when we could really use them."
I'm afraid that barn door closed long after we had any idea the horse was even in the barn, let alone itching to get out.
I would love to buy "American", whatever that even means any more, but I'm limited by the realities of a retiree's somewhat reduced income and even more so by the prices on audio gear made here. Fortunately I'm blessed with several excellent systems purchased over the years that I switch out occasionally for a little bit of a change and no longer find myself longing to upgrade.
As to your last paragraph, I can only say "Amen"...and don't get me started on Walmart!
The breadth and depth of ignorance displayed in this thread about the most fundamental aspects of capitalism and business is simply breathtaking. Dynaudio, at least to my knowledge, is not a philanthropy nor a social welfare agency, therefore the expectations expressed here are incredibly wide of the mark. And then there is the ridiculous assumption that involvement by a Chinese entity means an automatic decline in quality.
Unfortunately the standard Chinese business plan is to undercut competitors' prices and sell to the mass consumer market rather than niche, up-markest.
Nowadays Western makers MUST sell to the high-end niche unless they move production off-shore. On-shore labor and other costs are supply too high for them to manufacture for the lower and mid-markets.
I love the music of ... ... Gustav Mahler
I don't necessarily disagree with your comments, but they're not really
responsive to my point about the assumption expressed in this thread that Chinese products are automatically inferior. But that issue palls by comparison with my other point about the ignorance of how business works.
Excellent point Feanor.
There are a few exceptions "on-shore", of course. Many of them seem to cater to the medium to low wattage/medium to high-efficiency school of hifi (Magnepan being a notable exception), which includes headphone hifi. These companies glide low and are happy to stay that way for the most part. Perpetually shrouded in mystery to some extent because they rely mostly upon word of mouth for sales, they rarely do shows or spend on advertising and generally keep all superfluous costs to a minimum. No affiliations.
Edits: 10/25/14
I don't care who bought it, seems like everyone wants to sell out to make a quick hit of cash. Nobody wants to work for a living ...
Ah well ... such is this day and age.
============================
As audiophiles, we take what's obsolete, make it beautiful, and keep it forever.
Hey! I have a blog now: http://mancave-stereo.blogspot.com or "like" us at https://www.facebook.com/mancave.stereo
Right On! Bromo
I never (knowingly), buy junk from china.
I don't think it is "selling out to" anyone in particular. The nationality isn't important, just the original energy and direction set by the founder is lost in most cases.
But ... to be fair, the death of the founder sometimes does that, too.
============================
As audiophiles, we take what's obsolete, make it beautiful, and keep it forever.
Hey! I have a blog now: http://mancave-stereo.blogspot.com or "like" us at https://www.facebook.com/mancave.stereo
Thanks! for sharing Sudz-
yes, it is important to post companies that are cutting corners w/ the chinese!
Thank you my friend. It's nice to hear from someone with common sense. This board can be scary at times.
Seems they wanted to avoid the predictable bigot feeding frenzy.
Hi, Sudz,
I'm not sure it's a shame, it's just all part of the shifting of power world-wide. It's inevitable. And if you read the PR at Dynaudio's web site, the purchase makes sense from a product development and manufacturing perspective. Let's face it, mid-to-high end audio isn't going to persist as we've known it; the demographics are heading towards fewer of us old farts and our paradigms of what a stereo system looks and sounds like. Wireless connections and streaming are the future and Dynaudio is already at the leading edge of the trend in wireless sound systems. This merger provides the opportunity to develop a complete package.
Regards,
Tom
PS: I own Dynaudio speakers, so I'm happy. They're probably worth more now. :-)
It does?
Hi, middleground,
Sure, in respect to the global economy. With the implosion of the Soviet Union, Japan's slippage from it's former economic prominence, and the European Union's financial troubles, China is filling the voids. The difference is that China is much smarter about it's role in the world's economy than Russia, has far more growth potential than Japan ever had, and is financially solvent in ways that most countries can only dream about. So the balance of power is shifting. As to whether the earth's center of gravity is affected, only time will tell.
Regards,
Tom
The owners of the US made China by outsourcing\offshoring.
Have the Chinese invented anything since gun powder?
Oh, I thought we were talking about Dynaudio and business decisions, world trade and the relationship to economic power. Not sure about gunpowder. Did the USA invent outsourcing? We seem to have perfected it. :-(
Tom
It's based on the love of money overriding the love of being a civil society or the love of actually building things.
The Chinese don't invent. They copy.
Though you are (hopefully) hundreds of miles away, your ignorance seems palpable.
"Once this was all Black Plasma and Imagination" -Michael McClure
Dude you are so clueless! Ok the Chinese invented a couple of things. Big whoop. They steal copyrighted material everyday from the United States. Our biggest threat to national security Isn't Isis. It's the Chinese government.
Didn't the Chinese invent firecrackers?
Seems like a fair statement.
Finally someone with common sense. Amazing.
...You hatred and bullshit has no place here.
Smile
Sox
Tell me what I said that wasn't true and I'll publicly apologize.
...Untrue? Most things you ever post. Just from one post;
1) The Chinese don't invent.
2) They steal copyrighted material everyday from the United States.
3) Our biggest threat to national security Isn't Isis. It's the Chinese government.
So there are three blatant untruths.
And this hateful racist gem;
The only thing I want to see the Chinese owning are Chinese restaurants.
I will leave you to it, Mike, I'm done with your low-brow pollution.
Smile
Sox
Everything I said was true! The comment about the Chinese should only own Chinese restaurants was a mistake and I will apologize for that. That was uncalled for.
Yeah, I thought you should have added hand laundries in there!
and if the chinese didn't have to speak only chinese in chinese restaurants, they'd receive less criticism.
just saying (as they say)
roger wang
Sad but true, you make some good points. I guess my Dynaudio's will be going in the trash next Thursday. The only thing I want to see the Chinese owning are Chinese restaurants.
Never takes long for the frightened to bare their ignorance in
this type of thread, though it took you longer than usual.
Did someone in this thread mention xenophobia?
"Once this was all Black Plasma and Imagination" -Michael McClure
ಠ_ಠ
From a business standpoint, I'm sure for those involved, things were very beneficial. While I am sorry to the lot that is probably gonna become an unemployment stat within the next 6 mos./year, as tomservo's link to the article he referenced (read if you haven't),I too have to agree- if there is a possibility for the company to advance, then all the power to them! I would move my company to a lower taxation area or sell my company to the highest bidder if the offer looked attractive enough...
Cheers,
Dman
Analog Junkie
about the state of the high end audio business and hobby, it appears that there's plenty of money still to be made by smartly run companies?
Otherwise the Chinese wouldn't be the least bit interested in Dynaudio, their not being anything even resembling dumb.
"Once this was all Black Plasma and Imagination" -Michael McClure
It's pretty safe when you have wage slaves to manufacture your stuff.
attract new investors!
Who knew (other than you and sudz)?
Tell us more oh knowing one!
"Once this was all Black Plasma and Imagination" -Michael McClure
Some miscommunication involved here...
Dude, you are not buying there speakers! Why do you care?
is that why YOU care?
"Once this was all Black Plasma and Imagination" -Michael McClure
I own C-1's bro!
speakers?
The past sure is tense.
Does that worry you over the future or are their other plots afoot lurking over you're shoulder like
a sullen waiter in a Chinese restaurant waiting for you to pay your bill, bro?
"Once this was all Black Plasma and Imagination" -Michael McClure
How cum?
and, apparently, under paid!
"Once this was all Black Plasma and Imagination" -Michael McClure
Hamlet, for instance?
I agree there is money in audio when you have a well recognized product like Dynaudio. All you have to do is have it made in China using 12 year olds and cheap parts. By the time joe public figures it out the Chinese will make bank.
Just how many so-called domestic manufacturers use domestically-produced drivers? Most of the drivers used in speakers today are made in China. As far as the quality of Dynaudio declining, don't you think the folks back in Denmark will have some say-so regarding Dynaudio labeled products? Or have you read the corporate documents detailing all of the aspects of this merger?
And yet despite the look on my face, you're still talking.
Edits: 10/24/14 10/24/14 10/24/14
No.
roger wang
True, everyone knows the Chinese can't drive.
If I said that I would be called a racist. I'm glad someone else said it.
It's not Dynaco bro, it's Dynaudio.
As long as you're correcting other's typos, try correcting your grammar first.
In your initial post you said Dynaudio's (a contraction) when it should have been Dynaudios (plural).
Later on you posted "buying 'THERE' speakers" (a preposition) instead of "'THEIR' speaker" (a possessive pronoun).
But you refused to address the issues raised, so we'll just count this as another FAIL on your part.
And yet despite the look on my face, you're still talking.
he was correcting your mental apparatus: confusing one company's name with another company's name. that's about content, not form.
you English speakers! a laugh a minute.
roger wang
What have you got against the Chinese? They have a strong work ethic and are a cheaper source than Denmark.During the Clinton presidency, the US granted MFN status to China, and since then, you can't buy hardly anything without it being made in China.
Personally, I think it would be great if they would turn their sales office outside of Chicago into a full-blown manufacturing facility, AND start selling raw hifi drivers again! Hopefully, the Chinese will agree.
:)
Edits: 10/24/14
Hi
Due to the states huge union pension deficit of more than 100 billion dollars which triggered the last large tax increase, Illinois has become one of the least friendly states towards business and that increase drove many companies out of the state to Wisconsin and Indiana where the climate is more favorable.
With the next tax increase scheduled for right after the election and no possibility of dealing with the outrageous pensions promises, things will not be getting better so far as business and employment.
The problem is in the cost of doing business here, even though the Chinese have to import & ship raw materials from other countries and then manufacture the product, then export it here and pay tariffs, taxes and shipping here, it is still much cheaper to do that than building here.
http://politics.suntimes.com/article/springfield/illinois-pension-debt-rate-nation%E2%80%99s-worst-moodys-report-says/sat-09062014-848pm
I hear ya. I know people in Illinois who say the same thing. One of them came right out and said this, more than FIVE years ago: "The State of Illinois is broke."
So, Dynaudio: Come to Texas! Build a manufacturing facility here! (Or, in China, which is now the world's largest economy, and growing. There's probably a bigger market there than here for Dynaudio speakers.)
:)
Is it Kansas that is doing so well Mr. Laffer, eugh sorry, Mr. tomservo?
"raise property taxes or cut services"
Typical government scare tactic.
They never seem to figure out how to trim their fat, i.e., excessively large workforce, unnecessary spending, extravagant benefits, etc.
This is getting too political, but what with your beliefs and the moderators here you are safe.
Not really. Someone made a comment about the cost of doing business and manufacturing in the U.S. While there is clearly a political aspect to taxes, government at all levels and of both Parties are guilty of using scare tactics to whip the townsfolk into submission. It's virtually political-neutral.:)
Edits: 10/24/14
Are you the inventor of the Political Pretzel Sound Bite?
...and not the "spin" of some rather prominent TV news stations...
Cheers,
Dman
Analog Junkie
I speak the truth [g], see link below....
-RW-
As a Canadian ex-patriot, relocated (LEGALLY, I might add) to the US, I don't see a problem with what has transpired.
In fact, IIRC, isn't the ideal/idea of Capitalism to make a living at doing something via the exchange of goods or services? whether it's done well or not doesn't seem to matter to a lot these days, unfortunately?
Part of that ideal/idea (at least, as I see it) is being able to do with your business what you like (obviously within legal parameters, unless you are in bed with certain gov't officials)? If these two things are true, then I see no problem for Dynaudio choosing this course.
Obviously, people will be out of a job(s). Sure it will add to the (under and non) employment issues that we have, but that is life! If systems aren't/weren't in place to cope with that, we have only ourselves to blame for being a little too self centered with our own well-being to be bothered to worry about our proverbial brother(s)...
I've been both the underemployed low man, and I've also been the business owner. I've lived both the "sell-out-to-the-highest-bidder" and "sold-out-from-under" thing. Do I have a thicker skin as a result? Did I struggle to get through and reinvent myself? Sure on both accounts!!! Maybe one could say it is "Economic Darwinism" in two parts- the weak will go bankrupt while the strong will become wealthy- AND/OR- those who have made a living and are now ready to retire (really meaning; move onto the next goal in life). In other words; THEY EVOLVED (regardless of what Christianity might say- I DO believe in Economic Darwinism!).
Then again, this is only MY opinion.
YMMV...
Cheers,
Dman
Analog Junkie
The west is so sneaky. The chemicals and processes banned in 1st world countries (but allowed in Asia) are enabling dangerous speedy gene mutations within the Asian populace. Symptoms include high fever and hemorrhaging as the eyelids change shape from narrow to ovoid.China - the world's greatest dumping grounds.
Edits: 10/24/14
source below
Edits: 10/24/14
GoerTek manufactures/supplies cheap Electret Condenser Mics (ECMs) Audio/Telecom Industry
If not then it is a sickening pure greed move by the major shareholders. I doubt it is a publically traded company so unless they were desparate for cash they probably weren't under any pressure to sell.
I always saw Dynaudio as one of those long term audio success stories, now that vision is shattered.
About ten years ago Dynaudio was bought by TC Group (that's when they stopped supplying raw drivers to individuals and doubled the price of spares), were subsequently spun off again and now sold to China.
TC Group held on to Tannoy who they purchased a year earlier.
Dynaudio was farming out subassemblies to China about a decade ago. So it is no surprise. Even 8 years ago, on their boxes holding their drivers one could read, Denmark, some other place, and China printed on the box itself.
IIRC, a lot was already being subbed out to China but they were afraid to fully admit how much. Well, now that China owns them outright, its not an issue any more.
I am sad to say that I agree entirely with Morricab, that this "transaction" respresents the end of Dynaudio as we have known it. The company has decided to cash out, like many Hifi Companies before them.
We have seen this before...the Chinese bought out Krell in the mid-2000's. The name Krell still appears on the new products but audiophiles know that the new Krell products are nothing like the old.
Similarly, when the Chinese bought out REL, they wasted no time laying off all the English REL staff. The new Chinese REL products are in no way comparable to English REL products.
I can go on.
The Chinese bought Rogers loudspeakers in 1993 and by 1998 had closed down the (English) speaker building operation entirely. Rogers products ceased to be traded except in the Far East where you saw the Rogers name attached to vacuum cleaners. It seeems the Chinese only saw value in the name and trademark.
The Chinese bought the English Verity Audio Group (including the venerable Mission brand) in the late nineties. Since then the former Verity brands have virtually vanished.
I also think that its telling that Chinese hifi collectors (who are busy vacuuming up all the world's best hifi) won't touch the products of the Chinese-owned companies. They prefer the originals. They know the difference.
You see Krell being sold by the big mail order firms. That gear is made in China
.
What a totally uniformed, lame post.
First, to get this out of the way, you obviously have never taken the time to hear Chinese home grown hifi from Eastern Electric, Meldoy, Line Magnetic, or even the Auralic Vega.
Secondly, just as many companies have been led astray by being acquired by domestic or non chinese companies. The company known as Thiel was gutted by local buyers who are now destroying the legacy by tossing aside all of Jim Thiel's designs.
McIntosh was owned by a Japanese company for decades and they were led down the path of solid state hell.
Perhaps you have heard of Marantz? They also have been owned for a long, long time by a Japanese company and their current products are superb.
Lots of blather here.
Big difference between Japan and China currently.
That China may catch up is probably assured. That China has a lot to live up to is also very true, too however.
Made in Japan in the 50's and 60's was a synonym for poor quality. Today it is a mark of quality.
Incidentally Mac was bought out by Japan car stereo giant Clarion. They did not institute any changes in Mac production but did insist that they make some car stereo gear.
Marantz went through the wringer, through a host of ownerships that produced cheap crap ( Sanyo at one time owned the name). when Philips tried to enter the Japanese market, it was more economical for them to buy out the Sanyo factories and name than to try and establish the Philips name in Japan. They pumped a lot of investment into Marantz and eventually the Japanese division bought out Philips, a good thing because Philips has ended all consumer electronics as of last year.
Marantz is now a 40-60 partner with Denon ( D-M holdings), and the two share technology. Their pro stuff will carry either name....
China despite fears, can produce decent stuff. In talking to certain far east manufacturers like Usher, they are careful to point out that they are Taiwanese, not mainland China, and obey all world wide patents and such. There is a distinction although it may be lost on most.
API, home company to Mirage, Energy, and such, once the largest speaker manufacturer in the world is switching to China. Interestingly they tie in their production payment to the QC of shipments. 5% failure or reject and they do NOT pay for the entire shipment (this was 8 years ago so it may have changed). They report that reject rate fell to 0.5%, even better than their Canadian made product.
With ISO certification China is slowly upping their manufacturing quality. I would say they are where Japan was at in the mid 60's
FWIW
I have never heard that.
Is there a real source for that, such as a trade journal such as TWICE, or is that merely a supposition based upon the fact that Mr. D'Agostino now has a new company?
My understanding is that the investor who "ousted" Mr. D'Agostino was local.
jm
KT Capital Partners is what I originally heard.
There was also talk of KP Capital Partners .
If you don't become the ocean, you'll be seasick every day.
—Leonard Cohen
You could be right. All I can confirm is that the new products are "Made in China."
But perhaps my memory on that is faulty.
In the grand scheme of things, no matter, because:
Perhaps you also heard about the United States Consumer Product Safety Commission's action about Krell amplifiers catching fire, while Krell was 100% American owned. And the CPCC recall says those amps were made in the USA, and I assume that the CPCC knew what they were talking about.
Amplifiers Recalled by Krell Industries Recalled Due to Fire Hazard
FOR IMMEDIATE RELEASE
August 19, 2009
Release # 09-312
Firm's Recall Hotline: (888) 436-6055
CPSC Recall Hotline: (800) 638-2772
CPSC Media Contact: (301) 504-7908
Amplifiers Recalled by Krell Industries Recalled Due to Fire Hazard
WASHINGTON, D.C. - The U.S. Consumer Product Safety Commission, in cooperation with the firm named below, today announced a voluntary recall of the following consumer product. Consumers should stop using recalled products immediately unless otherwise instructed. It is illegal to resell or attempt to resell a recalled consumer product.
Name of Product: Amplifiers
Units: About 2,300
Distributor: Krell Industries LLC, of Orange, Conn.
Hazard: The amplifiers were designed to operate at a temperature warm to the touch. However, a component input device can fail and cause the amplifiers to overheat, posing burn and fire hazards to consumers.
Incidents/Injuries: Krell has received 50 reports of the amplifiers overheating including reports of smoke and electrical fire. No injuries have been reported.
Description: This recall involves Krell power amplifiers with model numbers KAV-250a, KAV-250a/3, KAV-500i and KAV-1500. The amplifiers are used to provide power to a loudspeaker in a home audio playback system. The Krell logo is printed on the front of the amplifier.
Sold by: Authorized dealers and distributors of audio equipment nationwide from January 1997 through February 2001 for between $3,000 and $8,000.
Manufactured in: USA
Remedy: Consumers should immediately stop using the amplifiers, and contact Krell to schedule the free installation of replacement fuses.
Consumer Contact: For additional information contact Krell at (888) 436-6055 between 9 a.m. and 4:30 p.m. ET Monday through Friday, or visit the firm’s Web site at www.krellonline.com. Consumers can also email the firm at service@krellonline.com
Have a nice quiet weekend.
jm
see link
see link
made in China?
"Once this was all Black Plasma and Imagination" -Michael McClure
'Tis not as deep as a well, nor as wide as a church door; but, 'twill do; 'twill serve...
jm
good enough, good enough.
with such complacency from that quote, you should change cultures and be Chinese.
roger wang
Good ol' Made in the USA amps catch fire, the dog and cat save themselves, and the family is saved by Made in China smoke detectors.
I like it!
JM
i just wonder, since you know the industry so well, why developed countries can't find ANOTHER (under-developed) country to manufacture and supply them with equipment. Mexico? India?
thanks for interest.
roger wang
I have no special knowledge of "why not elsewhere," but I do have general knowledge that a large industry such as automobile manufacturing consists not only of the major industry players but countless consultants, jobbers, job shops, prototyping shops, etc. that can turn work around faster than large bureaucracies can.
So, for that reason, car makers including transplants cluster in the upper half of the middle third of the US.
When there are exceptions, such as Mercedes' SUV plant in Alabama, the explanation usually is that the cars' major components come from the home country. I was told that the Mercedes SUV when first built in Alabama was built around an assembly consisting of from the engine through the steering wheel, that was already assembled and QC'ed in Germany.
That is why no matter what incentives a state like Rhode Island can offer, no foreign car maker will locate a plant here, because the little infrastructure we have is keyed to the nuclear submarine business in nearby Connecticut.
But, things change. But I would not hold my breath for India to come on line very soon. China is unique.
jm
.
What does that have to do with the price of tea in China?
jm
he he
... What a load of xenophobic drivel.I phone my broker, hey, see how much you can offload my stake in XYZ company for.
Hey, Mr Sox, I have a buyer, one hundred dollars per share. I say sold!
Ooops, excuse me Mr Broker, if it is a Chinese company tell em to shove their offer up their rice hole.
Before your sneeze all over yourself, YES, I know it doesn't quite work like that when offloading parcels of privately owned companies but the principle is the same.
It's good to see xenophobia is still running strong around this place.
EDIT; See link. It seems the horrible founder of Dynaudio sold out to see his vision continue. The greedy bastard! LOL
Smile
Sox
Edits: 10/24/14
.
"I phone my broker, hey, see how much you can offload my stake in XYZ company for."
You still phone a broker?! You DO realize this is 2014?
Sorry, forgot, you're in OZ.
:)
... Enlighten the board with how you sell unlisted shares in a private company?
Duh!
Smile
Sox
Here we go again with the devils advocate trip. You remind me of Phil Donahue. I am sure you have no idea who that is.
... You say;
This dude is behind on a lot of stuff.
Just answer the question;
Enlighten the board with how you sell unlisted shares in a private company?
Here is a hint, you need to phone a broker or meet in person with a broker.
Smile
Sox
Btw- Phil Donahue was a talk show host in the states in the 70's and the 80's. His Schtik was to always play Devils advocate on the show. Similar to what you do here.
Of course I know who Phil Donahue is.
Your idiocy is well known around AA but stay on point sudz.
In your eagerness to impugn me all you did was highlight how ignorant you are about how business works.
You charge me with;
This dude is behind on a lot of stuff.
So again, how about you put me straight and answer the brain-dead simple question.
Enlighten the board with how you sell unlisted shares in a private company?
Smile
Sox
Your a god dude. Everyone here knows how smart you are. What I can't understand is why you feel the need to always prove yourself. That is the real important question of the day.
... Rhetorical ol' son, rhetorical.
Smile
Sox
To your question.Nothing in your earlier post suggested you were selling shares in a private company. How were readers supposed to know that, or even assume that? Once again, your self-important arrogance and condescending attitude are on display, which is why I rarely reply to your posts.
Around here (meaning the USA), brokers generally cater to folks who have an aversion to trading online - people who like to do it the old-fashioned way - or don't even have a brokerage. Also, VERY large clients will have a broker. I used to use a broker on the phone at Merrill Lynch - back in 1990. LOL You must be a VERY large client, which accrues to your self-important god-like image of yourself.
Also around here, a broker rarely has a buyer AND a seller for private company shares. Mostly, such transactions are initiated between the buyer and seller, and handled by their attorneys. Of course, all stock transactions must go through the SEC and/or other government agencies, and so brokerage firms often get to play a role, if only to be sure someone didn't screw up and violate some damn rule. But "call my broker"? Ha!
The last time I was offered shares in a private company was when I worked at JPR (Joiner-Pelton-Rose) audio/acoustical/noise/vibration consultants. Ha! I declined. Within 4 years, the company went under, although it had been around for at least a couple decades. Although, Russ Berger went off and did his own thing and is very successful, and Jack Wrightson and Jim Johnson also did and are very successful. I went into the personal computer biz, and was very successful. David Joiner split town and went to the Austin area to set up a new company.
Now, if I were offered shares in, say, Chick-fil-A, I'd probably go for it. Dan Cathy, the COO, is a big jazz fan, as am I. But I doubt either of us would be calling a broker to say "buy!" or "sell!".
Edits: 10/28/14 10/28/14
And stop with your faux indignation.
You were trying to take the piss out of me but instead you pissed all over yourself, dummy.
Before your sneeze all over yourself, YES, I know it doesn't quite work like that when offloading parcels of privately owned companies but the principle is the same.
FFS
Smile
Sox
Eye-yie-yie.You are damn near as good as Obama at burying a word in a paragraph.
It's almost like Hillary Clinton saying "good" healthcare. I picked up on that. Many others didn't.
:)
Edits: 10/28/14
This dude is behind on a lot of stuff.
Why Xenophobic? I think it is sickening that they sell at all, not necessarily to the chinese. Regardless of who it is to the guys at the top just want to cash out and don't give a rat's ass about the future of the products that come out of the company.
China will probably teach them a thing or two...but I doubt it will be about making better speakers.
... Because oh yeah, if Dynaudio had sold to a Danish audio company I'm sure you would have posted exactly the same thing. No? Kid yourself if you like, your comments are obvious.
As people get older what do you expect them to do?
Got any rational ideas on how a person who starts a company retires?
You say "cash out" like it is a bad thing?
What is this idiocy you imply about the founder of a company having some obligation about future products? Sounds naïve in the extreme to me.
China will probably teach them a thing or two...but I doubt it will be about making better speakers.
Sounds arrogant to me.
Carry on.
Smile
Sox
Depends on the nature of the Danish company they sold to. If that other company specialized in, let's say washing machines, I would probably have a negative comment to say. If they had consolidated with Dali I don't think I would care much.
BTW, in Europe there are many old Breweries that have carried on with traditional recipes for centuries...so continuity when the original owner retires or dies IS possible.
Cashing out isn't always bad but in this case it means probably wholesale change in the business he founded...like the sale of Thiel once Jim Thiel died. The new products don't even remotely resemble the products that the company built it's reputation on.
"What is this idiocy you imply about the founder of a company having some obligation about future products?"
Not idiocy at all but companies that care about their reputation more than profits.
Not arrogance, experience with Chinese products. Sure they are improving and will one day reach the same level of craftsmanship...but they aren't there yet.
... How successful Dynaudio is in the future. My guess is their future is bright.
Dynaudio is 37 years old and comparing it to breweries is silly. I doubt any speaker/audio company founded in 1977 will have the same traditions of manufacturing audio gear in centuries to come. Time will tell LOL.
I'd also say Dynaudio speakers are better today than they were in 1977. YMMV.
"Cashing out" is inevitable. There is rarely an alternative, except maybe going broke.
You mention Thiel, are you suggesting Thiel was uncaring because he died? Enlighten me about what YOU think should have happened after Thiel
died and how your views about Thiel would be implemented?
Some manufacturing in China is world class. Like in every country there is good and bad.
The irony is it is the insatiable greed of the West which has most empowered China. China can't force anyone to buy anything. But the West loves making money with China, as they should.
Lastly, I think you, and many others on this site, are ignorantly & arrogantly impugning the character & motives of Wilfried Ehrenholz for no other reason than your intrinsic hate & fear of China.
Smile
Sox
... It is sickening to see capitalism at work.
Those Danes should have sold for less money to an American company.
I just shake my head at you xenophobic clowns.
Smile
Sox
As always you play devils advocate. I guess that's your M.O.
I don't see that he does. Sox is pure neo-con.
... The irony goes straight over your head.
Smile
Sox
No matter where a speaker driver company is based, 96%+ of speaker sub assemblies are made in China already. China makes virtually 100% of metal cones and domes(maybe not forged beryllium domes, though).Not necessarily bad for consumer. They use toxic glues banned in first world countries
Plus China is.officially.the biggest world economy.
Edits: 10/23/14
Isn't Eminence still entirely US-made? (Well, as US-made as it can be, without getting into wire or magnet production...)
Not sure about that, but I thought they were.
Jim J.
And it's all Mitt Romney's fault.
LOL
Hey how bout that law that passed 10 years or so back giving a tax credit if you build a factory in China. That helps who?
ET
The shame is not on the Chinese.... It's on our own government, whose rising taxes and inflated wage requirements have made foreign business attractive and viable.
Is it possible you don't know that Dynaudio is not a USA company and that your comments are therefore irrelevant?
"Is it possible you don't know that Dynaudio is not a USA company and that your comments are therefore irrelevant?"
I presumed Dynaudio was an American company.... I knew Bang & Olufsen was a Danish company, but I had no idea Dynaudio was one too.
But I've seen too many American companies go foreign.... For the very reason I stated above.
Hey cuz, I have owned Dynaudio speakers for 20 years! I know where there made.
I didn't direct my question to you.
Oh yes slavery is what separates the real economies from the also-rans.
silly me.
the people get the trickle down.
"Once this was all Black Plasma and Imagination" -Michael McClure
Sad...........
I was a vegetarian for 15 minutes, until the main course.......Meat; It's the right thing to do. Romans 14:2
... as a sort of "status symbol", I guess?
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