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« January 2005 |
| March 2005 »
AUSTIN, TEXAS, February 14, 2005—DisplaySearch, the worldwide leader
in flat panel display (FPD) market research and consulting, reported in
its Q1`05 Quarterly PDP Module and TV Shipment and Forecast Report that
PDP modules exceeded expectations by 3% in Q4`04, rising 37% Q/Q and
98% Y/Y to a record 1.2M panels. This stronger than expected growth can
be attributed to strong holiday and Super Bowl demand, supported by
lower pricing and rising interest in flat panel TVs and HDTVs. Blended
PDP module ASPs fell at a double-digit rate in Q4`04 for the third
consecutive quarter, resulting in a 23% Q/Q and 31% Y/Y increase in
revenues to a record $1.2B.
For the year, PDP module shipments to the TV and Public Display
markets rose 107% to 3.6M panels, with revenues rising 51% to $4.3B and
with blended ASPs down 27%. Additional highlights from the latest
report include the following:
The 42`-43` share rose from 73% to a record high 76% as demand
responds to new price points. The <40` segment dropped from 13% to
11%, while the 46`+ market remained flat at 13%. 50` and 42`-43` were
the two fastest growing categories and were the only segments to gain
share.
42` 480p reached a 54% share in Q4`04, a record high, on strong demand
outside of Japan. Four out of five PDP TVs sold in Japan offer HD
compatibility while only four out of ten PDP TVs sold in North America
and Europe are HD capable. As a result, HD PDP modules fell from a 42%
to a 41% share in Q4`04.
Samsung SDI, LGE, Matsushita and Pioneer all enjoyed impressive growth
in Q4`04, up at least 31% Q/Q. The rankings remained the same as last
quarter with Samsung SDI leading followed by LGE, Matsushita, FHP and
Pioneer.
While Samsung SDI remained #1 in TVs, Matsushita continued to lead in Public Displays.
Korea`s share of shipments exceeded 50% for the first time, reaching
52%. Its TV module unit share reached 54% with its Public Display share
at 27%.
On a revenue basis, LGE overtook Samsung SDI due to its greater emphasis on higher resolutions and larger sizes.
By size, FHP led at 32`, 37` HD, 42`-43` HD and 55`, Matsushita led at
37` 480p, Samsung SDI led at 42` 480p, Pioneer led at 50`, and LGE led
at 60-65`.
In addition to covering PDP module shipments, this report now
provides branded PDP TV shipments and share by region, size and
resolution for the previous quarter as well as a rolling eight-quarter
forecast of PDP TV shipments by price, region, size and resolution. For
more information about this report, please contact Arie Braun at
512-459-3126, x108, or arie@displaysearch.com.
Representatives from DisplaySearch, leading PDP supplier Samsung
SDI, and leading TV brands will discuss their PDP module and TV
outlooks at the upcoming 7th Annual DisplaySearch US FPD Conference
March 1-3 in San Diego, California. Contact Kendra Smith for more
information on registration, sponsorship and exhibits by calling
512-459-3126 x107, emailing kendra@displaysearch.com or visiting
www.DisplaySearch.com/usfpd2005.
About DisplaySearch
DisplaySearch is the worldwide leader in market research and
consulting for the FPD and related industries. Founded in 1996,
DisplaySearch serves a growing multinational client base, with an
extensive array of market intelligence reports, advisory services, and
global business conferences. The firm surveys the entire display
industry food chain, including component and equipment manufacturers,
display producers, OEMs, distributors and retailers. From this
comprehensive vantage point, DisplaySearch prepares a valued suite of
market forecasts, technology assessments, studies and analyses, and
produces influential industry events worldwide. The firm is comprised
of a core team of 18 analysts, located in Japan, Korea, North America
and Taiwan. DisplaySearch is headquartered in Austin, Texas, with
regional operations in Chicago, Houston, San Jose, Seoul, Taipei and
Tokyo, and the company is on the web at www.displaysearch.com.
ONKYO`s new remote interactive (RI) dock for the iPod® will enable connectivity with ONKYO receivers and audio-video systems.
UPPER SADDLE RIVER, NJ (Feb 24) -- ONKYO Corporation has developed a
remote interactive (RI) dock that interfaces Apple's iPod® with ONKYO
receivers and audio-video systems. The dock is scheduled for release
mid-2005 in the U.S., Europe and Japan, with subsequent release in
other regions where ONKYO products are available.
The RI dock provides compatibility between specified iPod models and
many of the ONKYO products (as many as five million worldwide)*
produced over the past 10 years. Users of both the iPod and ONKYO
products will benefit from even greater flexibility with--and enjoyment
of--digital media, as well as superior audio performance.
Remote Interactive Dock Continues Revolution in Cross-Operability
In recent years, the range of audio-video products on the market has
widened significantly. Audio systems, home theater systems, personal
computers and portable devices have proliferated, among which there is
now a great deal of cross-operability. Many people assemble systems
with components from a variety of manufacturers, making universal
compatibility and operability ever more vital.
For more than 10 years, most ONKYO products have been built with
remote interactive (RI) capability, enabling cross-operability between
ONKYO products and those of other manufacturers through the use of a
single remote control. Also, remote interactivity enables the
integrated start-up of separate components, as well as offering a
Direct Change function that automatically switches the input to the
amplifier section (of the receiver or audio system) during playback.
Even when ONKYO components are purchased separately, they can be
combined effectively into a smooth-functioning system. With unsurpassed
longevity among interface systems, remote interactivity continues to
deliver the convenience of fully integrated operability.
The Remote Interactive Dock: A Summary
The Remote Interactive Dock makes it possible to easily link an ONKYO
audio-video system with the iPod. The dock features ONKYO's remote
Interactive (RI) functionality, and it can be used as a mini-stand to
recharge the iPod.
A remote control can be used to operate the iPod interactively via
an interface between the iPod and an RI-equipped ONKYO system.** The
dock also offers additional operability, significantly improving the
user's control of the entire integrated system.
Specific details regarding product design and use will be announced
in due course. The product is scheduled for release mid-2005 in the
U.S., Europe, Asia and Japan, with subsequent release in other regions
where ONKYO products are available.
* Over the past ten years, ONKYO has sold five million RI-compatible
audio-video systems, audio-video receivers and amplifiers worldwide.
** See Apple's website for compatible iPod models. Compatible ONKYO
AV systems: those with both an RI remote control and an external input,
such as a tape terminal.
ABOUT ONKYO CORPORATION
Onkyo, which means 'audio' or 'sound' in Japanese, has been producing
precision audio components for over 50 years. The company's philosophy
is to deliver products that are superbly designed and built to a
consistently outstanding standard of excellence. Today, Onkyo is at the
forefront of the home theater and digital revolutions. For more
information about Onkyo, please visit www.onkyo.com.
iPod and Apple are trademarks of Apple Computer, Inc., registered in the U.S. and other countries.
Home data networks drive additional services Data-centric connectivity solutions promote interest in more sophisticated monitoring and protection, value-added services, and storage
February 18, 2005 Dallas TX – Data networks incubate interest in additional value-added services among U.S. households, according to Parks Associates’ forthcoming report Home Networks and Residential Gateways: Analysis & Forecasts. The market research firm has found households with a home data network demonstrate substantially higher interest than non-networked households in bundled services (25% versus 14%), voice-over-IP (17% versus 6%), and networked storage (17% versus 2%). These levels of interest represent the larger potential for expanding the service domain and broadening the appeal of home networking solutions.
“We’re witnessing an early shift toward home networking as a key variable for motivating additional services in the home,” said William Cheek, an analyst with Parks Associates. “Equipment vendors and carriers have a significant opportunity to package data, voice, and multimedia networks as a complete bundle of services that offer network management, virus and spyware protection, and enhanced storage capabilities.”
According to Home Networks and Residential Gateways: Analysis & Forecasts, service providers will serve as a key distribution channel for both the networked CPE (consumer premise equipment) and value-added services.
Home Networks and Residential Gateways: Analysis & Forecasts examines the competitive players, their products, consumer demand, and market trends for the data networking and residential gateway markets. The report also paints a detailed picture of household adoption patterns based on Parks Associates’ database of consumer survey data and forecasts demand over the next five years. For more information about this study, please contact Parks Associates at 972-490-1113 or sales@parksassociates.com.
About Parks Associates: Parks Associates is a market research and consulting firm focused on all product and service segments that are “digital” or provide connectivity within the home. The company's expertise includes home networks, digital entertainment, consumer electronics, broadband and Internet services, and home systems.
Founded in 1986, Parks Associates creates research capital for companies ranging from Fortune 500 to small start-ups through market reports, multiclient studies, consumer research, workshops, and custom-tailored client solutions. Parks Associates also hosts Fall Focus and co-hosts CONNECTIONS™ (in partnership with the Consumer Electronics Association) each year. http://www.parksassociates.com
DALLAS, Feb. 10 -- Monitronics International, Inc., a leading national provider of security alarm monitoring services, today announced its financial results for the three months and six months ended December 31, 2004.
Second Quarter Results Total revenues increased $4.0 million, or 11% to $41.5 million in the three months ended December 31, 2004 from $37.5 million in the three months ended December 31, 2003.
Earnings before interest, taxes, depreciation and amortization ("EBITDA") for the three months ended December 31, 2004 was $29.3 million, an increase of 9% from $26.9 million for the three months ended December 31, 2003.
The Company reported a net loss of $0.6 million for the three months ended December 31, 2004 compared to a restated net loss of $0.1 million for the same period last year.
Six Months Results Total revenues increased $8.6 million, or 12% to $82.0 million in the six months ended December 31, 2004 from $73.4 million in the six months ended December 31, 2003.
Earnings before interest, taxes, depreciation and amortization ("EBITDA") for the six months ended December 31, 2004 was $57.5 million, an increase of 10% from $52.5 million for the six months ended December 31, 2003.
The Company reported a net loss of $1.4 million for the six months ended December 31, 2004 compared to a restated net loss of $4.9 million for the same period last year. The smaller loss was primarily due to last year's results including $8.8 million in expenses incurred in connection with our August 2003 refinancing.
Operations Perspective
"Monitronics perceives the residential security market at this point to be stable and growing. Further, the Company is well positioned to take advantage of the market," said James R. Hull, Chief Executive Officer of Monitronics.
"The Company's attrition rate rose to 12.7% for the 12 months ended December 31, 2004 from 11% for the 12 months ended December 31, 2003. This increase primarily reflects a slight change in policy made by us in June 2004 whereby subscribers in their annual renewal period may cancel with proper 30-days written notice. This change created a small number of accounts cancelled ahead of schedule." Mr. Hull continued, "This change in policy was made as a result of our comparing the small amount of revenue lost to the level of customer dissatisfaction created when a one-year renewal is enforced and deciding that customer satisfaction is the much greater influence on the level of our future business. We believe this change in policy will reduce our attrition rate in the long term."
EBITDA represents a non-GAAP (Generally Accepted Accounting Principles) financial measure. EBITDA is a key performance measure used in the security alarm monitoring industry and is one of the financial measures, subject to adjustments, by which our covenants are calculated under the agreements governing our debt obligations. EBITDA does not represent cash flow from operations as defined by GAAP, should not be construed as an alternative to net income, and is indicative neither of our operating performance nor of cash flows available to fund all of our cash needs. A table reconciling this measure to the appropriate GAAP measure is included in this press release.
Conference Call
Monitronics will hold a conference call on Thursday, February 10, 2005 at 2:00 p.m. CST (Central Standard Time) to discuss the Company's second quarter fiscal 2005 financial performance. James R. Hull, President and Chief Executive Officer, and Michael R. Meyers, Vice President and Chief Financial Officer, will host the call. The call will be open to the public. The conference call can be accessed by calling 866-200-5830 and entering the participant pin #783416. Interested parties are encouraged to access the conference call 10-15 minutes prior to the start. A replay of the conference call will be available from 5:00 p.m. (CST) February 10, 2005 through 12:00 a.m. (CST) February 17, 2005 at 866-206-0193, access code 150659.
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