UNIVERSITY OF OREGON INVESTMENT GROUPCovering Analyst: Farbod Sedeh Email: [email protected]The University of Oregon Investment Group (UOIG) is a student run organization whose purpose is strictly educational. Member students are not certified or licensed to give investment advice or analyze securities, nor do they purport to be. Members of UOIG may have clerked, interned orheld various employment positions with firms held in UOIG’s portfolio. In addition, members of UOIG may attempt to obtain employment positions with firms held in UOIG’s portfolio. May 25 , 2010 FinancialsDolby Laboratories, Inc. SELL BUSINESS O VERVIEW Dolby Laboratories (DLB) was founded in 1965 by Ray Dolby. The company was first founded in England, but was always a US corporation. In 1976, the company mov ed its headquarters in San Francisco, California. Dolby laboratories focuses on creating technological innovations t hat are used throughout the Stock DataPrice (52 weeks)34.14 - 63.63 Symbol/Exchange DLB/NYSE Beta.97 Shares Outstanding 116.1 Million Average dai ly volume (3 month average)441,492 Million Current market cap7.191 Billion Current Price Dividend Dividend Yield$61.96 $0.00 0.00%Valuation (per share) DCF Analysis$48.25 Comparables Analysis Current Price Target Price $58.07 $61.96 $53.16 Summary Financials Revenue Net Income799.76 Million 250.43 Million Operating Cash Flow277.55 Million