This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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

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

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
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!
SYM TRADE IT LAST %CHG
NED $2.79 0.36%
AAPL $124.25 -0.14%
FB $81.66 -0.67%
GOOG $542.56 -0.99%
TSLA $187.59 -0.63%

Markets

DOW 17,698.18 -77.94 -0.44%
S&P 500 2,059.69 -8.20 -0.40%
NASDAQ 4,880.2280 -20.6570 -0.42%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs