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RealNetworks Announces Preliminary Revenue and Impairment Charges for the Second Quarter of 2009
RNWK
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+27.86%
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122 days
<font> RealNetworks, Inc. ( RNWK ) today announced that it expects to report revenue of $134 million to $136 million for the second quarter of 2009. The company will release its second quarter earnings after the market closes on July 30, 2009, and will hold a conference call for analysts and investors at 2 p.m. PT on that day. <> The company also expects to report a non-cash charge of up to $176 million to reflect an impairment to all or substantially all of the company’s goodwill. The impairment results primarily from the company’s market capitalization trading below its book val><>><>><>><>><><>><>>><>><><>><>>< />>...
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Strong balance sheet, good growth, strong partners
RNWK
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-43.53%
in
809 days
Balance sheet, growth, and recently announced partnerships say it all. Shake out ahead, RNWK has all the piece parts to stay in the game amidst shifting sands.
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RealNetworks (RNWK)
RNWK
-66.51%
in
1030 days
Premise: Real Networks has become significantly undervalued due to a recent win against Microsoft. Although the stock was bid up following their win against Microsoft, the stock hasn’t moved much since the win. The balance sheet is in excellent condition and will only get better and concerns about the underlying business are priced into [...]
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From the Blogosphere
RealNetworks In Talks On Revamped Deal With MTV
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RealNetworks (RNWK) this morning disclosed in an 8-K filing with the SEC that it is in talks with Viacom’s (VIA) MTV Networks unit on the possible restructuring of their jointly owned Rhapsody America music service. The company said the talks are focused on the two companies’ “relative economic rights in the joint venture,” and on their ability to control decision-making to enable Rhapsody to operate more independently of either party. <>The upshot could be an adjustment of the structure of the joint venture which could reduce Real’s stake to below the current 51%, to 50% or slightly l><><>><>><>>><>><><>< />>><><>< />><>< />><>< />><>< />><>< />>>< />...
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RealNetworks Reportedly Cutting Staff By 4%
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RealNetworks (RNWK) today is cutting 4% of its staff, or about 70 of its 1,700 employees, according to AllThingsD, which cites “sources” for the report. No details yet on which parts of the company will be affected, and no official confirmation so far from the company.
RNWK today is up 20 cents, or 5.5%, to $3.81.
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Google wants eardrums, not just eyeballs
Filed under: Internet, Google (GOOG), Apple Inc (AAPL), News Corp'B' (NWS), Technology Google (NASDAQ: GOOG) makes it easier to search for websites, e-mail messages, passages from books and videos. Where you haven't heard much about Google's search capabilities -- or Google in general -- is the music business.
But, that's about to change. On Wednesday, the search giant announced that it was partnering with music services such as Pandora, Lala, News Corp's (NASDAQ: NWS) MySpace, and Rhapsody by RealNetworks (NASDAQ: RNWK) to help users find, listen to and ultimately buy music on the web. <><>Con>>...
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RealNetworks cuts to profits, eyes future with Google
Filed under: Internet, Google (GOOG), Technology RealNetworks (NASDAQ: RNWK) is profitable again! The online media company that provides music and other entertainment cut its way into the black, getting rid of the costs that were getting in the way. It wasn't much of a profit, only $1.5 million for the third quarter, not even a full cent per share, but it's a hell of a lot better than the $4.5 million loss it sustained in the third quarter of 2008. <>Revenue fell 8% last quarter to $140.3 million, just shy of the analyst average of $140.9 million. This trend is likely to continue through the f>...
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RealNetworks: Light Q3 Revs, But Unexpected Profit
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RealNetworks (RNWK) this afternoon posted Q3 revenue of $140.3 million, down 8% year over year, and a bit below the Street consensus at $140.9 million. The company posted a profit attributable to common holders of $1.5 million, which is less than a penny a share; the Street had expected a loss on that basis of six cents a share. Gross margin improved to 62%, from 59% a year ago.
For Q4, RNWK sees revenue up sequentially, but down year over year.
In late trading, RNWK is up 13 cents, or 3.4% at $4.
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