Fourth Annual
CES Investment Summit
January 9–10, 2012
Las Vegas Convention Center
Las Vegas, NV
Monday, January 9, 2012
5:00 p.m. – Cocktail reception and BCS
National Title game viewing
Please Join Us for the Fourth
Annual CES Investment Summit
This year we will open the summit with a cocktail
reception and BCS National Title game watching party
on Monday evening. At the exhibition on Tuesday, we
have arranged for a combination of focused company
meetings and panel discussions with the management
of high-quality growth companies and industry-leading
executives. The event should provide insight to investors
interested in digital media industry trends as well as
company-specific outlooks, and will offer an opportunity
to interact with management of each company.
We look forward to seeing you in January.
The Palazzo, Lagasse’s Stadium
3325 Las Vegas Blvd. South
Tuesday, January 10, 2012
This event is hosted by
• Company presentations
Technology Analyst:
• Intellectual Property Valuation Panel
Ralph Schackart, CFA
+1 312 364 8753
rschackart@williamblair.com
• Monetizing Digital Content Panel
Associates:
Timothy Compton
+1 312 364 8414
tcompton@williamblair.com
Kris Barney
+1 415 248 2862
kbarney@williamblair.com
Ryan Domyancic
+1 312 364 5412
rdomyancic@williamblair.com
William Blair & Company CES Investment Summit
South Hall 2 (Ground Level): Booth MP 25736
Preliminary Schedule for January 10, 2012
Time
Company
Speaker
10:15–11:00 a.m.
Rovi Corporation (ROVI)
James Budge
11:15–11:45
Pandora Media, Inc. (P)
Joe Kennedy
11:45–12:15 p.m.
RealD Inc. (RLD)
Michael Lewis
12:15–12:45
DTS, Inc. (DTSI)
Jon Kirchner
Mel Flanigan
12:45–1:30
Intellectual Property Valuation Panel
Acacia Research Corporation
Augme Technologies, Inc.
DTS, Inc.
Red Chalk Group
RPX Corporation
Marvin Key
Nathaniel Bradley
Blake Welcher
Raymond Zenkich
Kevin Barhydt
Monetizing Digital Content Panel
AOL Inc.
GKH Media (formerly with Disney)
Shamrock Capital Advisors
Jeff Marshall
Gordon Ho
Michael LaSalle
1:30–2:15
*Times and guests subject to change
Company Participants
DTS, Inc.
(DTSI)
Jon Kirchner
President and Chief Executive Officer
Mel Flanigan
Chief Financial Officer and Executive Vice
President–Finance
Approximate Market Value: $473 Million
DTS develops and licenses consumer digital audio
surround-sound technologies. DTS is the standard,
must-use technology for the Blu-ray high-definition
format. Being mandatory-use technology will be a
meaningful earnings driver for DTS. The company has
also announced agreements with computer hardware
companies ASUSTeK and Intel to build DTS audio technologies directly into PC hardware. Moreover, the company is building growth beyond Blu-ray by licensing its
IP into new markets, such as broadcast, satellite radio,
mobile, and connected TVs.
* Data for the denoted noncovered companies was compiled from
Thomson ONE Analytics and company websites.
Please consult http://www.williamblair.com/pages/eqresearch_disclosures.asp
for all disclosures.
Pandora Media, Inc.
(P)
RealD Inc.
(RLD)
Joe Kennedy
President and Chief Executive Officer
Michael Lewis
Chairman, Chief Executive Officer, and Co-founder
Approximate Market Value: $1.7 billion
Approximate Market Value: $465 Million
Pandora is the leading Internet radio provider in the
United States, claiming more than 65% market share.
The company provides personalized radio to users
accessing the service on computers, smartphones,
and connected consumer electronic devices. We estimate Pandora will attract roughly 8 billion listener
hours in 2011, providing its users with a highly personalized listening experience by drawing on more
than 800,000 songs from its Music Genome Project
proprietary database.
RealD is a leading global licensor of 3-D technologies.
Its extensive IP portfolio is used in applications that
enable a premium 3-D viewing experience in the theater, at home, and elsewhere. RealD licenses its RealD
Cinema Systems to motion picture exhibitors that
show 3-D motion pictures and alternative 3-D content.
The company also provides its RealD Display, active
and passive eyewear, RealD Format, and gaming technologies to consumer electronics manufacturers and
content producers and distributors to enable the delivery and viewing of 3-D content.
Rovi Corporation
(ROVI)
James Budge
Chief Financial Officer
Approximate Market Value: $2.7 Billion
Rovi is a digital entertainment company providing
solutions to enhance, search, distribute, and protect digital content across multiple channels and
platforms. The company boasts significant barriers
to entry with its core guide technology—a product
of its broad, worldwide IP portfolio. With its core
guidance technology offering, Rovi has a strong
recurring revenue stream (65%-plus of total revenue) garnered by providing search, identification,
and connectivity solutions to content providers and
consumer electronics customers.
Panel Participants
Jeff Marshall
Global Holding Company Director at AOL
Approximate Market Value: $1.3 Billion
Jeff Marshall's 16-year marketing career has spanned
traditional media, digital media, running a creative
agency, and brand content development. Mr. Marshall
currently works for AOL, where he manages the
executive relationships for two of the five largest
advertising holding companies: Publicis Groupe and
Ageis Group.
Acacia Research Corporation
(ACTG)
Augme Technologies, Inc.
(AUGT)
Marvin Key
Senior Vice President
Nathaniel Bradley
Chief Technology and Product Officer
Approximate Market Value: $1.5 billion
Approximate Market Value: $125 million
Acacia Research Corporation is a patent-licensing firm
that controls over 190 patent portfolios used across a
variety of industries. The company works as a licensing partner with investors and patent owners to
monetize their patents. Generally, the company enters
into a 50/50 licensing revenue share with investors
and patent owners. The company has completed over
1,000 licensing agreements covering approximately
100 different technologies.
Augme Technologies is a mobile media marketing
company that executes, tracks, and analyzes mobile
campaigns for clients in the pharma, consumer packaged goods, brand, retail, and media industries. The
company counts Ford and Johnson & Johnson among
its portfolio of blue-chip customers. In addition, the
company owns a patent portfolio covering behavioral
targeting, content rendering, and device detection.
Gordon Ho
Raymond Zenkich
Former Executive Vice President at Disney; Business
Development Head and Advisory Board Member at
i.TV; and Consultant at GKH Media
Partner and Co-founder
Gordon Ho acts as a consultant for the entertainment
and media industries at GKH Media. Previously, he
served as the executive vice president of worldwide
marketing and business development for Walt Disney
from 2006 to 2010. Before this position, he held two
vice president positions covering marketing and business development from 2000 to 2005. Before Walt
Disney, Mr. Ho served at Leo Burnett Advertising from
1991 to 1992 and Hewlett-Packard from 1987 to 1988.
Ray Zenkich has served senior executives and professionals for over 13 years, and has deep intellectual
property experience from serving as vice president
(partner) of consulting services for ipIQ (now The
Patent Board) and filing his own U.S. patent. Prior to
Red Chalk Group, Mr. Zenkich worked at McKinsey &
Company and Accenture.
RPX Corporation
(RPXC)
Shamrock Capital Advisors (Private Equity)
Kevin Barhydt
Vice President–Acquisitions
Michael LaSalle
Partner
Approximate Market Value: $632 Million
Michael LaSalle joined Shamrock Capital Advisors in
2000. He has significant investment experience in the
media, entertainment, and communications sectors. He
serves as a director at Mojiva, INgrooves, Media Storm,
and Harlem Globetrotters International. Prior to joining
Shamrock, Mr. LaSalle worked at boutique investment
bank Putnam Lovell Securities.
RPX Corporation offers various patent-related services,
including defensive buying, acquisition syndication,
patent intelligence, and advisory services. RPX utilizes
its principal capital and patent expertise to help its clients manage patent risk and mitigate costs.
Shamrock Capital Advisors, based in Los Angeles, is a
private-equity firm that manages $700 million. The
fund focuses on the media, entertainment, and communications sectors, and notable investments include
Screenvision, Thought Equity Motion, Mojiva, and RealD.
Las Vegas Convention Center
Location Map
William Blair Location
South Hall
Ground Level, MP 25736
Las Vegas Convention Center
South Hall: Ground Level
William Blair Location
Booth MP 25736