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News Breaks | | | | July 16, 2012 | | 18:03 EDT |  | DTSI | DTS, Inc. CEO Kirchner comments on preliminary Q2 results
"While we typically experience a sequential decline in revenue in our second quarter as a result of seasonality in our end markets, global economic uncertainty has contributed to results that are nevertheless below certain estimates," said Jon Kirchner, chairman and CEO of DTS, Inc. "Softness in Blu-ray - including standalone players, PCs and game consoles - was partially offset by significant year-over-year growth in the network-connected markets, which we expect to represent the majority of our business over time. Importantly, the acquisition of SRS Labs will accelerate DTS' expansion in these rapidly growing markets by bringing together our two companies' highly complementary product and technology portfolios, enabling us to provide high-quality audio experiences anytime, anyplace, and on any device," concluded Kirchner. | |
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