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More - Craig McHugh Quotes

We believe we can get closer to break-even in the current quarter and that we can return to profitability by the end of this calendar year. - Craig McHugh Quotes

We believe we can get closer to break-even in the current quarter and that we can return to profitability by the end of this calendar year.

One of the key challenges we face in our MP3 business is an industry-wide shortage of 1GB flash memory. Industry demand for high-capacity flash memory currently outstrips supply and this will impact availability of our 1G-byte flash MP3 players for the holiday quarter. The shortage of flash memory, according to industry analyst speculation, is primarily a result of a special deal that Apple has secured from a key supplier for the holiday season. - Craig McHugh Quotes

One of the key challenges we face in our MP3 business is an industry-wide shortage of 1GB flash memory. Industry demand for high-capacity flash memory currently outstrips supply and this will impact availability of our 1G-byte flash MP3 players for the holiday quarter. The shortage of flash memory, according to industry analyst speculation, is primarily a result of a special deal that Apple has secured from a key supplier for the holiday season.

In the next few quarters, we plan to further lower our inventory, reduce our overall level of operating expenses and we will increase our focus on our higher-margin businesses. - Craig McHugh Quotes

In the next few quarters, we plan to further lower our inventory, reduce our overall level of operating expenses and we will increase our focus on our higher-margin businesses.

We are examining each of our product categories to determine how we can improve revenues, return gross margins to 20% percent or higher, and reduce operating expenses as we target a return to profitability in the second half of the calendar year. - Craig McHugh Quotes

We are examining each of our product categories to determine how we can improve revenues, return gross margins to 20% percent or higher, and reduce operating expenses as we target a return to profitability in the second half of the calendar year.

We will continue to try drive down inventory level so that we are able to be nimble on pricing. - Craig McHugh Quotes

We will continue to try drive down inventory level so that we are able to be nimble on pricing.

We're very open to talking to all the companies interested in using our interface. We're going to be very vigorous in bringing our technology to market, and very vigilant in protecting our patent rights. - Craig McHugh Quotes

We're very open to talking to all the companies interested in using our interface. We're going to be very vigorous in bringing our technology to market, and very vigilant in protecting our patent rights.

Even though we increased overall revenues 50 percent year-over-year, the lower-than-expected selling prices for MP3 players and the inventory write-down negatively impacted gross margins. - Craig McHugh Quotes

Even though we increased overall revenues 50 percent year-over-year, the lower-than-expected selling prices for MP3 players and the inventory write-down negatively impacted gross margins.

We're second to them in market size, but now I think it is clear that our user interface has the largest market share in the world. - Craig McHugh Quotes

We're second to them in market size, but now I think it is clear that our user interface has the largest market share in the world.

We are looking at all our alternatives right now. We have always been very vigorous in our defense of our patent portfolio. - Craig McHugh Quotes

We are looking at all our alternatives right now. We have always been very vigorous in our defense of our patent portfolio.

Our revenue in the quarter was the highest for any quarter in the past five years, with increased year-over-year sales in each of our key product categories. - Craig McHugh Quotes

Our revenue in the quarter was the highest for any quarter in the past five years, with increased year-over-year sales in each of our key product categories.

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