April 26, 2000
The Santa Ana developer of audio enhancement technologies reported a net loss of $4.3 million, or 36 cents a share, for the first quarter, compared with a loss of $1.5 million, or 13 cents a share, for the first three months last year. Quarterly revenue fell to $7.2 million from $7.7 million.
March 10, 2000 |
SRS Labs Inc., a Santa Ana developer of audio technology, said Thursday that it has received an equity investment from Microsoft Corp. as part of a technology and marketing alliance with the software giant. The amount of the investment wasn't specified. SRS said it will use its technology to complement Microsoft's Internet audio, telephony and gaming products. Shares of SRS gained $1.63 a share, or 8.5%, to close Thursday at $20.75 in Nasdaq trading.
January 17, 2000 |
Cashing in on the Internet music buzz, a subsidiary of Santa Ana-based SRS Labs Inc. recently unveiled a Web site that promises to be a one-stop digital music shop. SRSWOWcast.com Inc.'s Wow Village (http://www.srswowcast.com) features live and prerecorded performances and videos, music chat lounges, concert halls and an artist "colony" that showcases the work of unsigned, independent artists. "We want the site to be a blend of technology and community," said Jennifer A.
December 1, 1999 |
SRS Labs Inc. in Santa Ana said Wednesday that its Valence Technology Inc. subsidiary is seeking an undisclosed amount of financing in Asia, which could lead to a public offering of the Hong Kong unit. SRS acquired Valence in March, 1998, for $19.5 million in cash and stock, to give the parent company access to new markets in China, particularly for video CD machines used as sing-along karaoke machines. SRS specializes in digital audio technology.
September 20, 1999 |
Hoping to cash in on the Internet music buzz, Santa Ana-based SRS Labs today will unveil a software program and a hardware device that both promise to improve the quality of listening to music on a personal computer. Wow Thing (http://www.wowthing.com) is a software plug-in that works with WinAmp, one of the Internet's most popular MP3 players. The program, which is free to try and costs $10 to register, acts as a virtual equalizer and can help flesh out the sound of compressed audio files.
July 28, 1999
SRS Labs Inc.: The Santa Ana provider of audio and voice technology products posted net income of $5,875 for the second fiscal quarter, compared with net income of $720,422, or 6 cents a share, for the comparable 1998 period. Revenue declined 29% to $8.2 million from $11.6 million.
May 1, 1999
SRS Labs Inc. in Santa Ana named John AuYeung chief operating officer. The company, which provides audio and voice enhancement technology, said AuYeung will continue to serve in his current position as executive vice president and secretary. He is also a director. Former chief operating officer and President Thomas R. Parkinson resigned in February to pursue other interests. AuYeung will direct the company's Asian initiatives, including overseeing its Hong Kong-based Valence Technology unit.