Craig McHugh
Craig McHugh
invention patent protect
The patent application was to protect our invention. As you can see . . . the invention is significant.
bringing companies interested open patent protecting talking technology using vigilant vigorous
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.
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.
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.
patent pleased protection provides
We're pleased about the patent and the protection it provides us. We're evaluating all the alternatives.
believe calendar closer current quarter return
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.
clear interface largest market second share user
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.
five highest increased key past product quarter revenue sales
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.
becoming efforts focused invested marketing mp3
We had under invested in the marketing efforts of X-Fi as we focused on becoming No. 2 in the MP3 segment.
defense plan vigorous
We plan to be very vigorous in the defense of our intellectual property.
gross increased inventory mp3 negatively overall percent players prices selling though
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.
achieved average higher mp3 players prices selling targets unit volume
We had set our targets higher for unit volume and average selling prices for our MP3 players than we achieved in the period.
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.
achieved goal primary returning
Of primary importance, we achieved our goal of returning to profitability.