| From: Carkey | 12/18/2020 7:06:28 PM | | | | | | Ran across this on the online Samsung community website.
Dolby vision - Samsung Community
The following is a quote from a member of that community:
"Let me buy the ***** license. Just give us the fricking option! Netflix, Xbox, new iPhones all support it. Samsung will never get my future dollar if they do not retroactively support Dolby vision and end this stupid tech war. " |
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| From: Cooters | 1/4/2021 10:35:56 AM | | | | | | Barrington analyst James Goss downgraded Dolby to Market Perform from Outperform.
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From this morning, no details yet, likely on valuation. Cooters |
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| From: Cooters | 1/12/2021 1:46:49 PM | | | | | | Courtesy of Slacker on OLED thread.
LG takes OLED mainstream with new 48-77" A1 OLED TVs - FlatpanelsHD
here's the important part, indicating these lower priced models will include DV
<snip>
LG A1 will be available in 48, 55, 65 and 77 inches. It is a range of affordable 4K OLED TVs that will help take the advanced self-emissive display technology mainstream. You are still getting deep blacks and high contrast, accurate colors, HDR picture quality (with support for up to Dolby Vision IQ), and fast response time. |
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| From: Cooters | 1/28/2021 4:18:38 PM | | | | | | Looks like a big beat...
Dolby Laboratories Reports First Quarter Fiscal 2021 Financial Results | Dolby Laboratories, Inc.
Dolby Laboratories Reports First Quarter Fiscal 2021 Financial Results
SAN FRANCISCO, Jan. 28, 2021 (GLOBE NEWSWIRE) -- Dolby Laboratories, Inc. (NYSE:DLB) today announced the company's financial results for the first quarter of fiscal 2021. For the first quarter, Dolby reported total revenue of $389.9 million, compared to $291.9 million for the first quarter of fiscal 2020.
"We had a good start to the fiscal year with solid financial results and ongoing progress across our growth initiatives," said Kevin Yeaman, President and CEO, Dolby Laboratories. "Dolby Vision and Dolby Atmos continue to grow across more devices and services, including new focus areas like music and gaming, and we are in the early days of enabling a broader range of applications and services as we increase our engagement with developers through Dolby.io."
First quarter GAAP net income was $135.2 million, or $1.30 per diluted share, compared to GAAP net income of $48.8 million, or $0.47 per diluted share, for the first quarter of fiscal 2020. On a non-GAAP basis, first quarter net income was $153.3 million, or $1.48 per diluted share, compared to $65.5 million, or $0.64 per diluted share for the first quarter of fiscal 2020. First quarter cash flows from operations was $82.2 million, compared to $31.2 million for the first quarter of fiscal 2020. First quarter GAAP results included a pre-tax gain of $13.9 million related to the sale of property previously classified as held for sale. A complete listing of Dolby's non-GAAP measures are described and reconciled to the corresponding GAAP measures at the end of this release.
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Second Quarter Fiscal 2021
Dolby is providing the following estimates for its second quarter of fiscal 2021:
Total revenue is estimated to range from $280 million to $310 million Gross margin percentages are anticipated to range from 88% to 89% on a GAAP basis and from 89% to 90% on a non-GAAP basisOperating expenses are anticipated to range from $200 million to $210 million on a GAAP basis and from $175 million to $185 million on a non-GAAP basisEffective tax rate is anticipated to range from 20% to 21% on both a GAAP and non-GAAP basisDiluted earnings per share is anticipated to range from $0.36 to $0.51 on a GAAP basis and from $0.57 to $0.72 on a non-GAAP basis
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Guidance was Q1 rev 330M-360M, non GAAP EPS .97-1.12, Q2 rev 270M-300M. So a big beat on rev and eps, small bump up in Q2 rev. Coot |
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| From: Cooters | 1/28/2021 6:10:32 PM | | | | | | Dolby Q1 2021 earnings call notes - 1/28/21
- Q1 rev $389.9M vs 330M-360M guide. gaap eps 1.30 vs .70-.85 guide. non-GAAP 1.48 vs
.97-1.12 guide. GAAP eps includes a pre-tax 13.9m gain from sale of a property and a 10m charge for inventory and severance due to exiting the conferencing business.
- Q2 rev guide 280m-310m vs prior 270m-300m, due to increase in TAM and not timing. This puts 1H rev guide at 670m-700m. They expect 2H somewhere in the mid-high 500M's, due to timing and seasonality. They did see some revenue they expected in 2H land in Q1, maybe 15m-20m. There was also a true-up of +20m in Q1.
- Highlights in revenue by market were in broadcast and mobile, both on YoY and QoQ basis. Mobile was up 170% QoQ and 200% YoY. They attributed the majority of the gain to timing of a customer, likely Apple.
- $82M cash flow, cash up to $1.2B. Bough back 500K shares and have $147M remaining on their existing share repurchase auth.
- They attributed 2H lower than 1H due to lower TAM, timing, and pace of cinema recovery looking slower, offset by increasing adoption. Listed a wide variety of customer wins, new products adopting Dolby tech, new opportunities in music and gaming in content and products, and increased dolby.io support. There were several questions about dolby.io, the analysts seem very interested in this area. It relates to a lot of areas that expanded during the pandemic, like teacher/student interaction and workplace interaction. Also used to clean up user created audio in the cloud.
- Did not add any detail on DV penetration, but re-iterated it reached mid to high teens % of the 4k tv market in 2020.
- 12 new DC screens including Q1 in Taiwan. As IMAX also reported, DC is gaining market share in China vs vanilla tickets.
Cooters |
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| From: Cooters | 1/29/2021 12:20:45 PM | | | | | | Analyst Actions: B. Riley Adjusts Dolby Laboratories' Price Target to $89 From $79, Keeps Neutral Rating
BY MT Newswires
— 7:29 AM ET 01/29/2021 |
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| From: Carkey | 1/30/2021 8:35:31 PM | | | | | | Here is video which demonstrates what Dolby IO's spatial audio can do for a online conference.
Dolby.io Interactivity APIs Demo | Featuring Spatial Audio & Noise Suppression - Bing video
I have to attend 3 - 4 video calls a day and this would be significantly different than what I experience using the current tool my company provides.
This demonstration showed how you would hear different voices as if they were coming from different parts of a conference room while both were talking. AND multiple voices did not keep you from hearing the person you wanted to listen to.
IMHO - Spatial audio would make my calls more life like which would likely make the calls more productive. |
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| To: Carkey who wrote (251) | 1/30/2021 9:39:32 PM | | From: A.J. Mullen | | | | | If it works as well as the demonstration, I'd be excited if Zoom adopted it. If Teams adopted it first, I'd lobby for my peer-group to switch to them. |
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| From: Cooters | 2/1/2021 12:56:59 PM | | | | | | CFRA MAINTAINS HOLD OPINION ON SHARES OF DOLBY LABORATORIES, INC.
6:06 pm ET January 29, 2021
We keep our 12-month price target of $84, 25x our FY 21 (Sep.) EPS estimate, and squarely in line with the DLB's five-year historical trading band. We keep our FY 21 EPS estimate of $3.36 and lift FY 22's EPS by $0.15 to $3.73. DLB prints Dec-Q adj-EPS of $1.48 vs. $0.64, easily surpassing consensus by $0.44 on upside in sales and cost controls. Quarterly revenues rose 33.6% to $390M, beating consensus by $44.5M. Primary drivers to the top-line beat were a $20M true-up and a $15M-$20M pull-forward in licensing recoveries from mobile customers. DLB also revised its Jan-Q sequential outlook above consensus expectations for revenues ($280M to $310M vs. $290M) and adj-EPS ($0.57 to $0.72 vs. $0.62), aided by higher shipment volumes for select devices (TVs and PCs). For the stock to move materially higher from here, we think an expedited timeline around a recovery in Dolby Cinemas and higher adoption of other technologies (Atmos and Vision) would need to emerge in the second half of FY 2021. |
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| To: Cooters who wrote (253) | 2/1/2021 12:59:37 PM | | From: Cooters | | | | For the stock to move materially higher from here, we think an expedited timeline around a recovery in Dolby Cinemas and higher adoption of other technologies (Atmos and Vision) would need to emerge in the second half of FY 2021.
Couldn't agree more, and since I expect those things to happen, I expect it to go materially higher when they do. Coot |
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