charliex
Headphoneus Supremus
- Joined
- Nov 28, 2008
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Stax Japan now defunct - welcome Stax China - good or bad you decide.
can you guys provide links to elaborate on this!?!?
all i've seen is the thread on this forum, which doesnt have any sources (besides a chinese headphone forum). the only news on the "other site" links back to the thread here
Stax Japan now defunct - welcome Stax China - good or bad you decide.
I'm surprised they were worth 15.5 million dollars
Stax Japan now defunct - welcome Stax China - good or bad you decide.
can you guys provide links to elaborate on this!?!?
all i've seen is the thread on this forum, which doesnt have any sources (besides a chinese headphone forum). the only news on the "other site" links back to the thread here
edit: it is official, edifier is buying out stax. chinese press release here: http://www.edifier.com/sce2009/news/viewthread.php?ID=1535
quote:
can you guys provide links to elaborate on this!?!?
all i've seen is the thread on this forum, which doesnt have any sources (besides a chinese headphone forum). the only news on the "other site" links back to the thread here
edit: it is official, edifier is buying out stax. chinese press release here: http://www.edifier.com/sce2009/news/viewthread.php?ID=1535
adding a japanese source (Nikkei is the most trusted news source for the Japanese economy.), it says...
On December 9th, Edifier Technology Co.,Ltd. , chinese audio equipment manufacturer announced that they acquires the japanese headphone manufacturer STAX. The price is 120 million yen (1.55million US$). Edifier Tech says that they try to expand sales for tying the Stax's high technology and their own low-cost production technology. This is one of the examples that Japanese companies with high techlonogy to acquire Chinese companies.
Edifier Tech buys all the shares held by the president of Stax, Meguro. Edifier Thechnology is one of the chinese companys that produce a speaker or earphone. Their revenue in 2010 is 719 million yuan. They focus on Stax's high-technology of electrostatic headphones. According to the Edifier Tech, Stax had a deficit for the delay in new product launches in 2009, but in 2010, Stax has returned to profitability.
Say it ain't so STAX!!!!!
$1.55 million US?????
That makes no sense at all.
A 1 bedroom apartment in Manhattan cost more than that.
Is this a joke?