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Napster posts losses

Music download service Napster has reported a narrower quarterly loss as revenue increased from new mobile phone-based and existing personal computer-based services. The digital company said its fiscal second-quarter net…

IAC profit squeeze

IAC reported a 4.2 per cent drop in third-quarter net income amid higher costs as home-shopping channel HSN showed signs of a turnaround. IAC reported net income of $71.8 million,…

Alcatel-Lucent Q3

Alcatel-Lucent has posted Q3 net losses of E258m on revenue down 7.8 per cent year-on-year at E4.35 billion. The group says the integration plan has seen 5,000 jobs cut in…

NDS Results

NDS has announced its results for the first quarter ended September 30, 2007. Revenue for first quarter was up 25 per cent to $204.9 million (E142m) and operating income for…

Sirius narrows loss

Sirius Satellite Radio reported a narrower third-quarter loss and recorded a 50 per cent increase in new subscribers ahead of its planned combination with larger rival XM Satellite Radio. Sirius…

blinkx reports strong growth

Video search engine blinkx has reported positive financial results for the period ended 30 September 2007. Gross profit for the first half of 2008 was $2.2 million (E1.5m), with a…

SES Q3 results

SES has reported on its financial performance for the three months ended 30 September 2007. Revenue was E406.9 million. Operating profit was E175.9 million and Net profit was E138.8million Romain…

Comcast sales up, earnings flat

Comcast earnings fell sharply in the third quarter in the context of a year-earlier gain related to its acquisition of cable systems from Adelphia Communications. Comcast’s net income fell 54…

Digiturk hopes for $550m in IPO

Digiturk, Turkey’s largest digital television broadcaster, plans to raise as much as $550 million (E386m) in an IPO of 25 per cent of its business. The company is controlled by…

Eutelsat Q1 sales up 6%

Eutelsat Communications said sales jumped 6.2 per cent to E211.9 million in its first quarter to September from E199.5 million a year earlier thanks to “the continuing good performance of…

Google growth double online average

Google said net income in the third quarter surged 46 per cent compared with the period a year earlier. Sales rose 57 per cent, topping Wall Street's bullish forecasts. The…

Pace Micro on track

Mike McTighe, Chairman of Pace Micro Technology said “I am pleased to say that Pace is on track to meet the Board's recently revised expectations for the shortened 2007 financial…

Sky Italia first profits

From Branislav Pekic in Rome Sky Italia is set to turn a profit for the first time since launch in Italy in 1991 under the brand Tele+. The results of…

Cablevision on brink

The Dolan's plan to take Cablevision private is on the brink as ClearBridge Advisors, the largest institutional shareholder in declares it plans to vote against the Dolan family’s $10.6 billion…

Ericsson crash on profits warning

Having apparently been outperforming many of its rivals dust during the past year and a half, the world's leading telecommunications equipment maker issued a sales and profit warning. It said…

Echostar shares up on AT&T speculation

EchoStar Communications Corp shares rose 4 per cent on speculation that US telco giant AT&T could buy the satellite television provider within a year. Echostar’s television service would complement AT&T’s…