Directed Electronics

Directed Electronics Reduces Debt
January 25, 2008

The CE designer and marketer announced Thursday that it has reduced its total debt by 22 percent, paring $75 million from its deficit in the last fiscal year. That leaves $267 million in debt for the company, which designs speakers, accessories and other products for the Polk Audio and Definitive Technologies brands, among several others. “Our revenue and efficient use of working capital generated the cash flow necessary to pay off a meaningful portion of our long-term debt,” said Jim Minarik, the company’s president and CEO. Directed plans to continue keeping investors up to date on its progress in paying down the

People On the Move at Premier and Directed
September 21, 2007

Premier Promotes In response to growing demand for mounting solutions for distributors, retail and specialized dealerships, Premier Mounts has recognized three employees who have contributed to the company’s success. The company’s expansion of its sales support team includes the promotions of Yolanda Maldonado to sales support manager, Jeff Giron to sales support distributor & retail and Christopher Galindo to sales support key accounts. Since joining Premier Mounts in 1998 as a customer service associate and then distributor account manager, Maldonado has maintained relationships while offering exceptional service and support, the company said. Part of the Premier Mounts team since

Directed Acquires Trilogix
May 25, 2007

Directed Electronics, Inc. announced the acquisition this week of Trilogix Electronic Systems, Inc. and its affiliates for an undisclosed sum. Canadian-based Trilogix produces software-based products for for the installation of aftermarket remote start systems. Trilogix will retain its founder and President, Derek Schumann, and his management team. Directed recently acquired three other Canadian remote start companies: Astroflex, Autostart and Directed Canada, each of which are also focused on vehicle security. Kevin Duffy, Senior Vice President of Corporate Development and Marketing for Directed, said, “We expect this strategic, tuck-in acquisition to complement our leadership in the aftermarket vehicle

Reading The Mobile Road Map
May 1, 2007

Challenges and opportunities for mobile electronics retailers, and the aftermarket manufacturers who supply them, have never been greater. In less than 30 years, the automobile has morphed from a way of getting from here to there into a communications and entertainment hub that mirrors the driver’s home in almost every respect except square footage. And the aftermarket products that have made it so are all subject to the same market influences as their home-bound counterparts, plus one: Each innovation that shows up in the car is bound to be copied and eventually eclipsed, sooner or later, by OEM offerings. Dealerscope polled suppliers for their

Up in the Air
May 1, 2007

It’s a familiar enough scenario. Two industry giants who have been at each other’s throats for the last few years decide to shake hands and play nice. The goal: to join and form one large corporation. The challenge: Convincing everyone else you’re not out to destroy them, while simultaneously asking the FCC to forgive the concessions you made, namely to never merge in the first place. If XM and Sirius, the nation’s only two satellite radio companies, have their way they would operate as one entity, combining only financial assets and programming. On either side of this debate are folks who stand to lose

People on the Move
December 29, 2006

Directed Electronics, Inc. announced the appointment of Ronald F. Dutt to executive vice president and chief financial officer. He succeeds John D. Morberg, who is pursuing an opportunity outside of the company. Prior to this promotion, Dutt served as Directed Electronics’ executive vice president - finance, operations and legal. The 30-year business veteran held an EVP and CFO position previously at Sola International, the company at which he served before joining Directed. Devcon International Corp. has named Ron Lakey president and chief operating officer and president of Devcon Security Services. He will be responsible for the day-to-day operations of the

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December 1, 2006

Best Buy, RealNetworks, SanDisk Conspire to Kill iPod, iTunes Best Buy Co. Inc. creates a music service powered by RealNetworks Inc.’s Rhapsody service and optimized for SanDisk Corp.’s latest digital music players. Called the Best Buy Digital Music Store, it is based on the newly released Rhapsody 4.0, and Sansa e200R Rhapsody players. The players will come preloaded with 30 hours of music from EMI, SonyBMG, Universal and Warner artists. The move is designed to rattle the 88 percent share of the digital music download market held by Apple’s iTunes service and the better than 50 percent share of the digital music player market held by

Directed Electronics
December 1, 2006

Directed Electronics, Inc. (NASDAQ: DEIX) holds number one market share positions in premium home theater loudspeakers, consumer branded vehicle security and remote start systems, and aftermarket satellite radio receivers. Directed is also a major supplier of mobile audio and video whose portfolio of well-known brands includes Polk Audio, Viper, Definitive Technology, Python, Orion, Precision Power, and Astroflex. As we celebrate our 25th Anniversary and enter our second full year as a public company, Directed is making Giant Steps in delivering world-class quality products and services to millions of satisfied end users of our products. Directed owns many of the best known retail brands in

HD Radio Broadcasters to Give Away HD Radios
October 2, 2006

Starting this winter, HD Radio broadcasters nationwide plan to give away thousands of HD radio receivers in three product categories as part of a new promotion powered by iBiquity Digital. Car connect adaptors, which allow a user to receive HD content without swapping out their factory-installed receivers; Directed Electronics table top units, a three-piece with two detached speakers and external antennae and Sangean HDT-1 Tuners, designed for home theater systems; are all being offered by iBiquity to HD Radio stations at a third of their MSRP. Robert Struble, president and CEO of iBiquity Digital, says, “Now, more than ever, is the time

Mobile Electronics Roundtable
July 1, 2004

What better way to check the pulse of the mobile electronics industry than to go to the people who shape it? Dealerscope gathered top executives from four mobile market leaders and asked them to provide unique, insiders' perspectives on various aspects of the industry. To help guide the conversation, we asked Consumer Electronics Association's Mobile Division Staff Director Chris Cook to serve as moderator. AT THE TABLE: Jim Minarik CEO, Directed Electronics Keith Lehman VP, Car Electronics, Kenwood USA Dan Murphy Senior VP, Product Marketing & Distribution, XM Satellite Radio Chris Dragon Director of Brand Marketing, Harman Electronics Steve Koenig Senior Manager of Industry