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Hier der Bericht von Yahoo... Spatializer Audio Laboratories Inc. Convenes Annual Shareholders Meeting Today With Focus on Leveraging Top Line Growth Into Enhanced Profitability CEO Mandell Says Spatializer Soft Audio Solutions Provide OEMs a Tactical Edge In Today`s Competitive Market on Price, Flexibility, Performance And Ease of Implementation WOODLAND HILLS, Calif., May 25 /PRNewswire/ -- Spatializer Audio Laboratories Inc. (OTC Bulletin Board: SPAZ - news) met today with shareholders at the Woodland Hills Hilton to review the past year`s progress and define strategic initiatives for the coming year. (Photo: http://www.newscom.com/cgi-bin/prnh/20010525/LAF026LOGO http://www.newscom.com/cgi-bin/prnh/20010108/LAM025-a ) Spatializer Chairman and CEO Henry R. Mandell told the company`s shareholders that the Spatializer Audio Laboratories brand is now recognized as the ``de facto`` standard in virtual surround sound within the global DVD market. ``Our vision is to extend the Spatializer brand broadly as the `de facto` standard in digital audio enhancement. No matter which new market or digital platform emerges, Spatializer has a ready solution to enhance the audio experience,`` Mandell declared. ``Our ultimate objective is to leverage the resulting dominance in these new market segments into greater profitability and enhanced shareholder value.`` Mandell told the shareholders to expect more multiple relationships in the future, such as the collaboration with Texas Instruments and the ``force multiplier`` marketing initiative with ReignCom. ``We provide easily implemented, turn-key audio enhancement solutions to OEMs that elevate the consumer`s satisfaction while providing bottom line building benefits to the OEM,`` Mandell explained. ``We positioned ourselves as the audio specialists and problem solvers to OEMs whose internal audio engineering resources are spread thin.`` Mandell asserts that there is a paradigm shift afoot: ``Design engineers can deliver natural sound to the consumer the hard way ... or the easy way: They either design around expensive discrete analog chips ... or leverage the power of the DSP with psycho-acoustic software from Spatializer. Spatializer digital solutions provide the edge on price, flexibility, ease of implementation and total quality listening experience.`` Mandell reported that Spatializer`s revenues increased 33 percent last year. Revenues for the year rose to $2,202,000, compared to $1,660,000 in the comparable period last year. Net income for fiscal 2000 was $382,000, or $0.01 per share, compared to net income of $355,000, $0.01 per share in the prior year. ``Two years ago we lost nearly $6 million,`` Mandell explained. ``Although it wasn`t a walk in the park this past year, we remained nicely profitable, delivering a 17 percent return on net sales. At year-end, we had $1,651,000 in shareholders equity, compared to $768,000 at the end of 1999 -- an increase of 115 percent. Two years ago we had a significant deficit. Our working capital at year end was $1,195,000 compared with a working capital of only $395,000 last year -- that`s a 203 percent increase.`` Last year, Mandell said that he laid out four broad objectives for Spatializer: 1. Establish Spatializer N-2-2(TM) as the de facto virtual surround sound standard; 2. Dominate the market for audio enhancement in portable music devices; 3. Expand e-commerce opportunities for StreamFX(TM) on the Internet; and 4. Extend Spatializer technology applications to emerging markets. ``We tested the market and evaluated these objectives. We opportunistically capitalized on industry trends,`` Mandell told shareholders. ``I`m happy to tell you today that ... despite a very challenging year for technology companies in general ... we have achieved many of the viable objectives that were outlined. ``Without doubt, Spatializer N-2-2(TM) is now the `de facto` standard for virtual surround sound within the global DVD player market. We successfully effected design wins with Hitachi and DVD-RW. We successfully launched NUON(TM) software with Toshiba and Samsung and completed the Ziva 5(TM) design-in,`` Mandell said. ``But we still have our work cut out for us as we pursue our strategy for dominating other audio applications, including set top boxes, Internet appliances, digital TV and portable devices.`` Mandell added that the IP protection and engineering issues became hurdles to penetrating the portable music device market. He explained that Japanese manufacturers have taken a go-slow approach as a result. OEMs have also insisted on evaluating software on the actual processor to be used, rather than laptop demonstrations, as had been the practice. As a result, the licensing process within the industry moves very slowly and the markets for MP3 players and Internet appliances are still developing. ``We`ve targeted those opportunities that we felt would benefit the company most,`` Mandell pointed out. ``This strategy is paying off. We invested a lot of time and effort in building a terrific relationship with Texas Instruments. The leads generated from this relationship are remarkable. We`re making headway with Cirrus, the number one audio processor foundry. We`ve set in motion a revamped Pacific Rim sales organization that efficiently piggybacks onto Cirrus hardware sales. And we`ve focused on headphone enhancement ... key to the portable market.`` To realize Spatializer`s corporate vision, Mandell said that the company must evangelize the technology; that it must continue developing strategic, long-term relationships, that it must use its brand dominance to leverage growth and it must develop new products. Mandell is fervent about evangelizing Spatializer`s technology. ``The Digital Revolution is upon us,`` Mandell insists. ``It`s changing the way we acquire, listen to and appreciate music. The challenge is no longer how to capture sound ... but how to reproduce it as precisely and accurately as the captured original. ``I`ve talked about the Digital Audio Revolution in the past -- but what does it mean to Spatializer and its shareholders? It means we have the right products at the right time in the right place,`` Mandell told shareholders. ``It means that audio designers have unparalleled power and engineering flexibility at their fingertips. It means that audio enhancement software becomes a viable solution to overcoming the limitations of cost, size, frequency response and power consumption in many of today`s consumer electronics. It means that Spatializer is a company whose time has arrived.`` Mandell also informed the shareholders that the company is very proud of the engineering team that has been put together. ``We`re confident that the innovations and new products that are emerging from their research and development give us the competitive edge we need to expand our leadership in virtual audio software and to fully capitalize on the Digital Audio Revolution. These are the first fruits of our investment in research and development.`` Mandell advised shareholders that they could look for the following new products to be offered over the next year: * Spatializer N-2-2(TM) v 3.0 -- which will provide extraordinary user control, * Spatializer Virtual Sound Processor(TM) -- a streaming enhancement with a new twist, * Speech/Dialogue Enhancement -- digital dialogue intelligibility and voice centering, * Spatializer Virtual Soundfields(TM) -- which promises to take 3D stereo to a higher dimension. Mandell concluded that to be successful, Spatializer must provide comprehensive audio solutions that enhance the ears and the wallet, that it must exploit its competitive advantages, that it must unleash shareholder value through profitability; and that it must stay focused ... be relentless ... and vigorously execute the company`s strategic plan. ``We believe our long-term success is based on effective solutions coupled with growing these strategic bottom-line-building relationships. We`re very bullish on these developments.`` ............................................................. Quelle: http://ragingbull.lycos.com/mboard/boards.cgi?board=SPAZ&re… By: bugzapper1 $$$ Reply To: 46208 by player19777 $$$$ Saturday, 26 May 2001 at 7:37 PM EDT Post 46211 of 46221 Player- I was curious as to the whereabouts of Andy Marken, not having seen any mention of him or signs of an impending PR campaign. As I said, Henry was quick to answer that he was no longer affiliated with us and moved on to the next question. Later, I got to meet Sol Friedman, our new CTO, who seemed the tech genius. We touched on some of his bonafides and I got to wish him a lot of good luck. I couldn`t help thinking about Andy Wheeler, Ted Tanner and the likes as I talked to him. New faces and names have come to Spatializer, frequently with a PR announcement and attendent excitement among us investors, but we never see them go. We were even left guessing as to when infamous Steven Gershick actually, truly, departed. I do understand that news of this type could be negatively construed, but, sheesh, I was still writing "go Andy" posts after they were most likely gone. But what the heck, if these guys weren`t materially affecting the company or its performance, adios muchachos! Overall,though I`d say that we have beened trained to expect consistancy in this approach. Even after the addition of MDC and David Castenada and Bob Jordan, the timing and the tone of how Spatializer handles information remains relatively predictable. Based on what I`ve seen of other companies, including many of those on the senior exchanges, I find that reassuring. BZ1 und nun die automatische Übersetzung ... Sie ist zwar nicht sehr gut aber besser als gar nichts Ich war hinsichtlich des Aufenthaltsortes von Andy Marken neugierig, nachdem ich gesehen nicht jede mögliche Erwähnung von ihm ichgesehen hatte, oder Zeichen eines schwebenden Fotorezeptors werben. Als I, das gesagt wurde, war Henry schnell, zu beantworten, daß er nicht mehr mit uns angeschlossen war und an auf die folgende Frage verschoben. Später erhielt ich, Solenoid Friedman, unser neuer CTO zu treffen, der das Techgenie schien. Wir berührten uns auf einigen seiner bonafides und ich erhielt, ihm eine Menge gutes Glück zu wünschen. Ich könnte nicht an, Wheeler Andy, Ted Tanner und die Gleichen zu denken helfen, während ich mit ihm sprach. Neue Gesichter und Namen sind zu Spatializer, häufig mit einer Fotorezeptoransage und einem attendent Excitement unter uns Investoren gekommen, aber wir sehen sie nie zu gehen. Uns wurden sogar das Schätzen hinsichtlich als unbeliebter Steven Gershick gelassen wirklich wirklich, abgereist. Ich verstehe, daß Nachrichten dieser Art negativ analysiert werden konnten, aber, sheesh, war ich ruhige Schreiben " gehe Pfosten Andy ", nachdem sie gegangen wahrscheinlichstes waren. Aber was der Heck, wenn diese Halteseile nicht materiell die Firma oder seine Leistung beeinflußten, adiosmuchachos! Gesamt, obwohl ich sagen würde, daß wir haben, beened ausgebildet, um consistancy in dieser Annäherung zu erwarten. Sogar nach der Hinzufügung von MDC Gruppe und von David Castenada und Bob Jordanien, die Zeitbegrenzung und der Ton von, wie Spatializer des vorhersagbaren Informationen Remains verhältnismäßig anfaßt. Gegründet auf was ich von anderen Firmen, einschließlich vieler von denen auf den älteren Austäuschen, ich gesehen habe, finden Sie das, zu versicheren. ............................................................ Die, die jetzt noch dabei sind, denen kann ich nur sagen das wir bald die Zeit der Ernte tragen dürfen. Aber wir sollte nicht vergessen das die letzten PR`s Zeit brauchen bis sie von der Chipindustrie aufgenommen und in neue Produktlinien implementiert werden können. Bitte keine unnötigen Euphorien wir sind auf dem besten weg einen Standart zu setzen und werden in 1-2 Jahren auf die Früchte Ernten dürfen. Bald wir Spatializer so selbstverständlich sein wie Dolby Digital, DTS oder Intell inside um nur einige zu nennen aber wie lange brauchte Intell ??? Um so weit zu kommen ... also nur Geduld... Wer weitere Informationen zum Shareholder Meeting 2001 hat schreibt diese Information bitte hier rein. Euch noch ein schönes Wochenende... Ciao Vaio P.S.: An der Börse wird die Zukunft gehandelt und ich gehe davon aus das 2002-2003 gute Börsen Jahre werden und im Bezug auf Spaz dann wir Ernten dürfen.... Aber das kann keiner im Voraus sehen nur meine ganz persönliche Meinung!! |
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| aus der Diskussion: | +++ Spatializer: Convenes Annual Shareholders Meeting 2001+++ |
| Autor (Datum des Eintrages): | Vaio (27.05.01 12:40:55) |
| Beitrag: | 1 von 56 (ID:3601922) |
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