Yes, if it points to the power strip, get a new one. Those boxs that also have jack to route the phone lines and cable coming into the home will introduce an added resistance and changes in impedance, reducing signal strength. The surge protectors are a sacrifical element and when doing their job will burn themselves out before the equipment can be damaged. IN THEORY.
Just a couple months ago, my TV and DVR started cutting off and turning back on unexpectedly.
I initially thought it was the cable box (Comcast) so I swapped cable boxes and plugged in the new box (right out of the plastic).
After watching TV for a little while, the cable box and TV went out again. I know it's not my TV or the cable box, so now I'm looking at my surge protector.
I have a Phillips (don't remember the Joules) and I've had it since Oct 2009. The lights on it shows that both electronics are protected and grounded.
At this point, I don't know what else it could be. Any help with this would be highly appreciated.
Thank you in advance.