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DTS posts profitable quarter, expects bright future thanks to Blu-ray

Darren Murph
11.17.08
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There aren't too many firms out there posting awesome Q3 reports, but DTS is one of the rare exceptions. Recently, the firm reported a net income of $2 million on revenues of $14 million, though $1.6 million of those revenues were in the form of royalties. CEO Jon Kirchner was quoted as saying that "overall, we remain cautious about the near-term industry outlook, but we continue to believe in the attractive long-term prospects for the Blu-ray format and for our business." Guess that's assuming Blu-ray adoption picks up in Q4 and beyond, huh?

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