Quotes by Craig McHugh

“We had set our targets higher for unit volume and average selling prices for our MP3 players than we achieved in the period.”

“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.”

“Were 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.”

“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.”

“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.”

“We plan to be very vigorous in the defense of our intellectual property.”

“Were pleased about the patent and the protection it provides us. Were evaluating all the alternatives.”

“Were very open to talking to all the companies interested in using our interface. Were going to be very vigorous in bringing our technology to market, and very vigilant in protecting our patent rights.”

“The patent application was to protect our invention. As you can see . . . the invention is significant.”

“To be able to achieve that, we need to have margins at or above 20 percent.”