Best Buy surges 13% on earnings

Best Buy's stock rallied Tuesday after the electronics retailer reported a substantial gain in quarterly earnings, helped by aggressive cost cutting. Best Buy said earnings jumped to $266 million in the quarter ended Aug. 3, compared with $12 million in the year-ago quarter. The company's stock jumped as much as 12.8% to $34.65. That helped it unseat Netflix as the S&P 500's top performer this year. Chief Executive Hubert Joly said Best Buy cut $65 million in annualized costs. He said the company has managed to slash $390 million in nine months, as part of an effort to cut $725 million. Looking ahead, Joly was a little cautious, noting that Best Buy has incurred some additional costs and an interruption in same store sales growth as it rolls out its new Samsung Experience Shops and Microsoft Windows Stores. Same-store sales slipped 0.4% for the quarter, but Joly said they would have been flat to slightly higher if not for the Samsung roll-out.  

En Pointe Replicates Office 365 Success with Adobe Creative Cloud For teams

En Pointe Extends Microsoft Office 365 Business Model to Adobe Subscription Services

Home Automation Technology Led by Sound and Vision Design

The business of controlling all aspects of work and home have transformed our lives in accessibility and information. Home automation is now a means in which we can remotely control lighting, temperature and climate control, electronics, and any other apparatus that can be electrically wired.

Almo Professional A/V Launches New Series of Buysing Guides

Includes Expert Information for Use as Educational and Sales Tools; Guides Focus on Digital Signage, Interactive Technologies and Video Walls

Linear Concludes 2013 Dealer Council Meetings

The third annual series was hosted in four cities and provided valuable insight on a range of topics, including: training, products, technology enhancements and more.

LUXUL ENHANCES HIGH POWER WIRELESS ACCESS POINT FAMILY

New Luxul Xen™ APs Improve Data Throughput and Extend Coverage Area with Support for Concurrent Dual-Band and Multi-Stream 802.11n

CRESTRON INTRODUCES 7-INCH ROOM SCHEDULING TOUCH SCREEN FOR FUSION RV®

TSW-730 offers larger, brighter display and gesture navigation to network room scheduling panels.

TV Will Drive Growth of OLED Materials Market, NPD DisplaySearch Reports

The growing importance of OLED materials was highlighted by the August 9, 2013 announcement that Samsung, the leading OLED panel manufacturer, was acquiring Novaled AG, a developer of common-layer OLED materials.

AT&T DIGITAL LIFE, New Home Security and Automation Service LAUNCHES in Six ADDITIONAL U.S. MARKETS

AT&T Digital Life Gives Consumers Control to Secure and Manage their Homes from Virtually Anywhere.

Next Generation Radius Fine-tunes a Winning Formula

Latest evolution of the original 'designer' sat/sub system introduces new models and all C-CAM driver technologies!

Swann Security Launches Cutting Edge DIY Video Doorphone Intercom Camera System

Doorphone 870 adds an added level of protection to your home, allowing you to see, hear and speak with who is at the door before you even open it

New Crestron HDMI® Extenders Support HDBaseT® and 4K Ultra HD

Low-cost, easy-to-install HD-EXT3-C and HD-EXT4-C extend HDMI up to 330 feet via HDBaseT over single CAT5e/UTP cable; black and white faceplates available

New Crestron HDMI® over HDBaseT® Transmitter and Receiver Support 4K Ultra HD

Ideal solution for direct interface to an HDBaseT source or display device or for DigitalMedia™ systems

SOUNDCAST HIRES LINDA VAN ZANTEN'S LVZ INTERNATIONAL

For New Business Development Outside of Europe And U.S. Markets

Platinum Tools® Debuts 360 Degree External Ground Crimp Tool at 2013 CEDIA Expo

Now Shipping, the Lightweight, Easy-to-Use CT-360 Performs 360 Degree Crimps on the External Ground Tab of Shielded RJ45 Connectors for Cat5e, Cat6E, Cat7, Cat56, and Cat6A Cables for a Concentric Termination with Full Control

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Automation & Control - Featured Product

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