This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Noah CEO Discusses F4Q10 Results - Earnings Call Transcript

Jerry He

Thank you, Dora. Those performances of our ELP business in the fourth quarter was a considerably weak due to the challenges encountered in aligning our distribution net channels. We believe that maintaining our customer focus development and the marketing strategy will allow us to stabilize and recover this business.

By strategically targeting selective market segments, we will be able to hold in other features in the price point that will best appear to each demographic. Our popular NE350 remains competitive and is one of the best selling KLD in the space. Therefore we were not be releasing any new KLD devices until at least second half of fiscal 2011, which will allow the NE350 to continue reaching its targeted customers and will give us more time to stabilize our sales channels before moving forward with a new KLD launch.

Our DLD segment was the most severely impacted by this quarter and we plan to introduce a new student notebook and a flat panel DLD targeting the higher-end segment in early fiscal 2011 to better compete in the marketplace. Our e-dictionary sales were comparably more resilient as we continue to benefit from our relationship with Franklin Electronic Publishers and fulfill their ODM requests.

Given the recent developments in the ELP business, we’ve also made a strategic decision to focus on reducing our account receivable and inventory levels. Our, say, next few quarters in order to maintain a healthy business and a center stage for growth for the launch of new products in the second half of fiscal ‘11.

Moving to slide 10, as we have already discussed, much of our performance this quarter was due to interruptions encountered in the implementation of our channel realignment initiative as we aim to add new distributor into our network. This initiative affected our working relationships with existing distributors and created constraints in overall distribution capability and capacity.

6 of 19

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,750.38 -129.98 -0.77%
S&P 500 1,951.77 -18.30 -0.93%
NASDAQ 4,411.0850 -51.8170 -1.16%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs