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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.»
Author: Craig McHugh
«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.»
Author: Craig McHugh
«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.»
Author: Craig McHugh
«Of primary importance, we achieved our goal of returning to profitability.»
Author: Craig McHugh
«We will continue to try drive down inventory level so that we are able to be nimble on pricing.»
Author: Craig McHugh
«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.»
Author: Craig McHugh
«We had under invested in the marketing efforts of X-Fi as we focused on becoming No. 2 in the MP3 segment.»
Author: Craig McHugh
«This will make us a leaner, more agile operation.»
Author: Craig McHugh
«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.»
Author: Craig McHugh
«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.»
Author: Craig McHugh