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CNET News: RealNetworks' Loss is Microsoft's Gain

Oct 23, 2002, 19:00 (24 Talkback[s])
(Other stories by Paul Festa)

"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...

"[Aberdeen Group Research Director Michael] Hoch said that growth in the consumer business, combined with the company's newly announced project to develop its software in an open-source environment called Helix, could help stimulate further revenue growth to offset increased hemorrhaging to Microsoft..."

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