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Harman is in the middle of a $8B Sale Transaction with Samsung Electronics that is offered at $112.00 per share. Of course there is a premium added to the market price so that the shareholders will accept the offer.
To say the value is overstated by 10% based on cash flow is redundantly Rediculous.
Goldman downgraded Harman today. Cashflow models also imply shares are overvalued:
Valuation Models
New Product Launches for 2017 models will put Harman far ahead of their Automotive competition.
Harman International Stock Has 20% Upside
By Jack Hough
Perhaps “kicking the tires” should now be referred to as “poking the apps.” In a survey of drivers last year, McKinsey found that 37% would switch car brands for better access to software applications, data, and media. That’s up from 20% in 2014. In China, the world’s largest car market, the figure is 60%.
That helps explain why, last year, longtime shareholders of Harman International Industries (ticker: HAR), the market leader in infotainment systems, briefly saw paradise by the dashboard light. The stock topped $145,...
On the short side, Harman International Industries, Incorporated (HAR) formed a big wedge, came down and formed a little flag, down 81 cents to 72.84, or 1.1%, on 775,735 shares traded on Wednesday. This is an interesting chart. Targets are 66 1/2, followed by the low 60’s.
Harry has posted Charts of the Day video on HAR at TheTechTrader site noting: Harman International Industries, Incorporated (HAR) was down 32 cents to 73.65, on 691,120 shares traded on Tuesday. After I talked about this stocks for weeks, it had a 5-wave decline, a bear flag, another 5-wave decline, a rising bear wedge, and now it’s falling again. It stalled for a little bear coil. Look for a test of 67, and then a drop down into the high 50’s.
$HAR recent news/filings
bearish optionable 92.14
head and shoulders
## source: finance.yahoo.com
Tue, 15 Dec 2015 13:30:00 GMT ~ HARMAN Connected Car and Premium Audio Solutions Deliver Innovation and Luxury for Hyundai Genesis G90
[Business Wire] - HARMAN , the premier connected technologies company for automotive, consumer and enterprise markets, announced the start of production of advanced connected car and audio solutions for the Genesis G90, the first vehicle from Hyundai’s new luxury brand.
read full: http://finance.yahoo.com/news/harman-connected-car-premium-audio-133000470.html
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Fri, 11 Dec 2015 21:02:31 GMT ~ HARMAN INTERNATIONAL INDUSTRIES INC /DE/ Files SEC form 8-K, Change in Directors or Principal Officers, Submission of
read full: http://biz.yahoo.com/e/151211/har8-k.html
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Thu, 10 Dec 2015 13:41:10 GMT ~ Here’s your holiday technology gift list
read full: http://www.marketwatch.com/News/Story/Story.aspx?guid=A4E0A6CA-9DDE-11E5-863D-819D7C6FD277&siteid=yhoof2
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Tue, 08 Dec 2015 18:16:41 GMT ~ HARMAN INTERNATIONAL INDUSTRIES INC /DE/ Financials
read full: http://finance.yahoo.com/q/is?s=har
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Thu, 03 Dec 2015 13:35:01 GMT ~ Strength Seen in Vuzix (VUZI): Stock Jumps 6.7% in Session
read full: http://finance.yahoo.com/news/strength-seen-vuzix-vuzi-stock-133501538.html
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$HAR charts
basic chart ## source: stockcharts.com
basic chart ## source: stockscores.com
big daily chart ## source: stockcharts.com
big weekly chart ## source: stockcharts.com
$HAR company information
## source: otcmarkets.com
Link: http://www.otcmarkets.com/stock/HAR/company-info
Ticker: $HAR
OTC Market Place: Not Available
CIK code: 0000800459
Company name: Harman International Industries, Inc.
Incorporated In: DE, USA
$HAR share structure
## source: otcmarkets.com
Market Value: $6,758,380,149 a/o Dec 16, 2015
Shares Outstanding: 71,080,986 a/o Oct 26, 2015
Float: Not Available
Authorized Shares: Not Available
Par Value: 0.01
$HAR extra dd links
Company name: Harman International Industries, Inc.
## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/HAR/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/HAR/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=HAR+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=HAR+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=HAR+Industry
## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/HAR/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/HAR/news - http://finance.yahoo.com/q/h?s=HAR+Headlines
## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/HAR/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/HAR/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/HAR/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/HAR/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/HAR/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/HAR/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/HAR/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/HAR/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=HAR+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/HAR
DTCC (dtcc.com): http://search2.dtcc.com/?q=Harman+International+Industries%2C+Inc.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=Harman+International+Industries%2C+Inc.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=Harman+International+Industries%2C+Inc.&x=0&y=0
## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/HAR/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/HAR
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/HAR/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/HAR/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/HAR/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000800459&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/HAR/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/HAR/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/HAR/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/HAR/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=HAR&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=HAR
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/HAR/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=HAR+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=HAR+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=HAR
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=HAR
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=HAR+Cash+Flow&annual
## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/HAR/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=HAR+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/HAR.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=HAR
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/HAR/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/HAR/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/HAR/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/HAR/insider-transactions
## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/HAR
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/HAR
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/HAR:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=HAR
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=HAR
$HAR DD Notes ~ http://www.ddnotesmaker.com/HAR
$HAR recent news/filings
bearish
bearish divergence
gap down
high bearish volume
## source: finance.yahoo.com
Fri, 01 May 2015 16:02:35 GMT ~ Story Stocks from Briefing.com
[Briefing.com] - Story Stocks from Briefing.com
read full: http://finance.yahoo.com/news/story-stocks-briefing-com-112019114.html
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Fri, 01 May 2015 13:19:00 GMT ~ Jim Cramer on Harman Int'l. (HAR) Stock: Weakness Provides Buying Opportunity
read full: http://www.thestreet.com/story/13134914/1/jim-cramer-on-harman-international-har-stock-weakness-provides-buying-opportunity.html?puc=yahoo&cm_ven=YAHOO
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Fri, 01 May 2015 10:00:00 GMT ~ Jim Cramer's Top Takeaways: Apple, Eaton and Harman Int'l
read full: http://www.thestreet.com/story/13098694/1/jim-cramers-top-takeaways-apple-eaton-and-harman-intl.html?puc=yahoo&cm_ven=YAHOO
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Fri, 01 May 2015 01:05:00 GMT ~ HARMAN International (HAR) Earnings Report: Q3 2015 Conference Call Transcript
read full: http://www.thestreet.com/story/13134533/1/harman-international-har-earnings-report-q3-2015-conference-call-transcript.html?puc=yahoo&cm_ven=YAHOO
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Fri, 01 May 2015 00:05:00 GMT ~ Jim Cramer's 'Mad Money' Recap: As Apple Goes, So Go the Markets
read full: http://www.thestreet.com/story/13098752/1/jim-cramers-mad-money-recap-as-apple-goes-so-goes-the-market.html?puc=yahoo&cm_ven=YAHOO
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$HAR charts
basic chart ## source: stockcharts.com
basic chart ## source: stockscores.com
big daily chart ## source: stockcharts.com
big weekly chart ## source: stockcharts.com
$HAR company information
## source: otcmarkets.com
Link: http://www.otcmarkets.com/stock/HAR/company-info
Ticker: $HAR
OTC Market Place: Not Available
CIK code: 0000800459
Company name: Harman International Industries, Inc.
Incorporated In: DE, USA
$HAR share structure
## source: otcmarkets.com
Market Value: $8,947,761,274 a/o Apr 30, 2015
Shares Outstanding: 68,628,327 a/o Jan 26, 2015
Float: Not Available
Authorized Shares: Not Available
Par Value: 0.01
$HAR extra dd links
Company name: Harman International Industries, Inc.
## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/HAR/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/HAR/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=HAR+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=HAR+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=HAR+Industry
## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/HAR/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/HAR/news - http://finance.yahoo.com/q/h?s=HAR+Headlines
## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/HAR/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/HAR/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/HAR/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/HAR/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/HAR/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/HAR/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/HAR/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/HAR/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=HAR+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/HAR
DTCC (dtcc.com): http://search2.dtcc.com/?q=Harman+International+Industries%2C+Inc.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=Harman+International+Industries%2C+Inc.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=Harman+International+Industries%2C+Inc.&x=0&y=0
## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/HAR/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/HAR
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/HAR/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/HAR/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/HAR/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000800459&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/HAR/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/HAR/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/HAR/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/HAR/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=HAR&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=HAR
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/HAR/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=HAR+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=HAR+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=HAR
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=HAR
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=HAR+Cash+Flow&annual
## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/HAR/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=HAR+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/HAR.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=HAR
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/HAR/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/HAR/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/HAR/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/HAR/insider-transactions
## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/HAR
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/HAR
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/HAR:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=HAR
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=HAR
$HAR DD Notes ~ http://www.ddnotesmaker.com/HAR
Good YTD, QTD and WTD, only the Friday profit taking is holding this stock from it's all time high.
The AMX acquisition plus the new product development will keep this stock moving up. The Balance Sheet is in good shape with not too much debt. The acquisition did not damage the liquidity required to grow the core business.
With the AMX acquisition things could be interesting. I didn't see it coming
although ever since AMX texas fiasco....imo....its been a down hill slope....again all imo......they are lagging in digital media and control systems
Good day, up $1.94 nearly 2%. Expect continued increases, bumpy up to $112 by end of May.
These comments are my opinion. Research and invest based on your conclusions.
Good YTD, QTD and WTD, only the Friday profit taking is holding this stock from it's all time high.
Harman's new R&D facility in China will provide a platform for being the OEM sound/speaker/GPS supplier for the growing Chinese automotive industry.
Harman is ahead of it's competition in the Automotive sector.
All their R&D to advance automotive audio systems has put them at the front of the industry. The Automotive OEM's are having a hard time keeping up with all the advancements. They have finally realized that it is the technology inside the car that differentiates their brand from the others.
~ $HAR ~ Earnings posted, pending or coming soon! In Charts and Links Below!
~ $HAR ~ Earnings expected on Tuesday *
This Week In Earnings: Earnings are coming or are already posted! This is what the charts look like! If you play the earnings these posts can be very helpful to you!
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.
http://stockcharts.com/h-sc/ui?s=HAR&p=D&b=3&g=0&id=p88783918276&a=237480049
http://stockcharts.com/h-sc/ui?s=HAR&p=W&b=3&g=0&id=p54550695994
~ Barchart: http://barchart.com/quotes/stocks/HAR?
~ OTC Markets: http://www.otcmarkets.com/stock/HAR/company-info
~ Google Finance: http://www.google.com/finance?q=HAR
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=HAR#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=HAR+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=HAR
Finviz: http://finviz.com/quote.ashx?t=HAR
~ BusyStock: http://busystock.com/i.php?s=HAR&v=2
~ CandlestickChart: http://www.candlestickchart.com/cgi/chart.cgi?symbol=HAR&exchange=US
~ Investorshub Trades: http://ih.advfn.com/p.php?pid=trades&symbol=HAR
~ Investorshub Board Search: http://investorshub.advfn.com/boards/getboards.aspx?searchstr=HAR
~ Investorshub PostStream Search: http://investorshub.advfn.com/boards/poststream.aspx?ticker=HAR
~ Investorshub Goodies Search: http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=18582&srchyr=2011&SearchStr=HAR
~ Investorshub Message Search: http://investorshub.advfn.com/boards/msgsearch.aspx?SearchStr=HAR
~ MarketWatch: http://www.marketwatch.com/investing/stock/HAR/profile
~ E-Zone Chart: http://www.windchart.com/ezone/signals/?symbol=HAR
~ 5-Min Wind: http://www.windchart.com/stockta/analysis?symbol=HAR
~ 10-Min Wind: http://www.windchart.com/stockta/analysis?symbol=HAR&size=l&frequency=10&color=g
~ 30-Min Wind: http://www.windchart.com/stockta/analysis?symbol=HAR&size=l&frequency=30&color=g
~ 60-Min Wind: http://www.windchart.com/stockta/analysis?symbol=HAR&size=l&frequency=60&color=g
http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916
*If the earnings date is in error please ignore error. I do my best.
Harman, Sierra Wireless start LTE infotainment road tests
http://www.automotiveit.com
HARMAN and Sierra Wireless are cooperating to make in-car infotainment systems connect faster with the world outside the vehicle.
Harman, a large audio and infotainment group, is teaming up with wireless module maker Sierra Wireless to speed up the use of the new, faster LTE -or 4G- mobile communication standard in cars. Road tests of production-ready infotainment systems using an LTE module will begin in Europe, with the US to follow.
Harman said test vehicles will use an infotainment platform with an AirPrime embedded wireless LTE module developed by Sierra Wireless. The two companies said LTE will mark a major mobile connectivity improvement that will make available a whole new range of in-car services.
Next-generation services will include off-board navigation, video-on-demand streaming, internet radio, dynamic loading apps, interactive online manuals and other telematics functions or new driver assistance features such as traffic light recognition, Harman said. All these applications will need higher bandwidth than is available today.
According to researchers Strategy Analytics, 95 pc of all vehicles will be equipped with connectivity solutions by 2012. That’s up from 70 pc in 2010.
Harman and Sierra Wireless started to work together a year ago. Harman was the first automotive tier 1 supplier to integrate Sierra Wireless AirPrime LTE modules in its systems. The modules allow data download speeds of up to 100 Mbps and uploads as fast as 50 Mbps on LTE networks.
Manfred Schedl, vice president connectivity of Harman’s infotainment division, said first prototypes of the company’s LTE-enabled infotainment systems show peak data rates of up to 70 Mbit/second and average speeds of 20 Mbit/s in urban conditions.
Said Schedl: “This will enable us to push this technology into next-generation vehicle systems.”
HARMAN Opens New Chinese Manufacturing Facility to Support Rapid Growth...
BusinessWire, GlobeNewswire and PR Newswire News
Thu Nov 10 2011 9:12:04 AM EST
BusinessWire, GlobeNewswire and PR Newswire News
Harman International Industries Inc HAR:NYSE
HARMAN Opens New Chinese Manufacturing Facility to Support Rapid Growth in Automotive and Infrastructure Projects
BusinessWire
9:11 AM ET
HARMAN International Industries today officially inaugurated its new Dandong Manufacturing Facility, part of HARMAN's second wave of investment plan representing additional $100 million to bolster manufacturing and research capabilities in China. In addition to customer representatives, officials from state, regional and local levels of government joined HARMAN executives for today's ceremony. HARMAN will use the facility as a manufacturing hub in the development of electronic components and audio systems for the world's leading automakers and professional audio customers.
Two manufacturing facilities will be housed within the 460,000 square feet facility, which was built specifically to meet HAR MAN's global audio quality standards. The automotive factory at Dandong will produce advanced audio components and systems to meet the increasing demand from not only western and Asian automakers but Chinese automakers as well. In the past year, HARMAN has announced contracts for premium branded audio systems from Chinese automakers such as Geely Motors, BYD, and Dongfeng Passenger Vehicle. The second operation in Dandong will house manufacturing for audio electronics and loudspeakers sold under a range of HARMAN's premium brands in the Professional and Consumer sectors. China's rapid economic growth is driving investments in infrastructure, and HARMAN is playing a key role in servicing the growing requirement for world-class audio solutions at venues such as airports and rail stations, hotels, cinemas, entertainment and sporting complexes, performing arts centers, and meg aprojects such as the upcoming Shanghai Disney theme park.
"We have been operating in China for more than 20 years and the opening our new facility in Dandong is another example of our long term commitment to serve our global and local customers in China," said Dinesh C. Paliwal, the Company's Chairman, President and CEO. "The facility in Dandong will continue HARMAN's tradition of developing products and technologies tailored for the specific needs of our customers. Dandong's robust infrastructure, skilled workforce and government support, coupled with HARMAN's technology leadership and expertise, gives us the confidence in delivering the best value in manufacturing services to our customers worldwide."
Dandong is the fourth Chinese city to house a HARMAN facility, as the company maintains manufacturing and R&D operations in Shanghai, Suzhou and Shenzhen, and employs more than 1,200 people in China. The company's expanded investment plan follows its successful participation as a supplier and sponsor to the 2010 Shanghai World Expo, landmark audio installations at the 2008 Beijing Olympics and recent China National Day Celebration. HARMAN serves numerous automotive and professional audio customers in China, and was Platinum Sponsor for the 2011 Miss Universe China Pageant. China's legendary musician Professor Liu Huan serves as the ambassador for HARMAN's iconic JBL and Harman Kardon brands.
About HARMAN
HARMAN (www.HARMAN.com) designs, manufactures and markets a wide range of audio and infotainment solutions for the automotive, consumer and professional markets -- supported by 15 leading brands, including AKG, Harman Kardon, Infinity, JBL, Lexicon and Mark Levinson. The company is admired by audiophiles across multiple generations and supports leading professional entertainers and the venues where they perform. More than 20 million automobiles on the road today are equipped with HARMAN audio and infotainment systems. HARMAN has a workforce of about 12,000 people across the Americas, Europe and Asia, and reported sales of $4.0 billion for the 12 months ended September 30, 2011. The company's shares are traded on the New York Stock Exchange under the symbol NYSE: HAR.
(C) 2011 HARMAN International Industries, Incorporated. All rights reserved. Harman Kardon, Infinity, JBL, Lexicon and Mark Levinson are trademarks of HARMAN International Industries, Incorporated, registered in the United States and/or other countries. AKG is a trademark of AKG Acoustics GmbH, registered in the United States and/or other countries. Features, specifications and appearance are subject to change without notice.
For more information: HARMAN.com
HAR-C
SOURCE: HARMAN International Industries
HARMAN Corporate Communications Darrin Shewchuk, 203-328-3834 darrin.shewchuk@HARMAN.com or Burson-Marsteller Seine Kim, 212-614-4178 Mobile: 646-361-7971 seine.kim@bm.com
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Harman,Cars to Come Equipped with Embedded Wireless
cable360.net
November 9, 2011
Cars to Come Equipped with Embedded Wireless
Harman and Sierra Wireless intend to serve drivers who want connection to all their electronic devices in the car. Harman will begin road tests through LTE-networked areas in Europe with similar tests in the United States to follow. Test vehicles will be equipped with the latest infotainment system platform technology integrating an AirPrime embedded wireless module developed by Sierra Wireless.
Next generation automobile services include off-board navigation, video-on-demand (VOD) streaming, Internet radio, dynamic loading apps, interactive online manuals and other telematics functions or new driver assistance features such as traffic light recognition. These bandwidth-rich applications require a reliable anytime, anywhere broadband data connection to offer leading automakers and their customers the ultimate on-road experience.
In anticipation of growing demand from automakers for 4G/LTE solutions, Harman started its collaboration with Sierra Wireless a year ago and announced support for the Sierra Wireless AirPrime embedded modules for LTE networks, with data download speeds of up to 100 Mbps, and uploads as high as 50 Mbps on LTE networks.
Harman Chases Dashboard Broadband
Radio World
Harman plans tests of an LTE module integrated into production-ready car “infotainment” systems.
Consumers, the audio company says, want to control incoming content such as music, movies and navigation apps through their dashboard or steering-wheel controls. Harman, working with Sierra Wireless, is about to begin road tests of an integrated module in Europe; it said U.S. tests will follow. Test vehicles will be equipped with an infotainment system platform integrating an embedded wireless module developed by Sierra Wireless.
Harman said its agreement with Sierra Wireless allows it to offer data download speeds of up to 100 Mbps, and uploads as high as 50 Mbps on LTE networks. It quoted a company exec saying current prototypes deliver peak data rates up to 70 Mbps and average speeds of 20 Mbps in urban conditions, to support upcoming vehicle systems.
Harman is among many companies eyeing the growing market for in-vehicle mobile broadband applications — as Harman puts it, online services to the “always connected car.”
“As LTE continues to emerge as the next-generation broadband connection to the car, Harman and Sierra Wireless allow drivers to have a truly connected driving experience by giving them access to a vast array of web content and services right from the cloud,” the company stated.
In Harman’s view, the dashboard is becoming “a natural extension of both the office and the home,” though with an added focus on safety. Services like video-on-demand streaming, off-board navigation, Internet radio, dynamic loading apps and interactive online manuals will need constant, fat broadband data connections. The availability of 4G/LTE will expand the possibilities for the “connected car.”
HARMAN and Sierra Wireless Bring High-Speed 4G/LTE Broadband Connectivity to the Dashboard and on the Road
KARLSBAD, Germany, November 9, 2011 /PRNewswire
Collaboration enables HARMAN to invite customers to drive tests in live LTE networks in Europe; US LTE network drive test to start soon; commitment to lead the automotive industry in innovations to address demand for in-vehicle mobile broadband applications
HARMAN, the leading global audio and infotainment group (NYSE:HAR), is advancing the integration of LTE module into production-ready infotainment systems and announced it is now ready to begin road tests through LTE-networked areas in Europe. Tests in the US will follow. Test vehicles will be equipped with the latest infotainment system platform technology integrating an AirPrime™ embedded wireless module developed by Sierra Wireless, a leader in high-speed mobile computing and wireless machine-to-machine communication (NASDAQ:SWIR) (TSX:SW). The seamless collaboration between HARMAN and Sierra Wireless underlines HARMAN's leadership in technological innovation that enables the "always connected car" with several online services. As LTE continues to emerge as the next generation broadband connection to the car, HARMAN and Sierra Wireless allow drivers to have a truly connected driving experience by giving them access to a vast array of web content and services right from the cloud.
Total Automotive Connectivity enables a Safe, Always-On Digital Lifestyle Experience
As technological first-mover and innovator, HARMAN is committed to advance innovations around connecting the full range of digital devices and platforms, so that the automobile becomes a natural extension of both the office and the home - with a critical focus on safety. Next generation automobile services include off-board navigation, video-on-demand streaming, Internet radio, dynamic loading apps, interactive online manuals and other telematics functions or new driver assistance features such as traffic light recognition. These bandwidth-rich applications require a reliable anytime, anywhere broadband data connection to offer leading automakers and their customers the ultimate on-road experience.
"HARMAN is leading the industry to bring the best "always on", ultra-fast connectivity experience to drivers. Broadband connectivity in your car is becoming a fundamental expectation and lifestyle requirement," said Sachin Lawande, HARMAN Chief Technology Officer and Co-President, HARMAN Infotainment Division. "Just as HARMAN is meeting today's demands for integrated navigation and infotainment solutions, we are pleased to work with Sierra Wireless to address the emerging requirements of automakers for an increasingly connected car."
In anticipation of growing demand from automakers for 4G/LTE solutions, HARMAN started its collaboration with Sierra Wireless a year ago and was the first OEM supplier to announce support for the Sierra Wireless AirPrime embedded modules for LTE networks. With data download speeds of up to 100 Mbps, and uploads as high as 50 Mbps on LTE networks, HARMAN is today able to offer automakers a true multi-faceted media, office and online experience within the vehicle.
"HARMAN leverages deep experience in providing broadband connectivity to vehicle systems and combines this expertise with Sierra Wireless AirPrime™ intelligent embedded modules for LTE networks. First vehicle prototype integration into HARMAN's latest infotainment system generation is ready and shows promising results with peak data rates up to 70 Mbit/s and average speeds of 20 Mbit/s in urban conditions. This will enable us to push this technology into next generation vehicle systems," said Manfred Schedl, Vice President Connectivity of HARMAN's Infotainment Division.
According to automotive researchers Strategy Analytics, 70% of vehicles produced globally in 2009 were equipped with connectivity solutions. This number is expected to increase to 95% by 2012. Consumers show a strong desire to seamlessly control content from the cloud - such as music, movies or navigation apps - through a car's dashboard or steering-wheel controls as they are used from their smartphone or tablet. HARMAN and Sierra Wireless are working on innovative solutions to address consumer driven vehicle-centric demand for wireless enabled, mobile broadband solutions and applications.
"We are excited about the potential for 4G/LTE in the connected car, with its ability to provide a richer multimedia experience that can increase both safety and convenience for passengers and drivers," said Philippe Guillemette, Chief Technology Officer, Sierra Wireless. "This collaboration is a first step in realizing this potential, and we are thrilled to work with HARMAN, a recognized industry leader, to bring these solutions to life."
In addition to its 4G/LTE collaboration with Sierra Wireless, HARMAN helped lead the expansion of the ngConnect Program to China in July 2010, with a public demonstration of an LTE Connected Car during the Shanghai World Expo.
About HARMAN
HARMAN (http://www.harman.com) designs, manufactures and markets a wide range of audio and infotainment solutions for the automotive, consumer and professional markets - supported by 15 leading brands including AKG®, Harman Kardon®, Infinity®, JBL®, Lexicon® and Mark Levinson®. The Company is admired by audiophiles across multiple generations and supports leading professional entertainers and the venues where they perform. More than 20 million automobiles on the road today are equipped with HARMAN audio and infotainment systems. HARMAN has a workforce of about 12000 people across the Americas, Europe and Asia, and reported sales of $3.8 billion for the fiscal year ending June 30, 2011. The Company's shares are traded on the New York Stock Exchange under the symbol NYSE: HAR.
About Sierra Wireless
Sierra Wireless (NASDAQ: SWIR - TSX: SW) offers industry-leading mobile computing and machine-to-machine (M2M) communications products and solutions that connect people, devices, and applications over cellular networks. Wireless service providers, equipment manufacturers, enterprises and government organizations around the world depend on us for reliable wireless technology. We offer 2G, 3G and 4G wireless modems, routers and gateways as well as a comprehensive suite of software, tools, and services that ensure our customers can successfully bring wireless applications to market. For more information about Sierra Wireless, visit http://www.sierrawireless.com.
© 2011 HARMAN International Industries, Incorporated. All rights reserved. Harman Kardon, Infinity, JBL, Lexicon and Mark Levinson are trademarks of HARMAN International Industries, Incorporated, registered in the United States and/or other countries. AKG is a trademark of AKG Acoustics GmbH, registered in the United States and/or other countries. Academy Award is a registered trademark and service mark of the Academy of Motion Picture Arts and Sciences. GRAMMY Award is a registered trademark of the National Academy of Recording Arts & Sciences. iPad, iPhone and iPod are trademarks of Apple Inc., registered in the U.S. and other countries. Features, specifications and appearance are subject to change without notice.
For further information please contact:
HARMAN
Nicole Mehr
Director Corporate Affairs and Communications Europe
Becker-Göring-Str. 16
D-76307 Karlsbad
Tel.: +49-7248-71-1272
nicole.mehr@harman.com
Bite Consulting GmbH
Carsten Bickhoff / Stefan Ehgartner
Flößergasse 4
D-81369 München
Tel.: +49-89-4444-674-67 / -44
carsten.bickhoff@biteconsulting.eu
Distributed by PR Newswire on behalf of HARMAN
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