Macrovision shares fall customers slow to adopt new products

RickDriver used our news submit to tell us this bit of information
he spotted on the Macrovision company. It seems it was a bit of a
black Tuesday for the copy protection company as they announced a bleaker
than expected 2005 outlook. Citing "slacking DVD growth" and "slow adoption of
new products". Once the word was out the Santa Clara based company watched
shares tumble some $3.76 cents or 17 percent. They closed for the day at $17.94
well below their previous 52 week low of  $19.39 set May 3.

Three copy-protection products - RipGuard, Hawkeye and CDS-300 - haven"t been adopted as quickly as the company expected, with RipGuard facing the biggest delays, Chief Executive Fred Amoroso said in a conference call. A transcript of the call was provided by Thomson StreetEvents. Amoroso noted, though, that one customer has committed to purchasing RipGuard, an upgrade to Macrovision"s current DVD protection technology, for all its future DVD titles, and another customer has signed on for some titles. Oppenheimer analyst A. Sasa Zorovic said in an interview that studios don"t want to be charged extra for RipGuard because it is only an upgrade.

Well, this doesn't look good for Macrovision and that
quote is just the tip of the iceberg. You can check out the rest of the story over at
Sanluisobispo.

Source: Sanluisobispo