Craig Mchugh Quotes

To be able to achieve that, we need to have margins at or above 20 percent. - Craig McHugh

This will make us a leaner, more agile operation. - Craig McHugh

There was a drop in flash memory prices in the quarter, with a precipitous drop in prices at the end of the quarter. This had a significant adverse effect on our sales in the quarter, and resulted in lower revenues, lower gross margins and inventory write-downs in the period. - Craig McHugh

The patent application was to protect our invention. As you can see . . . the invention is significant. - Craig McHugh

Our revenue in the quarter was the highest for any quarter in the past five years, with increased year-over-year sales in each of our key product categories. - Craig McHugh

Of primary importance, we achieved our goal of returning to profitability. - Craig McHugh

In the next few quarters, we plan to further lower our inventory, reduce our overall level of operating expenses and we will increase our focus on our higher-margin businesses. - Craig McHugh

Even though we increased overall revenues 50 percent year-over-year, the lower-than-expected selling prices for MP3 players and the inventory write-down negatively impacted gross margins. - Craig McHugh

Apple tried to claim invention, but this patent dispels that. We are going to look at all the alternatives that the patent provides. We can look at legal remedies. - Craig McHugh

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