The company has expanded its teen-targeted Hollister unit to 260 U.S. stores, enjoying success by marketing a "laid back" California lifestyle.

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It set up the Chennai factory in 2006, and the unit produces various models, including smartphones targeted at consumers in emerging markets.

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The Tandberg unit, an end-to-end video conferencing system, is targeted at enterprises both small and large.

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This product issue impacted enterprise product unit shipments by approximately 1.5 million units and drove our non-GAAP gross margin below our targeted plan.

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