DTS Files Papers To Go Public

The Agoura Hills, CA, company, which competes with Dolby as a purveyor of digital multichannel audio products and technology, hopes to raise up to $60 million with the IPO. In the game market, the company supplies a surround sound SDK for PS2 games. DTS-encoded titles for the PS2 include Grand Theft Auto: Vice City, FIFA 2003 Soccer, NHL 2003 Hockey, SSX Tricky, and Street Hoops. DTS posted net income of $4.4 million on revenue of $40 million in 2002, compared with $2.1 million in net income and $28.6 million in revenue a year earlier.