Audiovox 2009 Annual Report Download - page 25

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Effective March 1, 2007, the Company reported “Accessories” as a separate product group due to the Thomson Accessory,
Oehlbach and Technuity acquisitions. In addition, the Company’s former mobile and consumer product categories are now combined
and recorded in the “Electronics” product group. As such, certain reclassifications have been made to prior year amounts as the
Company currently reports sales data for the following two product categories:
Electronics products include:
• mobile multi-media video products, including in-dash, overhead, headrest and portable mobile video systems,
• autosound products including radios, speakers, amplifiers and CD changers,
• satellite radios including plug and play models and direct connect models,
• automotive security and remote start systems,
• automotive power accessories,
• rear observation and collision avoidance systems,
• Liquid Crystal Display (“LCD”) flat panel televisions,
• home and portable stereos,
• two-way radios,
• digital multi-media products such as personal video recorders and MP3 products,
• camcorders,
• clock-radios,
• digital voice recorders,
• home speaker systems,
• portable DVD players, and
• digital picture frames.
Accessories products include:
• High-Definition Television (“HDTV”) Antennas,
• Wireless Fidelity (“WiFi”) Antennas,
• High-Definition Multimedia Interface (“HDMI”) accessories,
• home electronic accessories such as cabling,
• other connectivity products,
• power cords,
• performance enhancing electronics,
• TV universal remotes,
• flat panel TV mounting systems,
• iPod specialized products,
• wireless headphones,
• rechargeable battery backups (UPS) for camcorders, cordless phones and portable video (DVD) batteries and
accessories, and
• power supply systems.
We believe our product groups have expanding market opportunities with certain levels of volatility related to domestic and
international markets, new car sales, increased competition by manufacturers, private labels, technological advancements,
discretionary consumer spending and general economic conditions. Also, all of our products are subject to price fluctuations which
could affect the carrying value of inventories and gross margins in the future.
Acquisitions
We have acquired and integrated several acquisitions which are outlined in the Acquisitions section of Part I and presented in detail
in Note 3.
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Source: AUDIOVOX CORP, 10-K, May 14, 2009 Powered by Morningstar® Document Research℠