SANTA CLARA, Calif. 1/31/2005 - Macrovision Corporation (Nasdaq:MVSN)announced today that it is holding its first ever Analyst Day at The Four Seasons Hotel in New York City on February 1, 2005 from 12:45 p.m. – 4:30 p.m. ET. The Analyst Day will showcase various executives from each of the Company’s two divisions, who will discuss market opportunities and provide strategic and tactical business roadmaps. In addition, the executives will demonstrate various Company products and analyze key market trends impacting the Company’s business lines.
The Analyst Day meeting can be accessed via webinar on February 1, 2005 starting at 12:45 p.m. ET. The webinar can be accessed online at
www.placeware.com/cc/macrovision/join—enter Meeting ID "MVSN-0201", followed by Meeting Key "5QRHC6" to attend and view the webinar presentation. For audio dial-in, please call 1-800-240-2430 (Domestic) or +1 303-275-2170 (International). For web technical support during the live webinar session, please call 1-800-893-8779 or (International callers at +1 971-544-3222) or by sending an email to:
eventsup@microsoft.com. Approximately 1-2 hours after the live webinar, the on-demand recorded webinar replay will be available until February 8, 2005 on Macrovision’s website at
www.macrovision.com.
Fiscal Year 2005 Guidance
The Company also announced today guidance for FY 2005. Revenues for FY 2005 are estimated to be between $220 million and $230 million, with pro forma diluted earnings per share in the $1.03-$1.06 range, and GAAP earnings per share in the range of $0.90-$0.93. GAAP earnings do not reflect stock option expenses under accounting rules which are effective July 1, 2005, the impact of which is currently being estimated, and pro forma earnings exclude amortization of intangibles from acquisitions.
Compared with the Company’s latest FY2004 guidance, the 2005 targets represent an expected 30% increase in revenues and an 17% increase in pro forma earnings per share based on the midpoints of the 2004 and 2005 guidance ranges.
The Company estimates that its cash position at the start of the year is approximately $252.5 million in cash, cash equivalents, short term investments and long term marketable securities.
Bill Krepick, Macrovision’s CEO said, "In FY 2005, we expect to see our software technologies business and entertainment technologies business approach a 50/50 split in revenues, with the faster growth in our software business resulting in some slight margin compression. We expect that our business will be back end loaded in Q4 as is typical of both the software business and our entertainment technologies business. In addition to continued expansion of our software business, we are looking forward to growing our revenues for our two new technologies: Hawkeye peer-to-peer file sharing management and control and RipGuard, our digital anti-ripper product."
Q4 Earnings Release Date Announced
The Company also announced that it will be releasing Q4 2004 earnings and Q1 2005 guidance on February 28, 2005 at 4:30 p.m. ET, followed by an earnings conference call on the same day at 5:00 p.m. – 6:00 p.m. ET. The timing for the Q4 release is in line with prior years’ fourth quarter earnings releases reflecting the fact that many replicator reports are not received until 45-60 days after year-end, and the Company waits for these reports to minimize revenue estimations in its DVD copy protection business.
Pro Forma Earnings
Macrovision develops and markets digital rights management ("DRM"), copy protection, and software value management technologies for the consumer software, enterprise software, home video and music industries. Macrovision holds a total of 134 issued or pending United States patents and 915 issued or pending international patents, and continues to increase its patent portfolio with new and innovative technologies in related fields. Macrovision has its corporate headquarters in Santa Clara, California, with international offices in the United Kingdom, Amsterdam, Frankfurt, Tel Aviv, Tokyo, Hong Kong, Taipei and Seoul.
About Macrovision Solutions Corporation
Macrovision Solutions Corporation is focused on providing a uniquely simple digital home entertainment experience by delivering solutions to businesses to protect, enhance and distribute digital goods to consumers across multiple channels. Macrovision's technologies are deployed by companies in the entertainment, consumer electronics, cable and satellite, and online distribution markets to solve industry-specific challenges and bring greater value and a more robust user experience to their customers. The result of deploying Macrovision's solutions is a simple end user experience for discovering, managing and enjoying digital content. Today, Macrovision provides connected middleware, media recognition, interactive programming guides, copy protection and rich media, data and metadata on music, games, movies and television programming. The company also operates an entertainment portal which can be found at http://www.allmusic.com/. Macrovision holds over 4,100 issued or pending patents and patent applications worldwide.
Macrovision is headquartered in Santa Clara, California, with numerous offices across the United States and around the world including Japan, Hong Kong, Luxembourg, and the United Kingdom. More information about Macrovision can be found at http://www.macrovision.com/.
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Forward Looking Statements
All statements contained herein that are not statements of historical fact, including statements that use the words "will" or "is expected to," or similar words that describe the Company's or its management's future plans, objectives, or goals, are "forward-looking statements" and are made pursuant to the Safe-Harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the actual results of the Company to be materially different from the historical results and/or from any future results or outcomes expressed or implied by such forward-looking statements. Such factors are further addressed in the Company's most recent quarterly report on Form 10-Q for the period ended September 30, 2008 and such other documents as are filed with the Securities and Exchange Commission from time to time (available at http://www.sec.gov/). The Company assumes no obligation to update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release, except as required by law.
