Tune Out the Static and Buy

Dolby Laboratories (DLB) is an iconic name for those of us who grew up in the age of cassette tapes. Since eliminating that incessant hissing, Dolby has moved into movie and home-theater sound systems, automotive products, computer and video game applications and high-quality streaming sound for NetFlix (NFLX), Hulu, cable and satellite broadcasts.

Dolby earned $0.50 per share in 2005 and is currently expected to show $2.57 this year. That would be down a tad from 2011's $2.75, but would still represent a very nice seven-year gain of 414%. Dolby shares peaked above $70 in 2010 and were priced at $45.83 as recently as May 7, right after Microsoft (MSFT) indicated its plan to include Dolby technology in Windows 8....256 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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