Craig McHugh
Craig McHugh
defense plan vigorous
We plan to be very vigorous in the defense of our intellectual property.
defense looking patent vigorous
We are looking at all our alternatives right now. We have always been very vigorous in our defense of our patent portfolio.
apple claim legal patent tried
Apple tried to claim invention, but this patent dispels that. We are going to look at all the alternatives that the patent provides. We can look at legal remedies.
expenses few focus further increase level lower next operating overall plan reduce
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.
achieved goal primary returning
Of primary importance, we achieved our goal of returning to profitability.
adverse drop effect flash gross inventory lower margins memory prices resulted sales
There was a drop in flash memory prices in the quarter, with a precipitous drop in prices at the end of the quarter. This had a significant adverse effect on our sales in the quarter, and resulted in lower revenues, lower gross margins and inventory write-downs in the period.