The News Review:
- 10-K: DIVX INC
- DivX 4Q profit drops 31 percent
- DivX Inc. Q4 2008 Earnings Call Transcript
10-K: DIVX INC
MarketWatch (press release)
ur actual results and the timing of events may differ materially from those contained in these forward-looking statements due to a number of factors including those discussed in Item 1A-”Risk Factors” and elsewhere in this Annual Report. verview We create products and services designed to improve the experience of media. ur long-term goal is to allow creators to have the ability to capture their content in the DivX format using any device or software of their choosing and to allow consumers of such content to playback and interact with it on any device or platform. The first step towards our goal was to build and release a high-quality video compression-decompression software library or codec to enable distribution of content across the Internet and through recordable media. As a result we created the DivX codec which has been actively sought out and downloaded by consumers hundreds of millions of times. These downloads include those for which we receive revenue as well as free downloads such as limited-time trial versions and downloads provided as upgrades to existing end users of our products. After the significant grass-roots adoption of our codec the next step towards our goal was to license similar technology to consumer hardware device manufacturers and certify their products to ensure the interoperable support of DivX-encoded content.
DivX 4Q profit drops 31 percent
Forbes
on Monday said its fourth-quarter profit fell 31 percent due to weaker sales as consumers cut back amid the recession. Net income declined to $2. 6 million or 8 cents per share from $3. 7 million or 11 cents per share a year ago. Stripping out share-based compensation expenses amortization of purchased intangible assets and asset impairment charges DivX (nasdaq:.
DivX Inc. Q4 2008 Earnings Call Transcript
Seeking Alpha
Halvorson – Chief Financial fficer & Executive Vice PresidentAnalystsJohn Bright ? Avondale PartnersPaul Coster ? J. Morgan Robert Stone ? Cowen & CompanyJames Goss ? Barrington ResearchJustin Cable ? Global Hunter SecuritiesPresentationperatorWelcome to the DivX fourth quarter and fiscal year 2008 operational and financial results conference call. Today?s conference is being recorded. At this time for opening remarks and introductions I would like to turn the conference over to Miss Karen Fisher. KarenI am Karen Fisher Vice President for Investor Relations and Compliance and with me on the call today is Kevin Hell our Chief Executive fficer and Dan Halvorson our Executive Vice President and Chief Financial fficer. Before we get started I would like to read a brief Safe Harbor statement and then turn the call over to Kevin Hell.
Related from Murtoughsupply: PMC-Sierra Inc. Q4 2008 Earnings Call Transcript