Latest news with #Electronics
Cision Canada
3 hours ago
- Business
- Cision Canada
Ewing Morris Calls for Strategic Alternatives Review to Unlock Value at Stoneridge
TORONTO, /CNW/ - Ewing Morris issues this letter to fellow shareholders, calling for a comprehensive strategic review of Stoneridge following years of chronic underperformance. Stoneridge's subscale business and market capitalization have orphaned Stoneridge at the expense of shareholders. MirrorEye is a highly strategic asset, worth more than Stoneridge's current enterprise value. Over $20 million of synergies are estimated to be available to a strategic buyer. Excuses to "wait" – such as tariffs and other external factors - do not justify maintaining the status quo. Fellow Stoneridge Shareholders, Ewing Morris & Co. Investment Partners Ltd. ("Ewing Morris"), a top-five shareholder of Stoneridge Inc. (NYSE: SRI), today issues an open letter urging the Board to initiate a comprehensive review of strategic alternatives. We believe Stoneridge's continued underperformance, coupled with the strategic value of its MirrorEye technology, makes the case for change urgent and compelling. A sale to a strategic buyer could unlock over $30 million in cost synergies, scale MirrorEye more rapidly, and deliver superior outcomes for all stakeholders. Funds managed by Ewing Morris have been shareholders of Stoneridge since early 2021. Like you, we have grown increasingly frustrated with our company's underperformance. Consider that Stoneridge: Missed EBITDA guidance in three of its last five quarters. Consistently reduced guidance throughout each of the last three completed years. Underperformed its peer group by 87% 1 over the last five years. A sale of Stoneridge to a strategic buyer would benefit all stakeholders: Customers would enjoy improved quality and efficiency. Employees would prefer a larger, more financially stable employer. Society would benefit from the accelerated adoption of MirrorEye, which would improve highway safety for everyone. Shareholders would realize value for their investment. We believe that a strategic acquirer could achieve at least $10 million of synergies from corporate overhead alone 2. We further believe that a strategic acquirer could leverage its existing buying power to realize synergies of at least $10-20 million 3 from lower input costs. Combined, we believe that a strategic acquirer could realize $20-30 million of synergies. In addition to cost synergies, we believe that a strategic acquirer could accelerate growth in Stoneridge's Electronics business, specifically its MirrorEye product. MirrorEye delivers significant cost and safety benefits to fleet owners. Stoneridge has secured line-fit with most truck OEMs in North America and Europe. Annual revenue from MirrorEye is expected to double in 2025 to ~$120 million 4. Over time, as customer take-rates rise, MirrorEye could drive more than $55 million of incremental EBITDA: In addition, we believe that a larger company could increase investments to accelerate MirrorEye adoption in adjacent markets (transit buses, school buses, delivery vehicles, etc.). At today's stock price, the enterprise value of Stoneridge is approximately $325 million 6. The table below shows that Stoneridge trades at a low multiple of its potential earnings power: Having recently been removed from an important small cap index, the company faces further illiquidity and a shrinking universe of potential shareholders. We have concluded that the best way for Stoneridge's Board to unlock value for shareholders is to immediately begin a review of strategic alternatives with the goal of maximizing shareholder value, which may include a sale of the business or its key assets. It has become clear that Stoneridge's lack of size and standalone strategy are no longer viable. The path forward is clear: initiate a comprehensive, professionally managed sale process. We are confident that the value realized by shareholders from this process will far exceed the status quo. We encourage supportive shareholders to share their views directly with Stoneridge's Board. Sincerely, John Ewing Darcy Morris Co-Founder and CIO Co-Founder and CEO Additional Information: The information contained in this public letter does not and is not meant to constitute a solicitation of a proxy within the meaning of applicable corporate and securities laws. While Ewing Morris may take additional steps in the future, which may include requisitioning a meeting of unitholders of Stoneridge, soliciting proxies of unitholders, filing a dissident information circular and/or other actions or steps, no such decision has yet been made, nor has any requisition of a meeting been submitted to Stoneridge. There is currently no record date or meeting that has been called and unitholders are not being asked to execute or not execute a proxy with respect to any matter (including any potential nominees of Ewing Morris). About Ewing Morris: Ewing Morris & Co. Investment Partners Ltd. is a value driven Canadian investment firm established in September 2011 by John Ewing and Darcy Morris. Our aim is to achieve preservation and growth of capital for our Limited Partners by focusing on inefficient markets. We do this by relying on fundamental analysis, high conviction and the use of flexible capital. We manage strategies with a focus on small and mid-cap companies. We manage investments for individuals as well as charitable organizations, institutions and corporations. _____________________________ SOURCE Ewing Morris & Co. Investment Partners Ltd.
Time Business News
4 days ago
- Business
- Time Business News
MITS Deemed to be University Engineering Admissions 2025
mits-deemed-university-engineering-admissions-2025 Madanapalle, Andhra Pradesh – MITS Madanapalle, recently accorded Deemed-to-be University status by the Government of India, has opened Engineering admissions 2025 for MBA, MCA, and programs. Known for its NAAC A+ Grade, NBA-accredited programs, and AICTE approval, MITS is now a fully autonomous higher education hub offering future-ready engineering specializations, research opportunities, and merit-linked fee concessions. Academic Autonomy : Industry-focused curriculum in AI, ML, Data Science, Cyber Security, IoT, and next-gen tech. : Industry-focused curriculum in AI, ML, Data Science, Cyber Security, IoT, and next-gen tech. Strong Placement Network : Proven record with top recruiters. : Proven record with top recruiters. NAAC A+ & NBA Accredited : Assurance of quality and outcome-based education. : Assurance of quality and outcome-based education. Global Linkages : Student exchange, International MoUs. : Student exchange, International MoUs. Affordable Merit-Based Fee: Tiered structure rewarding academic performance. MITS offers a total of 2,880 seats across UG, PG, and programs: Branch Seats Computer Science & Engineering (Core) 900 CSE – Artificial Intelligence (CAI) 360 CSE – AI & ML (CSM) 300 CSE – Data Science (CSD) 360 CSE – Cyber Security (CSC) 180 Electronics & Communication Engineering (ECE) 180 Electrical & Electronics Engineering (EEE) 60 Mechanical Engineering (MEC) 60 Civil Engineering (CIV) 60 Program Seats MCA (Masters in Computer Applications) 180 MBA (Masters in Business Administration) 180 Specialization Seats in Computer Science & Engineering 30 in VLSI & Embedded Systems 30 Premium CSE Specializations (AI, ML, Data Science, Cyber Security): ₹1,79,000 to ₹2,25,000 (based on merit tier) (AI, ML, Data Science, Cyber Security): ₹1,79,000 to ₹2,25,000 (based on merit tier) Core CSE : ₹1,79,000 to ₹2,25,000 (based on merit tier) : ₹1,79,000 to ₹2,25,000 (based on merit tier) ECE : ₹1,59,000 – ₹1,80,000 : ₹1,59,000 – ₹1,80,000 Mechanical / Civil / EEE : ₹1,26,000 : ₹1,26,000 MBA / MCA: ₹90,000 – ₹99,000 (Fee concessions depend on JEE Main %, AP/TS EAPCET ranks, or Inter (+2) marks) Visit Website for more details ➡ Application Mode : Online / In-Campus : Online / In-Campus Eligibility : For – JEE Main / AP-TS EAPCET / +2 Merit For PG – Graduation with minimum 50–60% (program dependent) : Admissions Status: Started Official Website: 📞 +91 8712655132 / 8712655138 / 8712655134 / 9100601116 TIME BUSINESS NEWS
CNET
7 days ago
- CNET
This Compact, Waterproof Bluetooth Speaker Offers the Best Value for My Money
With many of us worried about tariffs raising prices on electronics, I'm always looking for products that offer good value. If a Bluetooth speaker is on your list of things to buy, I highly recommend the Anker Soundcore Boom 2. I awarded the Soundcore Boom 2 a CNET Editors' Choice among the list of best Bluetooth speakers because it's well-priced and delivers impressive sound, making it an excellent value. There are plenty of Bluetooth speakers to choose from, but the Soundcore Boom 2 stands out for its compact, waterproof design and great value for the money. Compared with its competitors, this mini boom box speaker is already a good deal at its list price of $140. That's especially true when you can find it on sale. Right now the black version is $20 off at Amazon. I liked the original Soundcore Motion Boom, which made our list of the best Bluetooth speakers and was one of the better mini boom box Bluetooth speaker values in the past few years. It goes for $110 on Amazon. The 3.66-pound Boom 2 is priced a little higher but sounds substantially better, with more than double the power rating of the original, so it not only plays louder but kicks out more bass and offers better clarity at higher volumes (it's equipped with two tweeters and one subwoofer). It also has a couple of built-in LED lights to help create that party vibe. Hey, did you know? CNET Deals texts are free, easy and save you money. Anker Soundcore Boom 2 speaker specs Here are the details about this mini boom box Bluetooth speaker. Drivers: 50-watt, 4-inch racetrack subwoofer and dual 15-watt tweeters 50-watt, 4-inch racetrack subwoofer and dual 15-watt tweeters Dimensions: 11.65 x 7.28 x 3.98 inches 11.65 x 7.28 x 3.98 inches Weight: 3.66 pounds 3.66 pounds Battery life: Up to 24 hours at moderate volume levels Up to 24 hours at moderate volume levels Bluetooth version: 5.3 (100-foot or 30-meter wireless range) 5.3 (100-foot or 30-meter wireless range) Water-resistance rating: IPX7 (fully waterproof and floatable) IPX7 (fully waterproof and floatable) Additional features : Built-in light show, customizable EQ, PartyCast 2.0 (link additional Anker speakers) : Built-in light show, customizable EQ, PartyCast 2.0 (link additional Anker speakers) Universal remote: Included Roku remote controls most TVs Why I like this Anker speaker The speaker's design isn't sleek or eye-catching, but it's attractive enough and just the right size -- neither too big nor too small -- and you can choose among three colors. It also seems pretty durable, although it doesn't have a dust-resistance rating. The Boom 2 is fully waterproof (IPX7-rated) and floats should it fall into a body of water. Additionally, there's a USB-out port to charge your devices. Battery life is also good. The speaker's rated for up to 24 hours of playback at moderate volume levels (it charges via USB-C, which is good) and you can tweak the sound and customize the lighting with the Soundcore app for iOS and Android. Battery life does dip if you engage the bass boost or activate the LED lighting. Read more: Anker Soundcore Boom 2 Review Another Anker speaker to consider If you're looking for even more powerful sound, Anker makes the Soundcore Boom 2 Plus. A bigger speaker, it puts out more sound with similar features to the Boom 2. However, it costs around $250, and I don't think it sounds twice as good as the Boom 2 (more like 25% to 30% better). Still, it's also a relatively good value. Want to check out the competition? We've tested and reviewed the best Bluetooth speakers this year, with Bose, Beats and Soundcore all featured on our list. Why this deal matters The Anker Soundcore Boom 2 is already a great deal as one of our top choices for a compact Bluetooth speaker. Summer is the perfect time to pick one up for all your get-togethers, and the Soundcore Boom 2's waterproof design makes it ideal for the beach or pool. With electronics prices likely to rise with the looming tariffs, this speaker is a good chance to make sure you're getting the most for your money.
CNET
10-07-2025
- Business
- CNET
Prime Day Deal: Grab the Sharge 3-in-1 Power Bank At A Stunningly Low Price Today
There are so many Amazon Prime Day deals going on, it's hard to keep up with them all. But when it comes to your electronics, one thing is certain: You'll always need to charge them, eventually. Power banks can save the day during flights, road trips or errands. High-quality power banks that can charge more than one device can get pricey. But in this day and age, most of us have multiple devices that need to stay powered up. Thankfully, our deals team has spotted the Sharge OnePlus 3-in-1 power bank for only $40 at Amazon, a $30 discount on its usual cost. This is an even better discount than we saw during Memorial Day earlier this year, and brings the power bank to a record-low price. So it could be the perfect addition to your travel bag this summer. This Sharge OnePlus 3-in-1 power bank offers up to 40 watts of power and has a battery capacity of 10,000 mAh. It works with devices that support Super Fast charging, which includes some of this year's hottest Apple and Samsung releases. The power bank itself comes with a magnetic charger that detaches from the power bank for easier storage and travel. Instead of sorting through cables, you can use the power bank's snap-on cable storage to prevent tangling. Hey, did you know? CNET Deals texts are free, easy and save you money. Sharge designed this power bank with the OnePlus community to add user-friendly features as well as practicality. You can confidently and safely charge three devices simultaneously, including most laptops, tablets, smartwatches, phones and other tech. Foldable prongs make it easier to carry the power bank without damage. A red cable is included for convenience. For more great finds, take a look at the best Amazon Prime Day deals under $25. Why this deal matters Sharge's portable power bank is travel friendly, perfect for upcoming vacations. And best of all, it's discounted to its record low price of $40. This is currently the lowest we've ever seen this item before, and Prime Day ends tomorrow, so it's a good idea to jump on this while you can.
Gizmodo
09-07-2025
- Entertainment
- Gizmodo
Govee LED Strip Backlight With Dual Cameras Listed as a 4.5-Star Best-Selling Prime Day Deal
Watching a movie or a live sports event on a big screen in a darkened room was peak viewing for one reason — there wasn't an alternative to heighten the experience. Now that LED lighting technology has dramatically shrunk in size and cost, you can transform any room into a fun, immersive multimedia lair with the Govee Envisual LED Backlight T2, an app-controlled two-camera setup with LED strip lights for big screens between 55 and 65 inches. It's one of our favorite Amazon Prime Day deals at just $80, 43% off its usual $140 price. For the uninitiated, Govee's amazing LED striplight setups work in conjunction with cameras that mount to your TV frame and capture the action and the colors happening on the screen, and feed it to the lights which match the colors and the motion, so your TV is surrounded by active, vibrant backlighting that mirrors the screen. It's a fun, captivating extension of whatever is happening on your TV, and it's really amazing when you pair it with a fast-action video game. See at Amazon That's just about the best trifecta you can hope for from an electronics buy — advanced tech that's easy to install yourself and comes at a low price. Govee's LED TV backlighting setups and their other room- and home-transforming products always score high on this chart, but never more than right now thanks to Amazon's $80 Prime Day deal on the Envisual TV LED Backlight T2 setup. The setup is so easy you can easily go from unboxing to experimenting with the many lighting effects within an hour at the most, and it does not require you to mess with your TV or run any wires. The concept is as simple as the effects are brilliant — the Govee dual-camera module sits atop your TV screen via a gravity-mechanism structure that holds it in place even on ultra-thin TVs. The LED strip lights are adhesive, and attach easily to the back of your TV. From there, it's just a matter of installing the Govee Home app on your smartphone or tablet, connecting, and sitting back and watching the high-density RGBIC lights do their magic. There are 60 lights per meter in the strip, as opposed to older versions which had only 30, for a brighter, more brilliant show. Govee's patented Envisual technology does an amazing job of matching the colors on the screen, even as they move, and sending them to the LED strips to duplicate in real time. And if you already have a Govee LED setup, or you add another one to another part of your home later on — their product line is stuffed with indoor and outdoor lighting options — they can all be synced with the Govee Home app to work in conjunction with each other. This Prime Day deal for just $80 gets you the Govee Envisual TV Backlight T2 for 55- to 65-inch TVs (other sizes are also available), the four sections of LED strips and all the hardware you will need to attach them, the camera module, power source, and control box which also attaches to the back of your TV. Set it up in minutes and enjoy it for years — your TV and gaming will never look better than they do with Govee's interactive backlighting show. See at Amazon
