OPERATIONS

INSIDE Contactless Strengthens Executive Team for Major NFC Push in North America

BY CSA STAFF

Moving to expand its position in the near field communication (NFC) market in North America, INSIDE Contactless, a leading provider of advanced, open-standard contactless chip technologies, named two top sales and marketing executives for the company’s NFC business line.

INSIDE appointed Andy Germano, an executive with more than 21 years of experience in wireless and telecom marketing as VP of sales and business development, and named Bob Locascio, who has more than 15 years of strategic, technology and team-leadership experience, as director of product marketing and business development.

Germano will lead INSIDE’s North American sales and business-development efforts, focusing on securing NFC business from leading handset providers, promoting INSIDE products and executing-marketing strategies with members of the NFC ecosystem, such as carriers, banks, and payment brands, and developing new business opportunities emerging from the consumer-electronics market.

Germano joins INSIDE from AuthenTec, a leading provider of fingerprint sensors and solutions, where he participated in the company’s recent initial public offering. Prior to AuthenTec, he led sales and marketing teams for several start-up companies, including WiDeFi, Tantivy, and BEC Technologies. He also held numerous marketing positions at Verizon (GTE), Nortel, and Qualcomm. Germano earned a Bachelor’s degree from Saint Vincent College, a second Bachelor’s degree in electrical engineering from Pennsylvania State University and an MBA from Duke University.

Locascio will help lead INSIDE’s marketing and business development efforts in North America, working closely with handset makers, regional standard bodies and industry forums and other ecosystem partners, supporting regional sales efforts in promoting INSIDE’s NFC offerings and providing valuable feedback to the product group.

Prior to joining INSIDE, Locascio’s experience included leading the creation and execution of new business and solution strategies for Agilent Technologies’ $1 billion wireless test-equipment business. As president and executive director of the Telematics Suppliers Consortium, he planned, formed and led this organization to establish and promote an industry-standard architecture for the wireless in-vehicle information and entertainment market. Locascio also held a number of engineering and management positions at Motorola. Locascio holds a Bachelor of Science degree in electrical engineering from the University of Illinois, Urbana-Champaign.

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From The Boston Herald: Granoff out as Tweeter ceo

BY CSA STAFF

BOSTON The Boston Herald reported that Tweeter Newco ceo George Granoff has left the company, apparently after a disagreement with its New York investment firm owner.

Click here to read the full article.

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CEA: Consumer electronics top holiday wish lists

BY CSA STAFF

ARLINGTON, Va. Consumer electronics products continue to top the holiday wish lists of adults and teens, resulting in 3.5% projected growth in fourth quarter industry shipments over last year, according to new research released today by the Consumer Electronics Association.

Consumer electronics comprise four of the top 10 items on adults holiday gift wish lists, with computers coming in second behind peace and happiness. Televisions, video game systems and cell phones also made the top 10. Nearly 80% of adults expressed interest in receiving a consumer electronics product as a gift this holiday season, an increase of four points from last year. Meanwhile, 84% of teens want to receive a CE product this year, up eight percent from 2007. The most popular CE products for teens this holiday are computers, video game consoles, portable mp3 players and cell phones.

There remains a robust desire for consumer electronics and this category continues to be the bright light during these dark economic times, said Tim Herbert, CEAs senior director of market research. CE devices have become integrated into the everyday lives of consumers. No matter what your current economic situation, you can find a CE product to fit any holiday budget. 

Consumers plan on spending a total of $1,437 this holiday season on everything from gifts to food to decorations. That number is down nearly $200 from last year as consumers cite cost of living increases and economic concerns as reasons for cutting back. While consumers are planning to spend less this holiday season, theyre actually preparing to spend more on consumer electronics. Twenty-eight percent of the total holiday budget is being allocated for CE purchases, an increase of six percent from last holiday.

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