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Dolby technology hits high note

February 6th, 2007 · No Comments

Sound pioneer Dolby Laboratories saw earning spike according to its first quarter financials. Dolby’s net income soared to 29.8 million dollars, up from 17 million year on year. Said Bill Jasper, Dolby President and Chief Executive Officer: “With Dolby’s recognized global brand, broad industry presence, and solid business model, we entered fiscal 2007 in a strong position. With the first quarter completed, I am encouraged by our continued progress. We continue to extend our technologies throughout newer markets, to drive the adoption of additional Dolby technologies, and to innovate.”
New technologies for 2007 include Dolby Volume, aimed at TV manufacturers and Dolby TrueHD, for high definition media. For fiscal 2007, Dolby expects its revenue to hit bewteen 420 to 450 million dollars. Net income is expected to be 100 million to 110 million dollars.

Tags: Home cinema · Miscellaneous items · Trade

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