Circuit City

A Sharper Focus

The leader in digital projectors launches an array of cutting-edge products

 
This issue we’re adding a new stock to our portfolio: InFocus (INFS) A leader in digital projectors for both businesses and the home, it has been aggressively slashing costs with the goal of becoming the low-cost producer while introducing a range of cutting-edge new products. And it is compellingly cheap compared to its rivals.
 
InFocus was the first to introduce a multiuse projector for below $1,000, its top-selling product in recent quarters. The company is rapidly developing new products for the accelerating consumer market, including ScreenPlay 7200, a projector TV geared to the high end of the home theater market, and the mid-range ScreenPlay 5700, recently named “projector of the year” by a prominent European trade association. In the high end TV market, the company sells components to Thomson-RCA and to SVA, China’s digital display leader.
 
In addition, InFocus is introducing a new line of thin display products.
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Market Update 11-11-08

Last Friday, the U.S. Department of Labor announced that the unemployment rate had risen to 6.5% in October, the highest rate since 1994. More than 1 million American jobs have been lost so far in 2008, and the job loss rate is accelerating- over half of those jobs were lost in August, September and October. Clearly this bad news is confirmation that we're in a recession. The worst of the financial crisis is over, but it will take time for the liquidity injections to work its way through the economy and companies' bottom-lines. In the meantime, Main Street is feeling the full brunt of the crisis.

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