TeleNav 2010 Annual Report Download - page 17

Download and view the complete annual report

Please find page 17 of the 2010 TeleNav annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 109

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109

• stronger brand and consumer recognition in a particular market segment, geographic region or
worldwide;
• the capacity to leverage their marketing expenditures across a broader portfolio of products;
• access to core technology and intellectual property, including more extensive patent portfolios;
• access to custom or proprietary content;
• quicker pace of innovation;
• stronger wireless carrier and handset manufacturer relationships;
• more financial flexibility and experience to make acquisitions;
• lower labor and development costs; and
• broader global distribution and presence.
Our competitors’ and potential competitors’ advantages over us could make it more difficult for us to sell
our LBS, and could result in increased pricing pressures, reduced profit margins, increased sales and marketing
expenses and failure to increase, or the loss of, market share or expected market share, any of which would likely
cause harm to our business, operating results and financial condition.
Employees
As of August 31, 2010, we employed 942 people, including 725 in research and development, 106 in sales
and marketing, 49 in customer support and data center operations and 62 in a general and administrative
capacity. As of that date, we had 343 employees in the United States, 592 in China, six in the United Kingdom
and one in Brazil. We also engage a number of temporary employees and consultants. None of our employees is
represented by a labor union or is a party to a collective bargaining agreement.
Executive Officers of the Registrant
The following table sets forth the names, ages (as of June 30, 2010) and positions of our executive officers:
Name Age Position
H.P. Jin ................... 46 President, Chief Executive Officer and Chairman of the Board of
Directors
Douglas Miller ............. 52 Chief Financial Officer and Treasurer
Y.C. Chao ................. 45 Vice President, Research and Development
Salman Dhanani ............ 37 Vice President, Products
Loren Hillberg .............. 52 General Counsel and Secretary
Dariusz Paczuski ............ 44 Vice President, Marketing
Robert Rennard ............. 65 Chief Technical Officer
Hassan Wahla .............. 38 Vice President, Business Development and Carrier Sales
H.P. Jin is a cofounder of our company and has served as our president and a member of our board of
directors since October 1999. Dr. Jin has also served as our chief executive officer and chairman of our board of
directors from October 1999 to May 2001 and since December 2001. Prior to TeleNav, Dr. Jin served as a senior
strategy consultant at the McKenna Group, a strategy consulting firm. Prior to that time, Dr. Jin was a business
strategy and management consultant at McKinsey & Company, a management consulting firm. Dr. Jin was also
previously a technical director at Loral Integrated Navigation Communication Satellite Systems, or LINCSS, a
division of Loral Space & Communications, Inc., a GPS service and engineering company. Dr. Jin holds a B.S.
and M.S. in Mechanical Engineering from Harbin Institute of Technology in China and a Ph.D. in Guidance,
Navigation and Control, with a Ph.D. minor in Electrical Engineering, from Stanford University.
14