Audiovox
1023094
226062295
2008-07-16T17:37:19Z
Mcasolino
7407172
/* Company Brands */
{{Infobox_Company |
company_name = Audiovox Corporation |
company_logo = [[Image:Audiovox.svg|250px]]|
company_slogan = |
company_type = Public ({{nasdaq|VOXX}}) |
foundation = 1965 by John J. Shalam|
location = [[150 Marcus Blvd. Hauppauge NY]] |
key_people = [[John J. Shalam]], [[Chairman]]<br />[[Patrick M. Lavelle]], [[President]], [[Chief Executive Officer|CEO]]<br />[[Charles M. Stoehr]], [[Chief Financial Officer|CFO]] |
num_employees = 1,000 |
products = Consumer Electronics <br/> Mobile Electronics <br/> Accessories |
net_sales = {{increase}}$591.36 million [[United States dollar|USD]] (Fiscal Year Ended 02/29/08)|
net_income = {{profit}}$8.47 million USD (Fiscal Year Ended 02/29/08)|
homepage = [http://www.audiovox.com www.audiovox.com] |
}}
'''Audiovox Corporation''' ({{nasdaq|VOXX}}), an international distributor and value-added service provider in the accessory, mobile and consumer electronics industries. The Company conducts its business through seven wholly owned subsidiaries: American Radio Corp., Audiovox Accessories Corp. (AAC), Audiovox Consumer Electronics, Inc., Audiovox Electronics Corporation (AEC), Audiovox German Holdings GmbH (Audiovox Germany), Audiovox Venezuela, C.A. and Code Systems, Inc. (Code).
==Company Brands==
Audiovox Corporation markets its products under the Audiovox brand name and other brand names, including:
<li>'''[[Acoustic Research]]'''</li>
<li>'''Advent'''</li>
<li>'''Ambico'''</li>
<li>'''Car Link'''</li>
<li>'''Chapman'''</li>
<li>'''Code-Alarm'''</li>
<li>'''Discwasher'''</li>
<li>'''[[Energizer]]'''</li>
<li>'''Heco'''</li>
<li>'''Incaar'''</li>
<li>'''[[Jensen Electronics]]'''</li>
<li>'''Mac Audio'''</li>
<li>'''Magnat'''</li>
<li>'''Movies2Go'''</li>
<li>'''Oehlbach'''</li>
<li>'''Phase Linear'''</li>
<li>'''Prestige'''</li>
<li>'''Pursuit'''</li>
<li>'''Rampage'''</li>
<li>'''[[RCA]]'''</li>
<li>'''RCA Accessories'''</li>
<li>'''Recoton'''</li>
<li>'''Road Gear'''</li>
<li>'''Surface'''</li>
<li>'''Spikemaster'''</li>
<li>'''Terk'''</li>
Audiovox also distributes private labels through a domestic and international distribution network. The Company also functions as an original equipment manufacturers (OEM) supplier to several customers and has only one segment, the Electronics group, which is organized by product category.
==History: 1965-2002==
'''1965''' Audiovox is founded by John J. Shalam.
'''1975''' Audiovox reaches its first $100 million in sales.
'''1981''' Audiovox enters the vehicle security market.
'''1984''' Audiovox Enters Cellular Market with its first mobile unit and forms Strategic supply alliance with Toshiba Corp.
'''1987''' Audiovox IPO. is listed as VOX on the American Stock Exchange.
'''1988''' Audiovox ships first portable cellular telephone.
'''1991''' The Company splits into two Marketing Groups: wireless and electronics; ACC introduces Minivox.
'''1994''' Audiovox issues subordinated debentures.
'''1995''' Audiovox Communications Corp. is formed as wholly-owned subsidiary.
'''1996''' ACC sells 1 million handsets.
1996 Audiovox enters consumer electronics marketplace with first line of home and portable stereos.
1996 Audiovox licenses 'Audiovox' brand for first time.
1996 Audiovox converts subordinated debentures.
'''1997''' Audiovox Electronics begins selling aftermarket mobile video systems.
'''1998''' ACC ships first CDMA digital handset.
1998 Audiovox Electronics introduces FRS (Family Radio Service) 2-Way Radios.
'''1999''' Audiovox reaches $1 Billion in sales with 88% increase over 1998.
1999 ACC sales increase 110%; Audiovox Electronics sales increase 31%.
1999 ACC ranked number 3 overall and number 2 in CDMA in wireless market.
1999 Toshiba makes 5% equity investment in ACC.
1999 ACC Ships its first TDMA handset.
1999 ACC Introduces GSM phones for international use.
1999 Electronics Division introduces first Web Related product.
1999 Audiovox FRS radios gain 20% market share.
1999 Audiovox announces follow on stock offering.
'''2000''' Audiovox moves trading to Nasdaq under 'VOXX'.
2000 Audiovox announces OEM contract with Nissan North America for 2000 model year.
2000 Audiovox forms Audiovox Electronics Corp, a wholly owned subsidiary for the marketing of consumer and mobile electronics.
2000 Audiovox added to Russell 2000.
2000 Audiovox earns OEM contract to supply mobile video for FORD 2001 models.
2000 Audiovox introduces its first MP3 Player.
2000 Audiovox completes follow on stock offering and increases public float by 2 million shares.
'''2001''' Audiovox announces first GMRS/GPS two way radio.
2001 Audiovox reaches leadership position in mobile video market.
2001 Audiovox portable DVD players gain number 3 market share.
2001 Audiovox ranked number 1 in CDMA handsets.
'''2002''' Audiovox acquires assets of Code-Alarm Inc. Vehicle security company.
2002 Audiovox launches Pocket PC with Microsoft format.
2002 Toshiba increases investment in ACC to 25%.
2002 Audiovox enters satellite radio market with products in both XM and Sirius formats.
2002 Audiovox launches into PDA market with Verizon.
2002 Audiovox adds Sprint to marketing partners on the PDA products.
2002 Audiovox debuts first color screen phone.
2002 Audiovox partners with Buena Vista on Disney promotion.
==Acquisitions==
In December 2007, the Company completed the acquisition of certain assets and liabilities of Thomson’s United States, Canada, Mexico, China and Hong Kong consumer electronics audio/video business. On November 1, 2007, AAC completed the acquisition of Technuity, Inc., engaged in the battery and power products industry and the exclusive licensee of the Energizer brand in North America for rechargeable batteries and battery packs for camcorders, cordless phones, digital cameras, digital versatile disc (DVD) players and other power supply devices. On August 14, 2007, Audiovox Germany completed the acquisition of certain assets of Incaar Limited, a United Kingdom business that specializes in rear seat electronics systems. On March 1, 2007, Audiovox Germany acquired Oehlbach Kabel GmbH, involved in the accessories business. On January 29, 2007, it completed the acquisition of Thomson’s Americas consumer electronics accessory business, as well as rights to the RCA, Recoton, Spikemaster, Ambico and Discwasher brands for consumer electronics accessories.
==Electronics Products==
Electronics products include mobile multi-media video products, including in-dash, overhead, headrest and portable mobile video systems; autosound products, including radios, speakers, amplifiers and compact disc (CD) changers; satellite radios, including plug and play models and direct connect models; automotive security and remote start systems; automotive power accessories; car to car portable navigation systems; rear observation and collision avoidance systems; liquid crystal display (LCD) flat panel televisions; home and portable stereos; two-way radios; digital multi-media products such as personal video recorders and moving picture experts group layer-3 audio (MP3) products; camcorders; clock-radios; digital voice recorders; home speaker systems; portable DVD players, and digital picture frames.
==Accessories Products==
Accessories products include high-definition television (HDTV) Antennas; wireless fidelity (WiFi) antennas; high-definition multimedia interface (HDMI) accessories; home electronic accessories, such as cabling; other connectivity products; power cords; performance enhancing electronics; television universal remotes; flat panel television mounting systems; iPod specialized products; wireless headphones; rechargeable battery backups (UPS) for camcorders, cordless phones and portable video (DVD) batteries and accessories, and power supply systems.
==Sellers==
The company sells its products through power retailers, mass merchants, regional chain stores, specialty and Internet retailers, independent 12 volt retailers, distributors, new car dealers, vehicle equipment manufacturers (OEM) and the United States military. Audiovox sells its products under OEM arrangements with domestic and/or international subsidiaries of automobile manufacturers, such as Ford Motor Company, Daimler Chrysler, General Motors Corporation, Toyota, Kia, Mazda, Jaguar, Subaru and Porsche. It also provides value-added management services, which include product design and development; engineering and testing; sales training; instore display design; installation training and technical support; product repair services and warranty; nationwide installation network, and warehousing.
==Competition==
The Company competes with Sony, Panasonic, Kenwood, Alpine, Directed Electronics, Pioneer, Delphi, JVC, Phillips and Monster Cable.
==References==
http://www.audiovox.com<br />
http://www.reuters.com/finance/stocks/companyProfile?rpc=66&symbol=VOXX.O<br>
http://www.audiovox.com/webapp/wcs/stores/servlet/history.jsp
==External links==
* [http://www.Audiovox.com/ Audiovox official website]
[[Category:Electronics companies of the United States]]
[[Category:Companies established in 1965]]
[[Category:Loudspeaker manufacturers]]
[[Category:Companies based on Long Island]]
[[Category:Mobile phone manufacturers]]
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