DLB Dolby Laboratories Message Board

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Technology Stocks : DLB Dolby Laboratories

DLB 65.12

+0.2%

Nov 7 9:30 AM EST

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To: IntoOLEDs who wrote (199)	8/3/2019 12:37:27 PM
From: Cooters	Read Replies (1) of 324

simply don't understand this reaction. The major analysts all came out with positive comments, one even upgraded his price target. I'll post CFRA's reaction in a bit, they upgraded from Sell to Hold(got to give them credit they had the Sell right). I'll also post notes, but DLB actually had a beat on licensing(90% of their business) and they raised licensing guidance slightly. This was all related to a small shortfall in Products and Services related to a slowdown in cinema buildouts in China. Not Dolby Cinema, but the upfront cost they get when a new(regular, non DC) screen opens up. By my rough calculation it is a few thousand dollars per screen times a few thousand screens. The rest of their business in China is on target or actually above expectations. I opened a few options trades yesterday, gave myself til December and March, so I'll at least have 2020 guidance. Cooters

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