Audiovox 2000 Annual Report Download - page 2

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We generally market our products under the well-recognized Audiovox brand name, which we have used
for nearly 40 years. We were a pioneer in the wireless industry, selling our first vehicle-installed wireless tele-
phone in 1984 as a natural expansion of our automotive aftermarket business. Our extensive distribution network
and our long-standing industry relationships have allowed us to benefit from growing market opportunities in the
wireless industry and to exploit niches in the consumer electronics business. During the second quarter of 2000,
we became the number one seller of CDMA handsets in North America. CDMA is currently the fastest growing
technology in the wireless industry.
WE OPERATE IN TWO PRIMARY MARKETS
Wireless Communications: Our Wireless group, Audiovox Communications Corp., a 95% owned subsidiary,
accounts for approximately 84% of our revenue. ACC sells wireless handsets and accessories through Bell
Operating Companies, domestic and international wireless carriers and their agents, independent distributors
and retailers.
Mobile and Consumer Electronics: Our Electronics group, Audiovox Electronics Corp., accounts for approximately
16% of our revenue, sells mobile entertainment products, mobile electronics and consumer electronics primarily
to mass merchandiser retailers, specialty retailers, distributors to new car dealers, original equipment manufacturers
(OEMs), and the U.S. military.
Net Sales increase 46.8% to a record $1.7 Billion.
Dataquest ranks Audiovox Communications Corp. (ACC) number one in CDMA handsets during second quarter.
ACC begins shipments of web enabled cell phones.
Nearly nine million cell phones sold.
Electronics Division becomes subsidiary, Audiovox Electronics Corp. (AEC).
AEC to supply mobile video entertainment systems to FORD.
HIGHLIGHTS OF THE YEAR
CORPORATE PROFILE