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BUSINESS
April 14, 1999 | Bloomberg News
RealNetworks Inc., the No. 1 maker of software used to access audio and video online, agreed to acquire closely held Xing Technology Corp. for as much as $75 million in stock. San Luis Obispo-based Xing's AudioCatalyst MP3 software allows music to be heard on the Web using the popular MP3 technology, which makes it easy to copy and distribute compact disc-quality music over the Internet without paying royalties.
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BUSINESS
February 15, 2006 | From Associated Press
Delta Air Lines Inc. reported a narrower fourth-quarter loss Tuesday on a solid increase in revenue, but its results pushed its red ink to more than $12 billion since January 2001. The company, which is operating under bankruptcy protection, said it lost $1.24 billion in the three months ended Dec. 31, compared with a loss of $2.21 billion in the same period a year earlier. Revenue in the quarter rose 6.2% to $3.93 billion. The airline didn't provide per-share data in its balance sheet.
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BUSINESS
July 30, 2004 | Jon Healey, Times Staff Writer
Apple Computer Inc. Chief Executive Steve Jobs finally had something to say to RealNetworks Inc. CEO Rob Glaser, and it wasn't "I'd like to teach the world to sing." For months, Jobs had ignored Glaser's entreaties that Apple enable its iPods to play songs from Real's downloadable music store. So Glaser did it without Apple's help: This week, Real unveiled a technology dubbed Harmony that makes the tracks it sells work on iPods and other players.
BUSINESS
October 28, 2005 | From Bloomberg News
XM Satellite Radio Inc.'s third-quarter loss widened as it spent more on programming. The shares tumbled 10% on investor concern that fewer General Motors Corp. customers signed up after a free trial. The net loss widened to $131.9 million, or 60 cents a share, from $118 million, or 59 cents, a year earlier, Washington-based XM Satellite said. Revenue more than doubled to $153.1 million. From Bloomberg News * RealNetworks Inc.
BUSINESS
December 10, 1999 | Associated Press
RealNetworks announced a partnership with WebGlide, a deal that would give its popular RealPlayer program the ability to show three-dimensional video. Seattle-based RealNetworks said it plans to add the 3-D video feature to the RealPlayer, which plays audio and video transmitted over the Internet, by mid-2000. RealPlayer can be downloaded for free.
BUSINESS
July 21, 1999 | From Bloomberg News, Times Staff
Spectacular second-quarter earnings at leading technology companies aren't wowing Wall Street, as investors instead worry about a possible growth slowdown at key firms in coming quarters. Lucent Technologies, the telecommunications equipment giant, took one of the biggest hits in Tuesday's market rout, despite reporting a 60% jump in operating earnings for the quarter ended June 30. Lucent shares dove 9%, down $6.89 to $69.94 on the New York Stock Exchange, where it was the most active stock.
BUSINESS
June 12, 2001 | Associated Press
Cisco Systems plans to sell RealNetworks Inc.'s Web broadcasting software as part of a product line aimed at businesses, RealNetworks said. Terms were not disclosed. Under the agreement, San Jose-based Cisco, one of the largest retailers of Internet networking equipment, will market RealSystem iQ products for streaming audio and video content over the Internet to its corporate clients.
BUSINESS
March 21, 2001 | JON HEALEY, TIMES STAFF WRITER
Having carved out a leading role in Internet audio and video, RealNetworks Inc. is trying to become a top distributor of computer games. The Seattle-based company plans to expand its fledgling games Web site into a comprehensive service for game developers, making a wide selection of their works available to consumers for downloading or playing online. The company is expected to launch the developers' service today, with new RealArcade software for consumers available this summer.
BUSINESS
March 7, 2001 | Bloomberg News
Hewlett-Packard Co. said it will team with Internet software maker RealNetworks Inc. to build consumer electronic devices to play music and video from the Web. Terms weren't disclosed and the two companies aren't saying what types of products they are working on, a RealNetworks spokeswoman said. The devices will let users download, personalize and play music and video from the Internet. The products, as well as some entertainment services, will be introduced later this year.
BUSINESS
January 31, 2001 | From Times Wire Services
Technology sector companies reporting earnings, excluding one-time gains or charges unless noted, include: * AvantGo Inc. said its fourth-quarter loss widened to $10.6 million, or 35 cents a share, from $2.9 million, or 18 cents, but the performance was far better than the 42-cent loss analysts expected. Revenue climbed to $6.6 million from $1 million. AvantGo also said it expects losses in the first quarter and full year to be narrower than analyst forecasts. * DataStream Systems Inc.
BUSINESS
October 12, 2005 | Joseph Menn, Times Staff Writer
RealNetworks Inc. said Tuesday that it settled its antitrust case against Microsoft Corp., a deal that allows the digital media firm to promote its music subscription service to much of Microsoft's vast audience. The arrangement, worth an estimated $761 million to Real, ends the largest remaining antitrust case against Microsoft. The deal will make it easier for each company's computer-based programs to play audio and video recordings encoded with the other's technology.
BUSINESS
August 27, 2005 | From Bloomberg News
A group of Internet music subscription service providers including RealNetworks Inc. and Yahoo Inc. can't agree with songwriters on royalty payments for tunes streamed over the Web, leaving composers and songwriters unpaid. Talks on a payment rate broke down Aug. 16, with a group representing service providers offering 6.9% of total sales and songwriter groups asking for 14%, said a songwriters' representative.
BUSINESS
August 3, 2005 | From Bloomberg News
RealNetworks Inc., which sells songs and music-playing software on the Internet, posted a second-quarter profit of $4.71 million after a year-earlier loss as revenue rose. Net income was 3 cents a share, contrasted with a net loss of $4.62 million, or 3 cents a share, a year earlier, the company said. That topped the average estimate of break-even per share from analysts surveyed by Thomson Financial. Sales rose 26% to $82.7 million. The company's shares, up 6 cents to $5.
BUSINESS
January 27, 2005 | From Bloomberg News
RealNetworks Inc., which sells Internet-media software and songs on the Web, said its fourth-quarter loss narrowed to $972,000 as sales rose. The net loss equaled 1 cent a share and compared with a loss of $5.33 million, or 3 cents, a year earlier, the Seattle-based company said. Sales rose 34% to $72.5 million. Shares of RealNetworks rose to $6.10 in extended trading after the announcement. They added 13 cents to $5.95 on Nasdaq.
BUSINESS
September 9, 2004 | Jon Healey, Times Staff Writer
After selling downloadable songs at half-price for three weeks, RealNetworks Inc. has climbed the ladder of online music stores -- all the way to ... No. 2. Real sold about 3 million tracks during the promotion, which cost the company about $2 million, said Sean Ryan, vice president of music services. That's less than one-third as many downloadable songs as market leader Apple Computer Inc. typically sells in a three-week period.
BUSINESS
August 24, 2004 | From Associated Press
RealNetworks Inc. said Monday that it would begin offering a steep discount on its digital music subscription service to some university students in an effort to stem illegal downloads and attract long-term customers. The Seattle company said it had struck deals with UC Berkeley and the University of Minnesota system to offer its standard Rhapsody service to students for $2 to $3 a month. The service is normally $9.95 a month.
BUSINESS
January 30, 2001 | Jon Healey
The National Basketball Assn. agreed to make NBA.com TV, a 24-hour cable TV network offering game highlights and features, available to RealNetworks' paying customers on the Internet. Starting Thursday, people who subscribe to Real's $10-per-month RealPlayer GoldPass will be able to see personalized game highlights and listen to live audio broadcasts of games through the Net. The NBA already provides the audio broadcasts online for $30 per year through NBA.com and its partners.
BUSINESS
March 11, 1998 | LESLIE HELM, TIMES STAFF WRITER
RealNetworks, a Seattle-based Web pioneer, will announce several partnership agreements today that it hopes will help answer a much-asked question at this week's Internet World conference at the Los Angeles Convention Center: How to survive in an environment increasingly dominated by Microsoft.
BUSINESS
July 30, 2004 | Jon Healey, Times Staff Writer
Apple Computer Inc. Chief Executive Steve Jobs finally had something to say to RealNetworks Inc. CEO Rob Glaser, and it wasn't "I'd like to teach the world to sing." For months, Jobs had ignored Glaser's entreaties that Apple enable its iPods to play songs from Real's downloadable music store. So Glaser did it without Apple's help: This week, Real unveiled a technology dubbed Harmony that makes the tracks it sells work on iPods and other players.
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