10% down is a reasonable reaction to the poor earnings results. Low 30's is more than reasonable for DLB.
Beat on bottom line by 10%. Missed on top line by 3%. Decent earnings and guidance. Stock is very reasonably priced.
I'm thinking of loading up at these levels. I'm looking for some weak hands to pull the stock down to $28-29 then I'll definitely make the jump. This is always the weakest quarter for Dolby.
I think its time for DLB to invoke a dividend. Create some stability through these economic rough patches.