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How does a company that wasn't in the business of electronics, cloud computing or TV just a few years ago position itself to make a major impact in these and other industries?
No question times are bad at Cisco: Second-quarter net income fell 27% from a year earlier, to $1.5 billion, as cash-strapped and shell-shocked customers walked away from Cisco's core business of electronics to power the Internet and corporate networks.
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But more remarkable was that the businesses of Electronics Street were private enterprises.
The fire engulfed a dollar store and spread to a next-door business full of electronics, then began to spew plumes of toxic smoke, fire department spokesman Randall Wright told local media.
By contrast, the market has reacted favorably to Audiovox's decision to refocus on its core business of consumer electronics and car security and navigation systems.
Mr. Madovoy may live in Brighton Beach, in Brooklyn, but his "one-man business" of selling electronics often takes him to Manhattan, where he must contend with his Avenue of the Americas issues.
Kaiser Aerospace will help Rockwell Collins to expand its expertise in the business of aviation electronics, he added.
The retailer, which has said five times since July that profit would miss analysts' forecasts, has been cutting jobs and revamping stores to exit the appliance business and increase sales of electronics.
A couple of days after announcing the sale of its 77% stake in its Indian operations to Canada's Fairfax Financial for £94m to help reduce its debt, the company unveiled a new chief executive in the form of Harriet Green of electronics business Premier Farnell.
US officials in January blocked a $2.9bn deal under which Chinese investors would have taken a controlling stake in lighting business Lumileds, a subsidiary of electronics multinational Philips.
Indeed, the company's existing Goods business already has a selection of electronics goods like TVs and tablets so it's less likely that these will also be added into the Basics mix.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com