1016470--2/24/2009--SRS_LABS_INC

related topics
{product, market, service}
{customer, product, revenue}
{property, intellectual, protect}
{operation, international, foreign}
{personnel, key, retain}
{provision, law, control}
{condition, economic, financial}
{stock, price, share}
{stock, price, operating}
We are exposed to risks in our licensing business related to product and customer concentration. General economic conditions may reduce our revenues and harm our business. Our business is highly dependent on the consumer electronics market, which is characterized by short product life cycles, fluctuations in demand and seasonality, and is subject to risks related to product transitions and supply of other components. We depend on the sale by our licensees of products that incorporate our technologies, and a reduction in those sales would adversely affect our licensing revenue. Pricing pressures on the consumer electronics product manufacturers, who incorporate our technologies into their products, could limit the licensing fees we charge for our technologies, which could reduce our revenues. We face intense competition from companies with greater brand recognition and resources. Inaccurate licensee royalty reporting and unauthorized use of our intellectual property could materially adversely affect our operating results. Our business and future prospects depend upon the strength of our brand. Awareness of our brand depends to a significant extent upon decisions by our customers to display our trademarks on their products, and if our customers do not display our trademarks on their products, our ability to increase our brand awareness may be harmed. Licensee products that incorporate our technologies, from time to time, experience quality problems that could damage our brand, decrease revenues and increase operating expenses. We are subject to risks associated with substantial international operations. We have a long and unpredictable sales cycle, which can result in uncertainty and delays in generating additional revenues. If our patents and other intellectual property rights do not adequately protect our products, we may lose market share to our competitors and be unable to operate our business profitably. If we lose the services of our key personnel, or if we are unable to attract and retain other key personnel, we may not be able to manage our operations or meet our growth objectives. The market price of our common stock is volatile and your investment in our common stock could suffer a decline in value. Our certificate of incorporation and bylaws as well as Delaware law contain provisions that could discourage transactions resulting in a change in control, which may negatively affect the market price of our common stock.

Full 10-K form ▸

related documents
1016470--2/23/2010--SRS_LABS_INC
892482--3/16/2009--RIMAGE_CORP
836690--12/14/2009--INNOVATIVE_SOLUTIONS_&_SUPPORT_INC
836690--12/14/2010--INNOVATIVE_SOLUTIONS_&_SUPPORT_INC
56978--12/14/2006--KULICKE_&_SOFFA_INDUSTRIES_INC
915735--3/14/2006--STRATASYS_INC
892482--3/14/2008--RIMAGE_CORP
892482--3/16/2007--RIMAGE_CORP
926282--3/6/2006--ADTRAN_INC
103379--2/27/2007--V_F_CORP
1113232--3/15/2010--AXCELIS_TECHNOLOGIES_INC
1113232--3/15/2007--AXCELIS_TECHNOLOGIES_INC
915735--3/11/2009--STRATASYS_INC
892482--3/15/2006--RIMAGE_CORP
1048695--11/23/2010--F5_NETWORKS_INC
1113232--3/17/2008--AXCELIS_TECHNOLOGIES_INC
1054374--1/28/2008--BROADCOM_CORP
103379--3/3/2009--V_F_CORP
1113232--3/14/2006--AXCELIS_TECHNOLOGIES_INC
103379--3/10/2006--V_F_CORP
1063085--12/13/2007--CATAPULT_COMMUNICATIONS_CORP
1111721--7/12/2007--STRATOS_INTERNATIONAL_INC
1033905--2/25/2010--LUMINEX_CORP
1033905--2/26/2009--LUMINEX_CORP
56978--12/11/2007--KULICKE_&_SOFFA_INDUSTRIES_INC
892482--3/12/2010--RIMAGE_CORP
1111721--7/28/2006--STRATOS_INTERNATIONAL_INC
910721--3/16/2006--J_JILL_GROUP_INC
21535--2/25/2009--COHU_INC
225263--3/17/2009--NEWPORT_CORP