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| | Dolby | News and Events |
 | | Net income excluding both the Ray Dolby royalty obligations and stock-based compensation charges was $18.4 million, or $0.16 per diluted share, for the third quarter of fiscal 2005, compared to $19.7 million, or $0.21 per diluted share, for the third quarter of fiscal 2004. |
 | | Net income excluding both royalty obligations payable to Ray Dolby and the stock-based compensation charges was $57.5 million, or $0.55 per diluted share, for the nine-month period ended July 1, 2005, compared to $57.5 million, or $0.63 per diluted share, for the nine-month period ended June 25, 2004. |
 | | Net income excluding the royalty obligations to Ray Dolby and stock-based compensation expense for fiscal 2005 is expected to be in the range of $73 million and $80 million, or between $0.67 and $0.74 per diluted share. |
| investor.dolby.com /ReleaseDetail.cfm?ReleaseID=169912 (1687 words) |
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