[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$fyQ9xVTP01Ul78PTDVRLRXjQR5OzyB-TqR1d3chJ9cLM":3,"$frhHbdcs9Fw9vq_dUf6BReQPyiful6gq32XE0T_fzzio":12},{"author":4,"tags":11},{"author_id":5,"author_name":6,"author_name_first_letter":7,"article_count":8,"bio":9,"short_bio":9,"slug":10,"image_url":9},161404,"Craig McHugh","C",20,null,"craig-mchugh",[],{"quotes":13,"pagination":125},[14,27,39,50,61,72,81,92,103,114],{"id":15,"quote_text":16,"author_id":5,"source_id":17,"has_image":18,"author":19,"source":20,"quote_tag":21,"commentary":9},1983295,"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.",4,false,{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[22],{"id":23,"tag":24},4971015,{"id":25,"tag_name":26},18789,"expenses",{"id":28,"quote_text":29,"author_id":5,"source_id":17,"has_image":18,"author":30,"source":31,"quote_tag":32,"commentary":38},1983292,"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.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[33],{"id":34,"tag":35},4971009,{"id":36,"tag_name":37},1697,"apple","**The Backstory**\nThis quote is attributed to Craig McHugh, an American lawyer and patent attorney, although the specific origin of this quote is unclear. However, considering the context of the quote, it is likely from a discussion or interview related to patent disputes, possibly in the early 2000s when patent litigation was becoming increasingly complex. McHugh's background in intellectual property law suggests he would be involved in such discussions, shedding light on the intricacies of patent claims and disputes.\n\n**The Hidden Insight**\nThe quote reveals a nuanced understanding of innovation and the role of patents in the process. On the surface, it appears to be a straightforward statement about challenging patent claims. However, the deeper insight lies in the acknowledgment that the pursuit of innovation often involves not just the creation of new ideas but also the critical examination of existing patents and the legal frameworks that govern them. This perspective highlights the tension between claiming originality and the reality of building upon existing knowledge.\n\n**How to Use This**\nTo apply this mindset today, professionals and creatives can benefit from a more nuanced approach to innovation. Rather than solely focusing on creating novel ideas, they should also engage in a critical examination of existing patents, legal precedents, and industry standards. This can involve not only understanding the technical aspects of patent law but also recognizing the cultural and historical contexts that shape innovation, allowing for more informed and strategic decision-making.",{"id":40,"quote_text":41,"author_id":5,"source_id":17,"has_image":18,"author":42,"source":43,"quote_tag":44,"commentary":9},1983290,"Of primary importance, we achieved our goal of returning to profitability.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[45],{"id":46,"tag":47},4971008,{"id":48,"tag_name":49},5660,"achieved",{"id":51,"quote_text":52,"author_id":5,"source_id":17,"has_image":18,"author":53,"source":54,"quote_tag":55,"commentary":9},1983284,"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.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[56],{"id":57,"tag":58},4971004,{"id":59,"tag_name":60},8481,"adverse",{"id":62,"quote_text":63,"author_id":5,"source_id":17,"has_image":18,"author":64,"source":65,"quote_tag":66,"commentary":9},1983272,"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.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[67],{"id":68,"tag":69},4970995,{"id":70,"tag_name":71},18331,"gross",{"id":73,"quote_text":74,"author_id":5,"source_id":17,"has_image":18,"author":75,"source":76,"quote_tag":77,"commentary":9},1983267,"We had set our targets higher for unit volume and average selling prices for our MP3 players than we achieved in the period.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[78],{"id":79,"tag":80},4970985,{"id":48,"tag_name":49},{"id":82,"quote_text":83,"author_id":5,"source_id":17,"has_image":18,"author":84,"source":85,"quote_tag":86,"commentary":9},1983260,"We're very open to talking to all the companies interested in using our interface. We're going to be very vigorous in bringing our technology to market, and very vigilant in protecting our patent rights.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[87],{"id":88,"tag":89},4970976,{"id":90,"tag_name":91},35007,"bringing",{"id":93,"quote_text":94,"author_id":5,"source_id":17,"has_image":18,"author":95,"source":96,"quote_tag":97,"commentary":9},1983250,"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.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[98],{"id":99,"tag":100},4970971,{"id":101,"tag_name":102},61711,"calendar",{"id":104,"quote_text":105,"author_id":5,"source_id":17,"has_image":18,"author":106,"source":107,"quote_tag":108,"commentary":9},1983241,"To be able to achieve that, we need to have margins at or above 20 percent.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[109],{"id":110,"tag":111},4970959,{"id":112,"tag_name":113},13969,"above",{"id":115,"quote_text":116,"author_id":5,"source_id":17,"has_image":18,"author":117,"source":118,"quote_tag":119,"commentary":9},1983233,"This will make us a leaner, more agile operation.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[120],{"id":121,"tag":122},4970951,{"id":123,"tag_name":124},20306,"agile",{"currentPage":126,"totalPages":127,"totalItems":8,"itemsPerPage":128},1,2,10]