Audiovox 2002 Annual Report Download

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ON THE LEADING EDGE OF CONSUMER ELECTRONICS
2002 ANNUAL REPORT
AUDIOVOX

Table of contents

  • Page 1
    ON THE L EADING E DGE OF C ONSUMER E LECTRONICS AUDIOVOX 2002 ANNUAL REPORT

  • Page 2
    ... under the well-recognized Audiovox brand as well as other company owned trademarked names. We enjoy a leadership position in every market that we service including the number one market share in Mobile Video Products and we are the only manufacturer to supply every CDMA carrier in North America...

  • Page 3
    ...Company to report all amounts billed to a customer related to shipping and handling as revenue. The Company has reclassified such billed amounts, which were previously netted in cost of sales, to net sales...Form 10-K for the fiscal year ended November 30, 2002. Audiovox Corporation 2002 Annual Report

  • Page 4
    ... easy time for any business especially those in the high tech sector and we were no exception. As you know, Audiovox Corporation consists of two independent operating subsidiaries covering the wireless and consumer electronics markets. Although their results are consolidated in our reporting...

  • Page 5
    ... economy our electronics subsidiary, AEC reported growth of 25% with sales of our mobile video and consumer products leading the way. In particular, sales of our portable DVDs have been strong and I anticipate the consumer category, marked by our entrance into flat panel products and new DVDs to be...

  • Page 6
    ...our first-to-market shipments of tri-mode, Web browsing wireless phones, Audiovox handset sales for 2002 totaled 4.9 million units and $727.7 million. ACC also built upon the 2001 launch of its popular Maestro Pocket PC by introducing one of the first personal digital assistants that integrated high...

  • Page 7
    C O M M U N I C A T I O N S "From entry-level handsets to sophisticated and powerful data and voice-capable Pocket PCs, Audiovox invites you to join us as we help connect everyone in this wireless world." 5

  • Page 8
    ... works. We expect to see growth in our core businesses this year as well. In mobile video, we have introduced patented overhead built-in DVD systems and our "Video-In-A-Bag" line now includes a first-to-market system with both DVD and VCP capability, played Audiovox Corporation 2002 Annual Report

  • Page 9
    ...Start Alarm Systems and vehicle tracking systems designed for both the car dealer and retail market. GMRS two-way radio products will focus on creative design as in our wristwatch unit and advanced technology with extended range and more sophisticated features like GPS capability, NOAA weather alert...

  • Page 10
    ... 2002, our Electronics group, Audiovox Electronics Corp. (AEC) acquired the assets of Code Alarm Inc., further strengthening our position in the automotive security aftermarket. And in May 2002, Toshiba Corporation increased its minority interest in our wireless subsidiary, Audiovox Communications...

  • Page 11
    ... Spenser Clarke Securities. For more information contact G.W. Communications. Form 10-K Copies of the corporation's annual report on Form 10-K are available from: Audiovox Corporation Stockholders' Relations at G.W. Communications 787 Seventh Ave. New York, New York 10019 Audiovox Corporation is an...

  • Page 12
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