As we said when we announced preliminary results, softness in CE was primarily due to anticipated declines in ACP revenues, which we've been talking about for a number of quarters now. Remaining decline was mostly due to the lack of new CE licensing deals during the quarter. But we had hoped to sign at least one of the CE manufacturers that is out of license. It did not happen in the quarter for reasons Tom will discuss. By comparison, in the second quarter of 2011, we've benefited from entering into a license agreement with Toshiba.Our CE products were also adversely impacted by the macroeconomic factors that appears have been headwinds for many companies involved with the CE industry. Many device manufacturers reported a year-over-year reduction in royalty-bearing unit sales, and some of our CE partners have been incorporating next-generation guides more slowly than we anticipated.
Rovi Management Discusses Q2 2012 Results - Earnings Call Transcript
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts