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The Register: RealNetworks Streams Staff

Aug 08, 2002, 19:00 (8 Talkback[s])

"RealNetworks Inc is laying off 11% of its staff as it tunes up its strategy to focus on its recently introduced Helix streaming media platform and RealOne consumer service. The company said it will record a restructuring charge of between $4m and $6m relating to the layoffs--90 out of RealNetworks' current total of about 800 employees are going.

"The main factor behind the reorganization is the slump in its software systems business. Sales of its streaming servers have been drooping for some time, but fell 36% in the second quarter 2002 compared to the year-ago quarter. The company faces severe competition from Microsoft Corp...

"The company last month launched Helix, a bold attempt to halt the seemingly inevitable march of Microsoft into the leadership position by opening up source code to its prized streaming server. Helix also contained, for the first time, the ability to stream Windows Media files, which raised concern that Microsoft may legally challenge the offering..."

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