April 29, 2004 |
K-Swiss Inc., an athletic-shoe maker that split its shares and doubled its dividend in December, cut its 2004 profit and sales forecasts after orders from Foot Locker Inc. dropped. Its shares fell 21%. K-Swiss expects to earn $1.40 to $1.50 a share this year, down from its earlier forecast of $1.50 to $1.65, on sales of $460 million to $480 million. The company reported net income of $1.32 a share on sales of $429.2 million in 2003. Shares of Westlake Village-based K-Swiss fell $5.06 to $19.
April 16, 2004 |
As competition in the online music market stiffens, RealNetworks Inc. has so far failed in a bid to partner with its Internet music rival Apple Computer Inc. and join forces against their common enemy, Microsoft Corp. RealNetworks Chief Executive Rob Glaser sent an e-mail to Apple Chairman Steve Jobs seeking an alliance and a meeting to discuss it this week while Seattle-based Glaser was in Silicon Valley. Apple executives declined to comment.
March 23, 2004 |
Microsoft Corp., which is trying to halt declines in MSN Internet subscriptions by selling Web software, said it had signed an agreement to broadcast Major League Baseball games to customers of MSN Web. The agreement comes less than two months after Microsoft rival RealNetworks Inc. ended talks to extend its partnership with the league, saying the terms wouldn't let the company turn a profit.
March 10, 2004 |
RealNetworks Inc., which sells Internet audio and video software, sued Major League Baseball to enforce a contract that makes broadcasts of baseball games available to users of its RealPlayer software. RealNetworks was the exclusive provider of software for viewing the league's games over the Internet during the last three years until a contract expired last month.
February 7, 2004 |
RealNetworks Inc. said a flaw in its RealPlayer software for playing music over the Internet may let hackers take control of a personal computer. The problem with RealPlayer, which competes with similar software from Microsoft Corp., allows someone to create a fake song file that when loaded into the program could make the PC run whatever malicious instructions the creator set up, the company said.
January 30, 2004 |
Despite growing sales and a larger base of subscribers, RealNetworks Inc. on Thursday reported a wider quarterly loss due to lower profit margin and higher legal expenses. The company reported a loss of $5.3 million, or 3 cents a share, on revenue of $54.1 million in the quarter ended Dec. 31. Although the loss was in line with analysts' expectations, it was more than double the loss of $2.5 million, or 2 cents a share, reported a year earlier, despite a 17% increase in revenue.
January 7, 2004 |
Upping the ante for computer programs that play movies and music, RealNetworks Inc. is expected today to unveil a new version of its signature digital media player. RealPlayer 10 offers a downloadable music store as well as music videos and other video clips, songs on demand from selected albums, and the ability to pause and temporarily record live audio and video feeds from the Internet.
December 19, 2003 |
Saying that Microsoft Corp. continues to illegally eat away at its share of the market for digital entertainment software, RealNetworks Inc. on Thursday filed a $1-billion antitrust suit against the software giant. The suit, in federal court in San Jose, accuses Microsoft of illegally bundling its Media Player with its dominant Windows operating systems.
October 29, 2003 |
RealNetworks Inc. on Tuesday claimed the lead among online music services, announcing that it had more than 250,000 paying subscribers for its Rhapsody and RealOne RadioPass offerings at the end of September. Boosted by Real's gains, subscription music services now appear to generate more revenue than Apple Computer Inc.'s well-publicized downloadable music store. Apple executives, however, say their store is breaking even whereas most subscription services still are reporting losses.
October 22, 2003 |
Lining up another important partner in the wireless phone industry, RealNetworks Inc. announced that Motorola Inc. had agreed to add Real's software to some of its forthcoming mobile phones. Motorola, the world's second-largest manufacturer of mobile phones, plans to start using Real's technology for playing digital audio and video files next year on phones running the Linux operating system.