20 Quotes by Craig McHugh

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.

We're 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.

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.

We're pleased about the patent and the protection it provides us. We're evaluating all the alternatives.

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.

We had under invested in the marketing efforts of X-Fi as we focused on becoming No. 2 in the MP3 segment.

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

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

We are looking at all our alternatives right now. We have always been very vigorous in our defense of our patent portfolio.