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RealNetworks' loss is Microsoft's gain | |
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| Time: 10:55 EST/15:55 GMT | News Source: Business Week Online | Posted By: Byron Hinson | ||
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RealNetworks on Tuesday reported a third-quarter net loss that nearly doubled what it lost in the same period a year ago and warned that the fourth quarter would bring similar results. The quarter's loss came as worsening sales in the company's server business eclipsed gains in its consumer business. Net loss for the quarter was $35.4 million, or 22 cents per share, compared with a loss of $19.4 million, or 12 cents per share, in the same quarter last year. The third-quarter loss included $30.8 million worth of special charges, including restructuring and severance, write-down of excessoffice facilities and some equity investments, and a write-off of net-deferred tax assets. | ||
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| #1 By 3653 (63.162.177.140) at 10/23/2002 12:30:47 PM |
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Who is this RealNetworks that everyone is talking about?
Seriously though, we seem to be approaching the end of Real as a technology company. In another year or so... their RealOne service will be using Windows Media (its already in their software). I have to commend Real for acknowledging (privately) that they stood little chance against MSFT. They recognized their fate, and have managed to put together a pretty decent consumer offering (RealOne). There technology, however... is dying quickly. |
| #2 By 3653 (63.162.177.140) at 10/23/2002 2:18:59 PM |
| wow, never really heard ANYONE stand up for Real player. FinancialWiz, you stand alone. |
| #3 By 1845 (12.254.162.111) at 10/24/2002 12:58:36 AM |
| I don't expect Real to go under in the very near future. As much as their player bugs the heck out of me. I think it will be a good thing if they stick around. I'd have for Microsoft to deal with the antitrust implications of dominating the streaming media market too. |
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