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SonicSolutions related Technical Updates [Page: 9 of 18] @ TACKtech Corp. |
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Net revenue for the quarter was $35.6 million. Cost of revenue, excluding any stock-based compensation costs, was $8.3 million. Included in cost of revenue is $1.2 million of expenses related to the amortization of acquired intangibles. Operating expenses, excluding stock-based compensation costs were as follows; marketing and sales expenses were $9.0 million, research and development expenses were $10.7 million, and general and administrative expenses were $4.9 million. Additionally, expenses associated with the recently completed stock option review were $3.0 million and we recorded a restructuring charge of $2.9 million associated with the closure of our Richmond Hill facility. Other income (net of other expenses) was $0.3 million. For the quarter ended December 31, 2007, the outstanding basic number of shares was approximately 26.3 million. As of December 31, 2007, Sonic had cash, restricted cash, cash equivalents and short term investments of $65.2 million. Bank debt at December 31, 2007 was $20.0 million.
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Full View / NID: 20692 / Submitted by: TACKtech Team
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Novato, CA (February 19, 2008) — Sonic Solutions® (NASDAQ: SNIC), the leader in digital media software, today announced its Roxio-branded consumer applications were number one in U.S. retail in 2007. According to NPD Group figures, which track retail sell-through in North America, Roxio applications increased their market share over the previous year and lead the category in terms of units and revenue with 32% and 42% respectively*. Sonic’s retail leadership was fueled by strong performances for the company’s flagship Roxio-branded digital media applications Toast and Easy Media Creator. On the Windows platform, Easy Media Creator led its category and more than doubled the revenue share of its next closest competitor. Similarly on the Mac platform, Toast dominated, increasing unit sales year-over-year by 49% and securing over 90% share of category revenue.
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Full View / NID: 20551 / Submitted by: TACKtech Team
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Santa Clara, California A (February 13, 2008) — Roxio®, a division of Sonic Solutions® (NASDAQ: SNIC), the leader in digital media software, , today launched three new applications that enable consumers to make the most of their digital libraries. MyDVD® 10 Premier, Easy DVD Copy® 4 Premier and RecordNow™ Music Lab 10 Premier easily turn photos, videos and music into impressive digital media creations that can be shared on CD, DVD or enjoyed on a variety of portable devices. MyDVD 10 is a comprehensive video editing and DVD creation suite for the growing number of consumers who want to edit home movies and create slideshows and video compilations to view on widescreen TVs or to share online. To satisfy consumers who wish to enjoy their favorite personal media content and entertainment on the road, Roxio is also releasing Easy DVD Copy 4, the ultimate DVD copy and video conversion application. Designed for the music enthusiast, RecordNow Music Lab 10 makes collecting, organizing and creating perfect playlists quick and easy. All three applications are Vista certified. MyDVD 10 Premier and RecordNow Music Lab 10 Premier are available now at www.roxio.com for $69.99 and $49.99 respectively. Easy DVD Copy 4 Premier will be available later this month for $49.99.
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Full View / NID: 20477 / Submitted by: TACKtech Team
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Novato, CA (February 11, 2008) — Sonic Solutions® (NASDAQ: SNIC), the leader in digital media software, today announced that PLDS (Philips & Lite-On Digital Solutions Corp.) has signed a Qflix™ technology and IP licensing agreement. PLDS is integrating Qflix technology into a range of optical disc drives planned for release this year that will enable downloaded movies and video programs to be recorded to DVD with Content Scramble System (CSS) encryption. As the industry-approved content protection mechanism used on mass-produced discs, CSS has been deemed essential by many major content providers for the electronic sell through of premium entertainment. The Qflix drives by PLDS are available for duplication system vendors providing custom DVD manufacturing services to Internet retailers, as well as PC manufacturers developing consumer desktops and notebooks.
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Full View / NID: 20419 / Submitted by: TACKtech Team
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NOVATO, CA (February 5, 2008) — Sonic Solutions® (NASDAQ: SNIC) will release preliminary financial results for its third quarter fiscal 2008 after the close of the market on Tuesday, February 26, 2008. Members of Sonic’s management team will hold a conference call that day at 1:30 PM (PST) to discuss the preliminary results.
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Full View / NID: 20329 / Submitted by: TACKtech Team
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Novato, CA (January 30, 2008) - Sonic Solutions® (NASDAQ: SNIC), the leader in digital media software, today announced that its Professional Products Group will focus its research and development resources on the creation of new applications for cutting-edge authoring of Blu-ray Disc titles that encompass the interactive and connected-content capabilities of BD-Live. The group will also increase resource allocation on developing its encoding and title creation applications that streamline the process of preparing video entertainment for digital distribution. In order to address these emerging market opportunities and optimize investment return, the Professional Products Group will conclude sales of its Scenarist® HD DVD authoring product line.
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Full View / NID: 20206 / Submitted by: TACKtech Team
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Santa Clara, California (January 22, 2008) - Roxio®, a division of Sonic Solutions® (NASDAQ: SNIC), the leader in digital media software, today launched BackOnTrack™ Online, a digital media storage solution that automatically and continuously protects personal data and precious family memories. Trivially easy to set up and maintain, personal content is encrypted and uploaded to a remote and secure Roxio online backup center. In the event of computer data loss due to a crash, system theft, human error or even natural disaster, consumers' digital files can be quickly restored from any Web-connected computer. Consumers can begin safeguarding their digital lives today through a risk-free, 15-day trial available directly from Roxio at www.roxio.com. A 12-month subscription offering unlimited storage space is available for $49.99.
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Full View / NID: 20095 / Submitted by: TACKtech Team
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Las Vegas, Nevada, CES (January 7, 2008) - Sonic Solutions® (NASDAQ: SNIC), the leader in digital media software, announced today that RITEK Corporation, the leading global manufacturer of optical media, has signed a Qflix™ technology and IP licensing agreement. RITEK is now taking orders on specialized DVDs that will enable the on-demand recording of digitally distributed entertainment with CSS encryption (Content Scramble System) - the same protection found on commercially mass-produced titles. The Qflix DVDs will be used by duplication system operators providing custom DVD publishing services to Internet retailers and in movie kiosks that will offer retail customers touch-screen access to a vast virtual inventory of rich content. The Qflix media will also be available for consumer use in the home as a way to legally record premium entertainment downloaded from the Internet. Demonstrations of Qflix solutions are available by appointment in Sonic's private meeting room at the Renaissance Hotel (Copa Conference Suite A and B) during the Consumer Electronics Show (CES), January 7th to the 12th, Las Vegas, NV.
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Full View / NID: 19837 / Submitted by: TACKtech Team
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Sonic Solutions® is announcing that president and CEO, Dave Habiger, along with general manager of Sonic's Advanced Technology Group, Jim Taylor, will be part of the conference program at the 2008 International Consumer Electronics Show (CES). Habiger and Taylor will be discussing the impact of the emerging DVD-on-demand market and Sonic's pioneering work to establish new, secure channels for the electronic distribution of premium entertainment.
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Full View / NID: 19650 / Submitted by: TACKtech Team
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Novato, CA, December 19, 2007 - Sonic Solutions® (NASDAQ: SNIC), the leader in digital media software, announced today that CMC Magnetics Corporation (TSEC: CMC), a leading optical storage manufacturer, has signed a Qflix™ technology and IP licensing agreement. CMC is beginning production on Qflix DVDs, which enable the secure, on-demand recording of digitally distributed entertainment with the same protection as commercially mass-produced titles. CMC is currently taking orders for two versions of Qflix media expected to be in broad use next year. The first type will be employed by duplication system operators providing custom DVD publishing services to retailers. The second type is designed for use in retail movie kiosks as well as in the home, where they will enable consumers to legally record premium entertainment downloaded from the Internet.
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Full View / NID: 19626 / Submitted by: TACKtech Team
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Novato, CA, December 18, 2007 - Sonic Solutions® (NASDAQ: SNIC) today announced that Executive Vice President and Chief Financial Officer Clay Leighton will present at the 10th Annual Needham Growth Stock Conference on Thursday, January 10, 2008, at 7:30 AM EST, at the New York Palace Hotel. An on-demand audio webcast of the presentation will be accessible through the company's Investor Relations Webcast section at www.sonic.com.
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Full View / NID: 19609 / Submitted by: TACKtech Team
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Net revenue, in accordance with U.S. Generally Accepted Accounting Principles ("GAAP"), for the quarter was $32.3 million. Cost of revenue, excluding any stock-based compensation costs, was $8.8 million. Included in cost of revenue is $1.2 million of expense related to the amortization of acquired intangibles. Marketing and sales expenses, excluding any stock-based compensation costs, were $9.1 million. Research and development expenses, excluding any stock-based compensation costs, were $11.5 million. General and administrative expenses, excluding any stock-based compensation costs, were $4.9 million. Additionally, the expenses associated with the ongoing stock option review were $1.5 million and restructuring expenses were $0.2 million. Other income (net of other expenses) was $0.6 million. For the quarter ended September 30, 2007, the outstanding basic number of shares was approximately 26.3 million.
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Full View / NID: 19255 / Submitted by: TACKtech Team
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NOVATO, California (November 21, 2007) - Sonic Solutions® (NASDAQ: SNIC) today announced it had received, as expected, an additional notice of non-compliance from the Listing Qualifications Staff of The NASDAQ Stock Market (the “Staff”) on November 15, 2007 due to Sonic’s failure to timely file its Quarterly Report on Form 10-Q for its fiscal quarter ended September 30, 2007 (the “Additional Staff Determination”), as required by NASDAQ Marketplace Rule 4310(c)(14).
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Full View / NID: 19219 / Submitted by: TACKtech Team
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Novato, CA, November 13, 2007 - Sonic Solutions® (NASDAQ: SNIC), announced today it was honored with a Best of What's New Award from Popular Science, the influential science and technology magazine. The accolade is in recognition for the company's Qflix™ program, which includes technology and intellectual property for enabling consumers to legally record Internet downloaded movies to DVD. Popular Science editors selected the Qflix program from thousands of submissions representing a broad range of industries, aviation and space, engineering, personal health, and technology. The Qflix program and other Best of What's New winners are being showcased in the December issue of Popular Science - the most widely read edition of the year.
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Full View / NID: 19019 / Submitted by: TACKtech Team
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Novato, CA & Marina Del Rey, CA , November 6, 2007 - Sonic Solutions® (NASDAQ: SNIC), the leader in digital media software, and CinemaNow (www.cinemanow.com), a digital entertainment innovator delivering high-quality Hollywood movies and TV shows across multiple platforms, announced today a collaboration that will enable consumers to legally burn Internet downloaded entertainment onto protected recordable DVDs for playback on standard and high-definition players. CinemaNow is participating in Sonic's Qflix™ technology and Intellectual Property licensing program, which allows video entertainment to be recorded to DVD using industry approved Content Scramble System (CSS) encryption. Additionally, CinemaNow's robust library of video content will be available within Sonic's movie download application, Roxio Venue™ that will be distributed through Sonic's broad OEM and retail channels to provide convenient access to millions of consumers.
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Full View / NID: 18902 / Submitted by: TACKtech Team
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Santa Clara, California (October 18, 2007) — Roxio®, a division of Sonic Solutions® (NASDAQ: SNIC), the leader in digital media software, today announced that Roxio Easy Media Creator® 10 has received a prestigious Editors' Choice Award from PC Magazine, a leading resource for authoritative, labs-based reviews of computing products for over 7 million technology buyers. The latest acknowledgment adds to an impressive list of accolades and positive reviews that Easy Media Creator 10 has received from technology press in the U.S. and Europe since its introduction in September of this year and extends the brand's decade-long history of securing top honors from leading technology journals. Easy Media Creator 10 is available at www.roxio.com and in retail stores throughout North America for a suggested retail price of $99.99.
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Full View / NID: 18628 / Submitted by: TACKtech Team
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Santa Clara, California (October 16, 2007) — Roxio®, a division of Sonic Solutions® (NASDAQ: SNIC), the leader in digital media software, today launched BackOnTrack™ 3, a comprehensive suite of applications that provide consumers a straightforward way to safeguard their irreplaceable personal media and critical documents. BackOnTrack uses a unique three-level protection strategy that includes instant system restoration in the event of a major system crash, disaster recovery in case of a lost or damaged hard drive, and automated data backup to secure important files such as treasured family photos, videos and financial records. BackOnTrack 3 Suite is available today directly from Roxio at www.roxio.com for $49.99.
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Full View / NID: 18593 / Submitted by: TACKtech Team
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Tokyo, Japan, and Novato, California (October 2, 2007) — Pioneer Corporation, a leading global manufacturer of consumer and business-use electronics products, and Sonic Solutions®, the leader in digital media software, have begun a worldwide joint licensing program of patents and other related IP for the encryption and burning of video content to recordable DVD media for playback on DVD players. To respond to consumer and industry interest in “electronic sell-through” of video content and to facilitate the adoption of secure download and burn applications in accordance with the approved industry specifications for recording downloads set by the DVD Forum and the DVD Copy Control Association, Pioneer and Sonic have established a royalty-bearing licensing program that will be administered by Sonic under the Qflix™ name. The program will broadly license the companies’ combined intellectual property that allows DVD recording technologies to use CSS (Content Scramble System), which is the same content protection found on commercially released DVD movies.
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Full View / NID: 18373 / Submitted by: TACKtech Team
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Novato, CA (September 27, 2007) — Sonic Solutions® (NASDAQ: SNIC), announced today its technologies and intellectual property are behind a range of products being introduced to establish new businesses for the digital distribution of video entertainment that can be burned on demand to protected discs. Sonic's DVD On Demand™ software platform and Qflix™ recordable CSS program - based on the recently approved industry specifications for recording electronic downloads set by the DVD Copy Control Association (DVD CCA) - are being used in new products from DVD media makers, optical drive manufacturers, retail kiosk vendors, and duplication system suppliers. These products, combined with services and solutions being delivered by additional Sonic partners in the consumer electronics, entertainment distribution, and PC industries provide content owners new, secure platforms to digitally distribute their broad entertainment catalogs.
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Full View / NID: 18310 / Submitted by: TACKtech Team
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Novato, CA (September 17, 2007) — Sonic Solutions® (NASDAQ: SNIC) today announced a multi-year, global licensing agreement with RealNetworks® for Sonic AuthorScript®, the company's media formatting and CD/DVD burning engine. RealNetworks has integrated the AuthorScript DVD burn technology into the new version of the RealPlayer®, enabling users to reliably burn personal content and online digital media entertainment files that are not DRM protected to CD or DVDs that play on the more than one billion DVD players installed worldwide.
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Full View / NID: 18046 / Submitted by: TACKtech Team
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